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Mayor and Members of City Council <br />City* of La Porte, Texas <br />Page 2 <br />We estimate that our fee for these services to be $5,000. The fee estimate is based on anticipated <br />cooperation from your personnel and the assumption that unexpected circumstances will not be <br />encountered during the engagement. If significant additional time is necessaiv, we will discuss it with <br />you and arrive at a new fee estimate before we incur the additional costs. Our invoices for these services <br />will be rendered each month as work progresses and are payable on presentation. In accordance with our <br />firm policies, work may be suspended if your account becomes 90 days or more overdue and will not be <br />resumed until your account balance is paid in full. If we elect to terminate our services for nonpayment, <br />our engagement will be deemed to have been completed upon written notification of termination even if <br />we have not completed our report. You will be obligated to compensate us for all time expended through <br />the date of termination. <br />We appreciate the opportunity* to be of seivice to City of La Porte, Texas and believe this letter accurately* <br />summarizes the significant terms of our engagement. If you have any questions, please let us know. If you <br />agree with the terms of our engagement as described in this letter, please sign the enclosed copy* and <br />return it to us. If the need for additional procedures arises, our engagement with you will need to be <br />revised. It is customaiv for us to enumerate these revisions in an addendum to this letter. <br />Vein truly yours, <br />ULvni <br />Null Lairson, P.C. <br />Texas City*, Texas <br />RESPONSE: <br />This letter correctly* sets forth the understanding of City of La Porte, Texas. <br />Signature: <br />Title: <br />Date: <br />Title: <br />Date: <br />