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Wallack Somers Haas/CRC/Letter of Engagement/Legal Services WALLACK aR.z W Mroma S.WALLACE SOMERS GEoara W SOMERS KARL a Ham � & HAAS PC )ESIm, R r wort E.Tom Attorneys at Law Atria L W000a RYAN R.Wurtuuc January 31, 2013 Via First-Class and Electronic Mail Mr. Les Olds Executive Director The City of Carmel Redevelopment Commission 30 W. Main Street, Suite 220 Carmel, Indiana 46032 Re: Engagement Letter-The City of Carmel Redevelopment Commission Dear Les: The purpose of this letter is to contirm the terms and conditions relating to our counseling and representation. The services to be rendered by our firm includeany services authorized by The City of Carmel Redevelopment Commission ("CRC"), the President of CRC, or you, as the Executive Director of CRC (collectively,the°Client),with respect to the same. Legal fees are determined based on the billable time spent by employees of our firm in providing the legal services. When any particular employee works on the Client's legal matter, the fee charged will be determined by multiplying that employee's billing rate times the billable time spent. We agree to provide legal services based on the hourly rates established for the attorneys and other personnel of our firm from time to time. We expect the bulk of our services to be provided by the attorneys, and at the rates, set forth on Schedule 1, attached to this letter. We reserve the right to revise our fee structure periodically upon notifying the Client of any change in our rates or method of compensation. We will also be entitled to reimbursement for costs and expenses incurred in performing services(e.g., messenger and delivery service, computerized research, court costs, filing fees,etc.). Fees and expenses of others will be the Client's responsibility and directly billed to the Client. Fees and expenses will be billed monthly and will be payable in the ordinary course of timely presentation, approval, and processing of the Client's invoices: We reserve the right to postpone or defer providing additional services or to discontinue representation if billed amounts are not paid when due. The Client has the right at any time to terminate our services and representation upon written notice. Any termination shall not, however, relieve the Client from the ob igation to pay for all services rendered and costs or expenses paid or incurred on the Client's behalf prior tc the date of such termination. If the Client fails to pay the amounts due to us under this agreement,the Client accepts responsibility and agrees to pay for reasonable attorneys'fees and other expenses incurred by us n collecting the amounts due. We may also terminate our legal services and representation if: One Indiana Square, Suite 2300 Indianapolis, Indiana 46204 Tel: 317.231.9000 www.WSHLaw.com Fax: 317.231.9900 Mr. Les Olds Page 2 January 31, 2013 (a) we discover any conflict of interest; (b) the Client fails to pay, when due, any amourts required to be paid under this agreement; (c) we discover the Client has made a misrepresentation in connection with any matter we are handling for the Client, or we discover any material variance between the facts as related to us by the Client and the facts as they actually exist; or (d) the Client fails to heed our advice or recommendations or otherwise does not cooperate with us in our representation of the Client. If the foregoing correctly reflects the Client's understanding of our representation, please sign, date and return the enclosed copy of this letter. This letter is confidential to the Client and may not be relied upon by any other party. Very truly yours, WALLPCK SOMER , P.C. i/ane 'a P. Haas AGREED TO AND ACCEPTED this / day of ciu , 2013 tHE CITY OF CARMEL REDEVELOPMENT COMMISSION By: -� Les Olds, xecutive Director Mr. Les Olds Page 3 January 31, 2013 SCHEDULE I Attorney Billable Rate Karl P. Haas $347.50/hour Jennifer R. Shoup $347.50/hour Alexa L. Woods $347.50/hour Ryan R. Wilmering $217.50/hour