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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 <br />hours or unit costs applied towards services as described below: <br />General Program Development and Advancement <br />Continued program design and structure review FTHB & IH/BMR <br />Documentand collateral material design, standardization and production FTHB <br />& IH/BMR -director level <br />Documentand collateral material design, standardization and production FTHB <br />& IH/BMR -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 />Deliverables (cost will vary based on units delivered) <br />Seminars <br />Workshops profession al sector <br />Post purchase workshop <br />Annual monitoring of IH/BMR/FTHB units <br />HomebuyercounselingforlH/BMR and FTHB <br />" Administrative fee for sales IH/BM R transactions -new sales and resales <br />Underwriting and administrative fees for FTHB Program - 1 .5% of funding <br />` Refinance of IH/BM R and/or FTHB loans <br />Gross projected costs for deliverables (annual) <br />BMRs Sales and Resales <br />*` Charge billed to and incurred by seller <br />GROSS PROJECTED ADMINISTRATIVE COSTS <br />Cost Per <br />Hours Hour fee Total Cost Category <br />5 $160.00 $800 <br />15 $160.00 $2,400 <br />21 $60.00 $1,260 <br />$4,480 <br />per qtr $2,500 $10,000 <br />per qtr $1,750 $7,000 <br /> $4, 250 $17,000 <br /> Total <br /> Projected Cost per <br />Units Per Unit Cost Category <br /> 2 $2,500 $5,000 <br /> 1 $750 $750 <br /> 1 $1,500 $1,500 <br /> 50 $175 $8,750 <br /> 25 $125 $3,125 <br /> 3 $500 $1,500 <br />1.50% $150,000 $2,250 <br /> 1 $500 $500 <br /> $23,375 <br /> Total <br /> Projected Cost Per <br />Units Per Unit Cost Category <br /> 3.00°h of sales price <br />E44,835 <br />` Costs will varybased on the numberof units delrvered -which is unknown at this time if activity is greater than anticipated the <br />a mountunder the contract could exceed the budgeted amount <br />•+ The costs incurred through the resale of IH/BMR units will 6e paid by the seller; however, certain circumstances (such as a default <br />on the unit) may require that the City to be responsible for paying fees associated with the sale of the unit <br />Nonce ity Potential Fees <br />The fees depicted below may be earned by BAHBA and it's Administrative Arm First Home, Inc, through fhe representation <br />of sales and financing of homeowners who mayor may not be utilizing the City's /H/BMR or FTHB Programs, All Program <br />participants are and will be encouraged to utilize their own preferred lender and/or real estate agent and are under no <br />obligation to utilize the real estate sales and financing services offered through First 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 (excuding FTHB loan) processing fee will not <br />exceed $500 depending on the complexity of the transaction <br />File administrative fees forthe first loan and subordinate fee (excluding City <br />loan) will not exceed $1,000. depending on the complexity of the file <br />Buyerand Seller re a/ estate sales representation <br />" All FTHB (non IHIBMR) buyer transactions repn=_sented by FHI orits <br />affiliates will be paid and based upon the customary compensation industry <br />standard in the region. Normally paid by the seller and ranging from 2.5% to <br />3.0% of the purchase price <br />Consulting Services Agreement between July 1, 2009 <br />RDA of the City of San Leandro and BAHBA --Exhibit B Page 1 of 1 <br />