4.6 HRSR 06-01-2015 - Laserfiche WebLink

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May 26, 2015 Ms. Amanda Othoudt Economic Development Director City of Elk River 13065 Orono Parkway Elk River, MN 55330 Dear Ms. Othoudt: Thank you for contacting Maxfield Research Inc. to provide a profor a Comprehensive Housing Needs Analysis for the City of Elk River, Minnesota. This study would update the previously completed housing study completed by Maxfield Research in the summer of 20The study would revise all pre- viously completed data, including demographics, economics, market conditions, housing demand, rec- ommendations, etc. Based on the updated findings the housing study would determine the market po- tential for developing additional housing products in Elk River. We would provide detailed recommen- dations (number of units/lots; unit mix and sizes; price/rent; housing featu the housing types identified as being needed in the short- and long-term. Along with the proposal is a statement of qualifications for ourk- ground, outlines our services and representative clients, and pr would be conducting the housing study. The work program for this housing market needs analysis is outlined on the following pages. The total fee for staff time for the analysis would be $12,500.00, including expenses for outside data purchases, postage, printing, photocopying, long distance telephone, travel, etc. Costs are presented for each ma- jor component of the work program. Maxfield Research Inc. would be able to deliver a draft report o the housing analysis in approximately 90 to 120 days. We welcome the opportunity to work with you on this project. Ifv- al, please sign and return one copy of the contract. Please cal proposed work program or if you need any other information. I can also be reached via email at mmullins@maxfieldresearch.com. Sincerely, MAXFIELD RESEARCH INC. Matt Mullins Vice President & Business Development (main) 612-338-0012 (fax) 612-904-7979 1221 Nicollet Mall, Suite 218, Minneapolis, MN 55403 www.maxfieldresearch.com