TERZO & BOLOGNA - Carmel Downtown Land - Two Lot AppraisalsNOV -22 -2004 NON 09:12 AM TERZO & BOLOGNA INC,
1 .ER2' O.
lied Elate Counseices BOLOGNIANC
and Appraisals '
M. Brad Beerbower, MAI
Raymond V. Bologna, CRE, MAI
Kevin J. Hartman, MAI
Brenda D. Makarov, MAI
Frederick C. Terzo, CRE, MAI, AICP
October 25, 2004
Mr, Les S. Olds
Carmel Redevelopment Commission
One Civic Square
Carmel, IN 46032
Re: Carmel Downtown Land
Two Lot Appraisals
Carmel, IN
Dear Mr. Olds:
FAX N0. 317 849 9978 P. 02
8606 Allisonville Road, Suite 205
Indianapolis, IN 46250
telephone: (317) 849 -9925
FAX (317) 849.9978
www.terzo.com
TRANSMIT VIA FACSIMILE
This letter will confirm your verbal engagement of our firm for appraisal
services. Our understanding of the assignment and terms of engagement are in
the attached summary: "Description of Property and Scope of Assignment
(0312) ". Please review the document and notify us immediately if it does not
accurately depict your understanding of the assignment and conditions. If you
agree with the scope of the assignment, please sign the attached page and fax it
back to us as a notice to proceed,
Thank you for selecting Terzo & Bologna, Inc.
Very truly yours,
Kevin J. Hartman, MAI
for Terzo & 13ologna., Inc.
OFFICES TN: Indianapolis, Indiana - Detroit, Michigan
(- 1
NOV -22 -2004 MON 09:12 AM TERZO & BOLOGNA INC. FAX NO. 317 849 9978
DESCRIPTION OF PROPERTY AND SCOPE OF ASSIGNMENT (0312)
This summary details the Consultant's understanding of the Property as described at
the onset of the assignment and sets forth the agreed upon scope of work upon which
the time and fee estimates are based. Consultant reserves the right to modify the fee or
timing of report delivery in the event the Property description proves to be inaccurate,
or the scope of work changes to the extent that any inaccuracy or change affects the
amount of work to be performed or the cost of providing the service to the Client.
Date: October 25, 2004
Consultant:
Terzo & Bologna, Inc,
8606 Allisonville Road, Suite 205
Indianapolis, IN 46250
Telephone: (317) 849 -9925
Fax: (317) 849 -9978
Email: klh @terzo.com
Property: Carmel Downtown Land
Two Vacant Lots
SEQ Main Street & Rangeline Road
Carmel, Indiana
Scope of Work:
Fee:
Anticipated Delivery:
Special Client Requirements:
Copies of report to be provided: Two
MAI to Sign: Yes
P. 03
Client:
Mr. Les S. Olds
Director of Redevelopment
Carmel Redevelopment Commission
One Civic Square
Carmel, IN 46032
Telephone: 317.571.2492
Fax: 31.7.844.3498
Email: lolds@ci.carmel.in..utivww.terzo.com
Complete self- contained appraisal
$3,000 ($1,500 per appraisal)
Within one week from notice to proceed
Need ASAP
t]G- BOLOGNA INC. Real Estate Counselors and Appr ixrs
Aar /21
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