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2 <br /> <br /> <br />Compensation <br /> <br />1. Fixed Rate Transaction Fees (Competitive and Negotiated) <br />The compensation schedule for competitive and negotiated sales of long-term <br />financings will be billed at closing as follows: <br />Par Amount CFD/Land Secured LRBs/COPs Water/Sewer Revenue <br />Bonds <br />0 - $5M $45,000 $50,000 $50,000 <br />$5M - $15M $50,000 $60,000 $60,000 <br />$15M - $65M $55,000 $65,000 $65,000 <br />$65M – $100M $60,000 $65,000 $65,000 <br />$100M+ $65,000 $70,000 $70,000 <br /> <br />2. Hourly Project Fees (Non-Transaction Related) <br />Consultant will not charge for general advice between financings. In the event the <br />City requests that Consultant perform significant special projects (capital planning, creation of <br />new financing programs like the installment sale concept, etc.), fees will be negotiated in <br />advance of the project generally based upon the following hourly rates for the indicated levels <br />of experience of experience or their equivalents will apply. Additionally, in the event a <br />financing is started, but cancelled at the City’s request, accrued time will be billed as follows: <br />Experience Level Hourly Rate <br />Managing Director $400 <br />Director $400 <br />Senior Managing Consultant $375 <br />Senior Analyst $325 <br />Analyst $325 <br /> <br />3. Reimbursable Expenses <br />In addition to our fees, we would expect to be reimbursed for our out-of-pocket <br />expenses, including travel, mileage, parking, meals, etc. Appropriate expense documentation <br />and third-party receipts would be provided upon request with each invoice. The annual cap for <br />expenses is $1,500. <br /> <br />Docusign Envelope ID: 458D6D02-0D6B-8C4E-8292-D706A4D93B4D