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EXHIBIT B <br />COMPENSATION SCHEDULE <br />Consultant shall bill Agency on a quarterly basis for services rendered on billing rates based on actual hours or unit <br />costs applied towards services as described below: <br />General Program Development and Advancement <br />Continued program design and structure review FTHB 8 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 />& IHOP -staff support <br />Gross projected costs for one time expenses <br />General Program Administration (not 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 />Cost Per <br />Hours Hour fee Total Cosl Category <br />15 $160.00 $2,400 <br />25 $160.OD $4,000 <br />4D $60.00 $2,400 <br />$8,800 <br />per qtr $2,500 $10,000 <br />per qtr $1,750 $7,000 <br />$17,000 <br /> Total <br /> Projected Cost Per <br />Deliverables (cost will vary based on units delivered) Units Per unit cost category <br />Seminars 2 $1,500 $3,000 <br />Workshops professional sector 1 $750 $750 <br />Post purchase workshop 1 $1,500 $1,500 <br />Annual morntoring of IHOP/FTHB units 47 $150 $7,050 <br />Homebuyer counseling for IHOP and FTHB 25 $100 $2,500 <br />* Administrative fee for sales IHOP transactions -new sales and resales 3 $500 $1,500 <br />Underwritin and administrative fees for FTHB Pro ram - 1.5% of fundin 1.50% $300,000 $4,500 <br />Refinance of IHOP and/or FTHB loans 1 $500 $500 <br />Gross projected costs for deliverables (annual) $21,300 <br /> Total <br /> Projected Cost Per <br />IHOP Sales and Resales Units Per Unit Coat Category <br />Charge billed to and incurred by seller 3.00% of sales price <br />GROSS PROJECTED ADMINISTRATIVE COSTS 647,100 <br />Costs will vary based on the number of units delivered -which is unknown at this time d activity is greater than anticipated <br />the amount under the contract could exceed the budgeted amount <br />The costs incurred through the resale of IHOP units will be paid by the seller; however, certain circumstances (such as a <br />default on the unit) may require that the City to be responsible for paying fees associated with the sale of the unit <br />Non-City Potential Fees <br />The fees depicted below may be earned by BAHBA and it's administrative arm First Home, inc. through the <br />representation of sales and financing of homeowners who may or may not be utilizing the City's IHOP or FTHB <br />Programs. All Program participants are and will be encouraged to utilize their own preferred lender and/or real <br />estate agent and are under no obligation to utilize the real estate 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 $500 depending on the complexity of the transaction <br />File administrative fees for the frst loan and subordinate fee (excluding City <br />loan) will not exceed $1,D00- depending on the complexity of the file <br />Buyer and Seller real estate sales representation <br />` All FTHB (non IHOP) buyer transactions represented by FHI or its affiliates <br />will 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 />873095-1 <br />