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Mr. Brett Twardy <br /> WaterNVastewater Supervisor <br /> Re: Proposal and Letter Agreement Between Owner and Engineer <br /> Rate Study for Water and Wastewater Utilities <br /> City of Pequot Lakes, Minnesota <br /> June 6, 2006 <br /> Page 5of6 <br /> Engineering Fees <br /> AE2S proposes to render the Scope of Services of this Agreement for a lump sum amount of <br /> eleven thousand, nine-hundred and forty dollars ($11,940). <br /> ANTICIPATED <br /> DESCRIPTION FEE <br /> 2007 Rate Study for the Water Utility $ 3,970 <br /> 2007 Rate Study for the Wastewater Utility $ 3,970 <br /> Total for Rate Studies (completed in 2006) _ $ 7,940 <br /> 2008 Rate Planning Assistance - Update to the Water $ 980 <br /> Utility Rate Study <br /> 2008 Rate Planning Assistance - Update to the $ 980 <br /> Wastewater Utility Rate Study <br /> �. 2009 Rate Planning Assistance - Update to the Water $ 1,020 <br /> Utility Rate Study <br /> 2009 Rate Planning Assistance - Update to the $ 1,020 <br /> Wastewater Utility Rate Study <br /> Total for all Rate Studies and Updates = $ 11,940 <br /> Standard Terms and Conditions of this proposal are included as Exhibit A. <br /> Performance Schedule <br /> It is our understanding that the City of Pequot Lakes intends to use the results of the Rate Study <br /> to adjust utility rates, as necessary, effective January 1, 2007. To accommodate the City's <br /> desired schedule, AE2S will present the results of the completed project by September 15, <br /> 2006. <br />