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Professional Fees <br />Fees related to the scope of work for this project include all expenses and will be broken down by phase as follows: <br />Phase One: During Phase One of this project City of Elk River will compensate Front Burner Sports and Entertainment at a monthly rate of <br />$6,000 for a period of four months for a total Phase One sum not to exceed $24,000. Should work on this phase be completed early and to the <br />satisfaction of both parties, compensation will move immediately to the Phase Two compensation plan as detailed below. <br />Phase Two: During Phase Two of this project City of Elk River will compensate Front Burner Sports and Entertainment at a monthly rate of <br />$3,000. In addition to this monthly rate, the City of Elk River will also pay a 10% commission on the lifetime value of sold sponsorship programs <br />with the total Phase Two compensation (monthly fee plus commission) not to exceed $135,000. <br />Fee Summary: <br />Phase One: $6,000 per month not to exceed $24,000 <br />Phase Two: $3,000 per month plus commission not to exceed $135,000 <br />