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<br />Ms. Catherine Mehelich <br />November 20, 2006 <br />Page 5 <br /> <br />The results of our work will be documented in a final report designed to meet client needs. The <br />report will contain appropriate graphics and explanations of our principal findings, conclusions <br />and recommendations. <br /> <br />MEETINGS <br /> <br />Four meetings are planned during the course of the engagement to keep the client informed of <br />research results and findings. These meetings include the following: <br /> <br />+ Start-Up Meeting will be held at the beginning of the engagement. The purpose of this <br />meeting will be to finalize research objectives for the engagement and obtain client- <br />provided information. Additional research objectives can be incorporated in the work <br />program, if desired, at this meeting. <br /> <br />+ Progress Meeting to review results of retail and business park/industrial market research <br />including site evaluation, competitive, market areas, historic absorption and trade area <br />demographics. <br /> <br />+ Progress Meeting to review all previous tasks, supportable retail space, industrial <br />potential and preliminary recommendations. <br /> <br />+ Final Report Meeting will cover all aspects of the research assignment including <br />presentation of a draft final report. <br /> <br />The budget provides for four client meetings as described above. The budget includes 18 hours <br />of meeting time. Additional meetings will be billed at our normal hourly rates plus expenses. <br /> <br />QUALIFICATIONS AND EXPERIENCE <br /> <br />McComb Group, Ltd. is a full-service retail and real estate consulting firm specializing in market <br />research and financial feasibility. The firm has extensive experience in retail and business <br />park/industrial development. <br /> <br />Maus Group will participate in the industrial work tasks. Bruce Maus, President, is <br />knowledgeable about industrial locations and opportunities in the northwest Metro Area <br />including Anoka and Sherburne Counties. Information on Maus Group is attached. Maus Group <br />will be a subcontractor to McComb Group. <br /> <br />McComb Group, Ltd. has a team that is qualified to conduct the research described in this <br />proposal. McComb Group's professional staff associated with this engagement includes the <br />following: <br /> <br />+ James B. McComb, President, founded the predecessor of McComb Group in 1974 <br />following six years as a member of the corporate staff with Dayton Hudson Corporation. <br />His experiences at Dayton Hudson and daily association with merchants and shopping <br />center developers provided the impetus for McComb Group's approach to shopping <br />center and retail market research and financial feasibility, which includes strong elements <br />