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Crowe Horvath. <br />Crowe Horwath LLP <br />Independent Member Crowe Horwath International <br />10 West Market Street, Suite 2000 <br />AUG 19 2011 Indianapolis, Indiana 462042975 <br />Tel 317.632.1100 <br />Fax 317.635.6127 <br />www.crovmhorwath.com <br />August 18, 2011 <br />PROJECT ASSIGNMENT <br />City of South Bend, Indiana <br />This document is a Project Assignment based on an agreement entered into between the City <br />of South Bend — Community & Economic Development Office ( "CED Office ") and Crowe <br />Horwath LLP ( "Crowe ") dated February 3, 2010. <br />The title of this Project Assignment is: City of South Bend (the "City ") Tax <br />Increment Financing Neutralization <br />Worksheets <br />The scope of financial advisory services provided by Crowe may include the following: <br />Tax Increment Financing (TIF) Neutralization Worksheet (the "Worksheet ") <br />1. Collect TIF Data from the St. Joseph County Auditor's Office (the "Auditor's Office ") <br />2. Preparation of the TIF Worksheet for each Allocation Area located within the City. <br />3. File the Worksheet and all other necessary documents with the Auditor's Office. <br />Fees <br />Fees shall be billed for the hours expended on this project. Hourly rates are presented below: <br />Partner /Director $ 310 to $ 370 <br />Senior Manager 200 to 250 <br />Manager 155 to 200 <br />Staff 100 to 125 <br />Out -of- pocket expenses At Cost <br />Professional fees for the scope of services outlined above will not exceed $15,000 and this fee <br />will not be exceeded without the written permission of the CED Office. Services requested <br />which are outside the scope of services listed herein will be described and quoted separately. <br />Incidental expenses are usually paid by Crowe and billed to the client at cost. These expenses <br />generally include, but are not limited to, communication, printing, binding and travel expenses <br />incurred on behalf of the client. <br />