Agmt08 Enright and Company, Inc.

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EXHIBIT "A" SCOPE OF SERVICES Itemized List of what Consultant will do for City and at what price and schedule. This letter is a proposal ro provide an appraisal of an approximate 4.32-acre, unimproved industrial site located at 1402 Maple Street, in Redwood City, California (referenced as San Mateo County Assessor Parcel Number 052- 392 -170). '!he specific scope of our service would be to initially report a verbal market value conclusion regarding the fee simple interest in the property. by November 14, 2008 (the "first phase" of this assignment). Subsequently, and only fallowing your expressed instructions, we would present our conclusions in a restricted report format by November 17, 2008, and in a summary report format by December 15, 2008 (the "r,ccond phase' of the assignment). This assignment would be completed npleted in conformance with the requirements of the Code of Professional Ethics and the Standards of Professional Appraisal Practice of the Appraisal Institute, as well as the U n iforrn Standards of Professional Appraisal Practice of the Appraisal Foundation. The intended users of our appraisal would be the Sarni-Regis Group of Northern California, L.P., and the City of Redwood City. The intended use is fax a potential purchase of the property. The results of our work should not be used by any onset parties for any reason. To commence work on. this assignment, we would require: 1. A preliminary title report regarding the per; 2. An Al .TA Aurvey or plot plan identifying the site if available); 3. Any well reports r x environmental reports in your possession; 4. A contact for inspection purposes; A retainer in the amount identified below; 6. And any other information which yc>u have which you believe would be useful in apprsising the pry -'• Your assistance in providing the above material is necessary order for us to complete our appraisal in a timely manner, Assuming that we are engaged far this assignment by November 7, 2008, we will attempt to meet the deadlines identified on the first page of this agreement. Our fee for the fast phase of this assignment is $7,500, plus any incidental expenses such as document preparation and copy charges, travel, photographs or renderings, special deliveries, or the hire. Our fee for the second phase of this assignment is /12,500, plus expenses. if additional consultation services art required after the delivery of our verbal or wz%ttxn conclusions, those will be charged on a time and expense bads, My billing rate is $275.00 per hour, that of staff appraisers is $150100 per hour, and that of research associates and administrative staff is $100.00 pet hour. We require a :fined letter of authorization and a retainer in order to commit to the terms of this went_ We furthermore reserve the right to revise the term of this proposal if not engaged for this assignment by j.(Xlpm, Friday, November 7, 2008, Agreement under $10K 4 City Attomey Approved Version 111803