Township Council Meeting — Packet

(b) Any and all work performed pursuant to this Agreement shall be performed to acceptable practices, and standards within the industry and to the satisfaction of the Township. 2. CONSIDERATION No retainer for the Professional’s services shall be required. In addition, it is noted that specific properties to be appraised or services to be rendered have not been identified. Individual fees for appraisal and consulting services shall be negotiated and established on an as needed, case by case basis. The following fee ranges are offered for typical appraisal services based on property type. In connection with Tax Appeal litigation appraisal assignments, the proposed charges below represent the initial of first Tax Year charge. Subsequent additional tax years shall reflect a 40% discount for each additional Tax Year which may be required by the Tax Court of New Jersey. Class I Property – Vacant Land Residential, Commercial, Industrial $1,500 - $3,500 Class II – Residential One to Four Family Dwellings $1,500 - $3,500 Class IV – Commercial, Industrial, Apartment (Non Complex) a) Commercial Properties $2,500 - $7,500 b) Industrial Properties $2,500 - $7,500 c) Apartment Properties $2,500 - $7,500 Class IV – Commercial, Industrial, Apartment (Complex) a) Commercial Properties $5,000 - $10,000 b) Industrial Properties $5,000 - $10,000 c) Apartment Properties $5,000 - $10,000 d) Golf Courses-Country Clubs $7,500 - $10,000 Additional Charges – Fees Hourly Rate – Consultation, Preparation, Appearances, Meetings, Conferences, Litigation Support – Mark E. Hendricks $150.00 per hour 2