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Mr. Michael Church <br />November 9, 1999 <br />Page Three <br /> <br />Please note the above fees are based upon the assumption that we are awarded all of the assignments <br />within each project and can complete them simultaneously. Travel and expenses are included in these <br />fee estimates. However, these fee estimates are exclusive of any time which may be incurred for review <br />of opposing appraisal reports, court preparation and/or testimony. These fees are billed at the <br />appropriate hourly rates. DM&A bills progressively as the engagement proceeds and invoices are <br />payable upon receipt. <br /> <br />If you have any questions regarding this proposal, please do not hesitate to contact me. Thank you for <br />your continued consideration of Desmond, Marcello & Amster for your valuation requirements. <br /> <br />Sincerely, <br />DEE~~, C~~ND, MARCE LO A TER <br />A~on D. A~nste~, ,~SA'~ ~ <br />President <br /> <br />ADA/dkp <br /> <br />deborah\winword\aaron\proposal\chu I 1-99.doc <br /> <br /> <br />