Laserfiche WebLink
EXHIBIT B <br />COMPENSATION SCHEDULE <br />Consultant shall bill Agency on a quarterly basis for services rendered on billing rates based on <br />actual hours or unit costs applied towards services as described below: <br />General Pro gram Deve/opmentandAdvancement <br />Continued program design and structure review FTHB & IHOP <br />Document and collateral material design, standardization and production FTHB <br />& IHOP -director level <br />Document and collateral material design, standardization and production FTHB <br />8 IHOP -staff support <br />Gross projected costs for one time expenses <br />General Program Administration (n of to exceed amounts) <br />Ongoing Program administrative activities and support <br />Ongoing professional community /sector support and activities <br />Gross projected costs for program administration (annual) <br />Deliverables (cost will vary based on units delivered) <br />Seminars <br />Workshops professional sector <br />Post purchase workshop <br />Annual monloring of IHOP/FTHB units <br />Homebuyercounseling for IHOP and FTHB <br />Administrative fee for sales IHOP transactions -new sales and resales <br />` Underwriting and administrative fees for FTHB Program - 1.5% of funding <br />Refinance of IHOP and/or FTHB loans <br />Gross projected costs for degverables (annual) <br />IHOP Sales and Resales <br />"` Charge billed to and incurred by seller <br />GROSS PROJECTED ADMINISTRATIVE COSTS <br />Cost Per <br />Hours Hour fee TotalCosl Category <br />15 $160.00 $2,400 <br />25 $160.00 $4,000 <br />40 $60.00 $2,400 <br />8, 800 <br />per qtr $2,500 $10,000 <br />per qtr $1,750 $7,000 <br />s~~ o00 <br /> Total <br /> Projected Cost Per <br />Units PerUnit Cost Category <br />2 $1,500 $3,000 <br />1 $750 $750 <br />1 $1,500 $1,500 <br />47 $150 $7,050 <br />25 $100 $2,500 <br />3 $500 $1, 500 <br />1.50% $150,000 $2,250 <br />1 $500 $500 <br /> 50 <br /> Total <br /> Protected Cost Par <br />Units PerUnlt Cow Catapory <br /> 3.00% of sales price <br />44 850 <br />Costs will vary based on the numbero(units delivered -which is unknown at this time if activityfs greater than anticipated <br />the amount under the contract could exceed the budgeted amount <br />.. <br />The costs incurred through the resale of IHOP units will be paid by the seller; however, certain circumstances (such as a <br />de(aut on the unit) may require that the Cltyto be responsible for paying fees associated with fhe sale of the unit <br />Non-C ity Potential Fees <br />The fees depicted below may be earned by BAHBA and It's administraBve arm First Home Inc. through the <br />representaSon ofsa/es and financing of homeowners who may or may not be utilizing the City's IHOP or FTHB <br />Programs. All Program participants are and willbe encouraged fo utilize their own preferred lender and/or real <br />estate agentand are under no obligation to utilize the realestate sales and financing services offered through First <br />Home, Inc. and its affiliates. <br />Financing related fees <br />Points charged for loans range from 0.75% to 1.5% <br />First and subordinate loan (excluding FTHB loan) processing fee will not <br />exceed 5500 depending on the complexity of the transaction <br />File administrative fees for the first ban and subordinate fee (excluding City <br />loan)will not exceed $1,000. depending on the complexityof the file <br />Buyer and Seller real estate sales representation <br />AIIFTH6 (non IHOP) buyer transactionsrepresented byFHl orits affiliates <br />wil be paid and based upon the customary compensation industry standard <br />in the region. Normally paid by the seller and ranging from 2.5% to 3.0% of <br />the purchase price <br />Consulting Services Agreement between the Redevelopment Agency of [July 7, 2008] <br />City of San Leandro and Bay Area Homebuyer Agency Page 19 of 20 <br />