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• <br /> Total Professional Service Fee <br /> $2,500 <br /> Economic Development Consulting Services <br /> General Provisions <br /> Payment Schedule <br /> 1/2 Payment due upon initiation of project <br /> 1/2 Payment due upon completion of project, February 11, 2003. <br /> Invoices are payable upon receipt <br /> Expenses for travel, lodging and related items will be billed in addition and <br /> shown separately on Duckor & Associates, Inc. invoice. <br /> Duckor &Associates,Inc.work will be a best effort and it is expected that the <br /> results will meet the objectives sought. The recommendations and the written <br /> material we provide will be our best judgment based on the information <br /> • available to us. In any event,Duckor&Associates,Inc. assumes no liability for <br /> this project. <br /> This offer shall remain open for a period of 30 days from the date of letter, <br /> unless extended in writing. <br /> Acceptance <br /> I appreciate the opportunity to work with you on this important assignment. <br /> Please sign and return the enclosed copy of this proposal to authorize the <br /> agreed to work. <br /> Presented by Accepted by <br /> Duckor & Associates, Inc. City of Elk River <br /> By: Anita S. Duckor By: <br /> President Title <br /> Date: <br /> Duckor&Associates,Inc. <br /> A BluePrint for Your Success . . .Today and Tomorrow <br />