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CHERRY <br />BEI(AFRTB. <br />HOLLAND <br />CERTIFIED PUBLIC <br />ACCOUNTANTS <br />July 17, 1991 <br />BooK 13 <br />Mr. Bob Joyce <br />Lee County Water Department <br />P. O. Box 1968 <br />Sanford, North Carolina 27331-1968 <br />Re: FBA/Golden Poultry water rates <br />Dear Bob: <br />The purpose of this letter is to outline the fee arrangement <br />for services to be provided to Lee County in connection with <br />certain contractual arrangements between the County and Floyd <br />Brown & Associates, and the County and Golden Poultry. These <br />contractual arrangements make provision for water rate <br />adjustments to Lee County and in turn to Golden Poultry. <br />The timing, extent and scope of the services ultimately to be <br />provided is not fully known at the present time. It is <br />envisioned that initially the services shall consist <br />principally of -consultation with other interested parties, <br />Commissioners and County officials. A possible additional <br />service would be an examination of the books and records of <br />Floyd Brown & Associates and their supporting documentation <br />justifying any requested rate increase. Further, assistance <br />in preparation of the request under the contract with Golden <br />Poultry for a rate increase by the County may also be <br />requested. <br />f, .r <br />our fees for these services will be based on the actual time <br />spent at hourly billing rates set forth below, plus travel and <br />out of pocket costs. <br />Hourly billing rates: <br />Engagement Partner ............................$75 <br />Manager .......................................$65 <br />Supervisor ....................................$55 <br />Senior ........................................$48 <br />Staff .........................................$36 <br />Support and clerical ..........................$18 <br />2450 Village Drive, Suite 201, P.O. Drawer 47, Fayetteville, North Carolina 28302-0047. 919/483-7131 <br />Offices throughout the Southeast - Represented internationally through Summit International Associates, Inc. <br />