2012-185 Finance - Ferrell Firm PC Deck Closing $10,000

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environmental reports it deems necessary prior to closing. We will not undertake any work related to the environmental conditions of the Eno Deck Property unless you request in writing that we do so, I also understand the County will rely,on existing recorded surveys of tile Property and will not commission new survey work. A new survey would show any recent encumbrances that are generally not discoverable through a title search and we recominend new surveys be commissioned for commercial transactions such as th is one. Closin | will review the deed for the Eno Deck Property prepared by the Company's attorney and lwill prepare the deeds from the County as Seller to the Company as Buyer for properties having County PONe9874-06-6435 and 8874'O6'5497 (the "N.Chudon Street P,u ° l will also work with the Company's attorney to address any title or other issues that may arise related to the N. Churton Street Properties. l will prepare a closing statement, in accordance with the Mediated Settlement Agreement between the County and tile Company, tubc executed 6v the parties mt the closing. Ferrell Firm, 9.[has not participated in tile negotiations leading up to the Agreement, nor have we participated in the drafting mf the Agreement. Tile County agrees tm wire all closing funds and attorney's fees into my trust account prior tothe p|uoin8. \ will make every effort to provide the parties with a draft of the closing statement no less than 24 hours prior to the closing date. Following the closing, | will update title and record the deeds otdle office of the Register of Deeds and prepare a final title opinion for the Eno Deck Property. Ferrell Firm, P.C. will charge you for work performed oil this matter at our normal hourly rates. The hourly rate for the title abstractor is $75.00 per hour. The rate for work performed by Brian Ferrell is $200`00 per hour and the rate for work performed b* Claire Sau|uis$|65.U8 per hour. Our fees for the work outlined herein will not exceed ${n,000.DU` P|cuae note that the County will be responsible for any costs of survey, environmental reports, insurance premiums, tax stamps, recording fees, etc. In the event the County requires representation prior to doming, or if additional |cgal work not referenced in this letter becomes necessary, then we will perform such work uz your request ut our normal hourly rates. Please understand that Ferrell Pinn must charge for all work performed even if this transaction Eui|y for any reason. p/eauu do not hesitate to contact me with any questions or 00000,na regarding this |ettor. If acceptable, please have this letter nf agreement executed and return signed forward tovorkn�With Ynubc«hon/hiatrunsumtinnonbohu|fofdhu(oun�. ton9of�cc. l |wmk 8 MI