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<br />3140 Del Webb Avenue NE <br />Salem, OR 97303-4165 <br />503-588-2424 Fax 588-0209 <br />E-mail: cherriots.org <br />May 21, 1998 <br />Ci~17.P,~''~LD~ <br />LETTER OF AGREEMII~TT <br />~ <br /> <br />RE: Definition of terms, Courthouse Square contract between Sa1em Transit District, <br />Marion County, and Arbuckle Costic Architects <br />The contract documents between the District, the County, and the project architect state that <br />payment to the architect shall be "not more than 6% of hard costs." Hard costs aze further <br />defined, within the documents, as "hard construction cost (labor and materials and general <br />contractor's overhead and profit)." <br />In the parlance of the Federal Transit Administration, the hard cost as defined within the <br />District/Architect contract documents is more commonly refened to as "price." <br />For the purposes of the District's agreement with the architect, and in all subsequent <br />dealings on the Courthouse Square project between the District, the architect, and the <br />Federal Transit Administration, the parties agree the project's "price," the project's "hard <br />costs" and "hard construction cost," sha11 have the same meaning and effect, to wit: the <br />general contractor's labor, materials, overhead, and profit. ~ '' <br />FOR TI~ DISTRICT: <br />FOR MARION COUNTY: <br />FOR ARBUCKLE COSTIC ARCHITECTS: <br />John!, 'ttington, Project Coordinator <br />