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Scope of Services and Fee Estimate <br />An Analysis of Residential Market Potential Page 6 <br />Downtown South Bend <br />City of South Bend, St. Joseph County, Indiana <br />January 7, 2013 <br />SCHEDULE <br />Unless otherwise A general timeline for this market analysis would be as follows: <br />Month One (March) Review of existing planning /research materials <br />Client meeting <br />Study area evaluation <br />Initial presentation <br />Month Two Supply -side analysis <br />Target market analysis <br />Month Three Determination of optimum market position <br />Program and policy recommendations established <br />Delivery of study <br />Month Four Presentation of findings <br />FEE /EXPENSES <br />The professional fee for the above - described scope of services is $35,000. Reimbursable expenses for <br />the analysis have been estimated based on two visits to South Bend —the first visit will include a <br />Zimmerman /Volk Associates' principal and an associate; the second visit will include a <br />Zimmerman /Volk Associates' principal only. <br />Reimbursable expenses are charged as follows, with estimates based on current fares and recent <br />comparable assignments: <br />• Census, demographic, and consumer data, <br />At cost- <br />• Air transportation (United mid -week coach, airport transit), <br />At cost, three round- trips- <br />• Auto rental and /or mileage, tolls, gasoline, and parking, <br />At cost, two trips- <br />• Lodging and meals, <br />At cost, two persons trip one; one person trip two— <br />Total estimated expenses— <br />Estimated at $250 <br />Estimated at $1,500 <br />Estimated at $400 <br />Estimated at $850 <br />$3,000 <br />Total fee /estimated expenses— $38,000 <br />ZIMMERMANNOLK ASSOCIATES, INC. <br />