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C ~- ~2~ <br />Crowe Hormrath <br />Crowe Horwath LLP <br />Independent Member Crowe Horwalh International <br />10 West Market Street, Suite 2000 <br />Indianapolis, Indiana 46204-2975 <br />Tel 317.632.1100 <br />Fax 317.635.6127 <br />www. croweho rwath. com <br />January 4, 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 of <br />South Bend -Community & Economic Development Office ("CED Office") and Crowe Horvath <br />LLP ("Crowe") dated February 3, 2010. <br />The title of this Project Assignment is: City of South Bend -General Consulting <br />Erskine Commons Project ("Project") <br />Services provided by Crowe under this agreement would include general consulting services <br />related to financial matters of the Project, including but not limited specifically to the following: <br />• Analysis of future cash flow of the Tax Increment Financing ("TIF") Area based upon <br />assumptions provided by the CED Office if required. <br />• Analysis of the potential early redemption of outstanding Taxable Economic <br />Development Bonds, Series 2005 (the "2005 Bonds"). <br />• Assist in responding to any requests as it relates to the 2005 Bonds. <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 $6,000 without written <br />permission of the CED Office. <br />Services requested which are outside the scope of services listed herein will be described and <br />quoted separately. <br />