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WS - C - NaviRetail Proposal

Dated February 20, 2024City Council — work session, February 20, 2024 25 pages

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TIMELINE & PRICING Year 1 Agreement is Signed Both parties have fully executed the agreement. First Payment Once the agreement is signed, Tiffin shall remit $50,000* to NaviRetail. Client Visit NaviRetail will make a trip to Tiffin. Phase 1: Critical Path Method (CPM) & Project Kickoff This will be started immediately. Phase 2: Data Gathering & Collection This will be started immediately. Phase 3: Market Analysis & Mobility Assessment This will be completed 3-4 weeks after Project Kickoff. Phase 4: Combine Reports & Market Findings This will be completed 4-5 weeks after Project Kickoff. Client Visit NaviRetail will make a trip to Tiffin. Phase 5: Community Forum & Business Workshop This will be completed 1-2 months after Project Kickoff, schedules permitting. Phase 6: Retailer Matching & Targeting Strategies This will be completed within 3 months of Project Kickoff. Phase 7: Site Matching & Inventory Assessment This will be completed within 4 months of Project Kickoff. Phase 8: Hotel Monitoring & Feasibility Study (Optional + $8,500) This will be completed within 5 months of Project Kickoff. Phase 9: Action Items & Recommendations This will be completed within 6 months of Project Kickoff. Phase 10: Actual Business Recruitment & Retention We will begin retailer/developer contacting once the retailer match list has been approved by Tiffin. Client Visit NaviRetail will make a trip to Tiffin. *Pricing is valid for sixty (60) days. 19

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