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Springsted <br /> Urban and Rural District Tax Rate Phase-In Analysis <br /> Pequot Lakes, Minnesota <br /> Work Plan March 2013 <br /> Objective(s) <br /> To analyze a phase-in of the current rural tax rate to that of the urban tax rate over a multi-year phase in <br /> period and outline the impact to various tax payers. An additional option will be provided to review <br /> current service levels within the City that may warrant a different tax rate for the urban and rural <br /> districts. <br /> Deliverables: <br /> • Memo outlining the tax rate phase in period and the impact on residential properties of varying <br /> values <br /> Compensation <br /> We propose to complete the analysis as described in this work plan at our hourly rates indicated below, <br /> with a fee not to exceed$1,500. <br /> Title Rate <br /> Principal& Senior Officer $220 <br /> Officer&Project Manager $190 <br /> Senior Associate $155 <br /> Associate $145 <br /> Support Staff $65 <br /> Option 1 <br /> Should the City wish to further evaluate if there should be a tax rate differential between the urban and <br /> rural service districts within the City, Springsted proposes to meet with City department heads to <br /> determine any service rate differential and prepare recommended urban and rural tax rates. Because this <br /> option would require visits with City staff and a review of the urban and rural districts, additional time <br /> and expense would result in a proposed fee of$7,500 for this option. <br /> However, should the City wish to analyze the services provided to the rural and urban service districts <br /> independently and provide Springsted with the costs related to each district, we will provide a <br /> recommended urban and rural tax rate and multi-year phase-in for an additional $1,000(above the$1,500 <br /> option). <br />