8J Consent 2010 0621 - Laserfiche WebLink

Home

EXHIBIT B COMPENSATION SCHEDULE Consultant shall bill Agency on a quarterly basis for services rendered on billing rates based on actual hours or unit costs applied towards services as described below: Cost Per Genera/ Program Development and Advancement Hours Hour fee Total Cost Category Continued program design and structure review FTHB & IHOP, recommend acti~ 5 $160.00 $800 Document and collateral material design, standardization and production FTHB & IHOP -director level 5 $160.00 $800 Document and collateral material design, standardization and production FTHB & IHOP -staff support 5 $60.00 $300 Gross projected costs for one time expenses $1,900 Genera/ Program Admfnistratlon (not to exceed amounts) Ongoing Program administrative activities and support Annual monitoring of IHOP/FTHB units 70 units @ $175 per unit fee Ongoing professional community/sector support and activities Gross projected costs for program administration (annual) Deliverables (cost wi// vary based on units delivered) Seminars Workshops professional sector Post purchase workshop Homebuyer counseling for IHOP and FTHB Administrative fee for sales IHOP transactions -new sales and resales Underwriting and administrative fees for FTHB Program - 1.5% of funding Refinance of IHOP and/or FTHB loans Gross projected costs for deliverables (annual) BMRs Sa/es and Resa/es Charge billed to and incurred by seller GROSS PROJECTED ADMINISTRATIVE COSTS per qtr $2,500 $10,000 per qtr $3,063 $12,250 per qtr $1,750 $7,000 $7,313 $29,250 Total Projected Cost Per Units Per Unit Cost Category 2 $2,500 $5,000 1 $750 $750 1 $1,500 $1,500 30 $125 $3,750 3 $500 $1,500 1.50% $250,000 $3,750 5 $500 $2,500 $18,750 Total Projected Cost Psr Units Per Unit Cost Category 3.00% of sales price $49,900 Costs will vary based on the number of units delivered -which is unknown at this time if activity is greater than anticipated the amount under the contract could exceed the budgeted amount The costs incurred through the resale of IHOP units will be paid by the seller; however, certain circumstances (such as a default on the unit) may require that the City to be responsible for paying fees associated with the sale of the unit Non-City Potential Fees The fees depicted below maybe earned by BAHBA and it's Administrative Arm First Home, inc. through the representation of sa/es and financing of homeowners who mayor may not be utilizing the City's IHOP or FTHB Programs. All Program participants are and will be encouraged to utilize their own preferred lender and/or real estate agent and are under no obligation to utilize the real estate sa/es and financing services offered through First Home, inc. and its affiliates. Financing re/aced fees Points charged for loans range from 0.75% to 1.5% First and subordinate loan (excluding FTHB loan) processing fee will not exceed $500 depending on the complexity of the transaction File administrative fees for the first loan and subordinate fee (excluding City loan) will not exceed $1,000. depending on the complexity of the file Buyer and Seller real estate sa/es representation " All FTHB (non IHOP) buyer transactions represented by FHI or its affiliates will be paid and based upon the customary compensation industry standard in the region. Normally paid by the seller and ranging from 2.5% to 3.0% of the purchase price Consulting Services Agreement between July 1, 2010 RDA of the City of San Leandro and BAHBA --Exhibit B Page 1 of 1