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Mr. Paul W. Deichmann, P.E. <br />July 25, 2001 <br />Page 3 <br />COMPENSATION <br />Compensation for the professional services outlined in the Scope of Services is normally on the basis <br />of a Lump Sum Fee of Six Thousand Nine Hundred SLery Dollars ($6,960.00). Payment is due <br />within thirty (30) days of the date of invoice. All sums which remain unpaid, in whole or in part, <br />beyond thirty (30) days after date of invoice shall bear interest at a rate of two per cent (2%) per <br />month until paid in full. <br />We appreciate your consideration of Traff-Pro Consultants, Inc. for this assignment and are in <br />position to begin work promptly upon your acceptance of this proposal. Please provide us with <br />written authorization to proceed with the design services at your earliest convenience. If you have <br />any questions or need additional information, please do not hesitate to call. <br />Very truly yours, <br />TRAFF-PRO CONSULTANTS, INC. <br />.. <br />Michael W. Schweickart, P.E., P.T.O.E. <br />Vice President - Engineering <br />cc: Mr. Frank C. Orlando <br />C:\ WINDO W S\Desktop\Proposals\NorthOlmstedpr02.wpd