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EXHIBIT B <br />COMPENSATION SCHEDULE <br />FIXED FEE SERVICES <br />Financial advisory services in connection with the issuance of debt will be paid as a <br />fixed fee, contingent on the successful closing of the bonds and payable from bond <br />proceeds, per the following schedule: <br />Pension Obligation Bonds <br />$50,000 <br />Certificates of Participation /Revenue Bonds <$25 million - $40,000 <br />$25 million to $50 million - $55,000 <br />>$50 million - $ 75,000 <br />Community FacilitylAssessment District Bonds <$10 million par - $ 25,000 <br />>$10 million par - $45,000 <br />For other types of transactions or transactions of unusual complexity or duration, <br />appropriate fees may be negotiated individually. <br />HOURLY RATE SERVICES <br />For financial advisory services not related to debt issuance, the following hourly rates <br />will apply: <br />Managing Director $325 <br />Senior Managing Consultant $275 <br />Consultant $225 <br />EXPENSES <br />PFM will be reimbursed for reasonable expenses, including but not limited to, travel, <br />postage /express mail services, telephone, copying, etc., presented with documentation <br />and third party receipts. <br />Consulting Services Agreement between effective July 15, 2011 <br />City of San Leandro and Public Financial Management, Inc. -- Exhibit A Page 1 of 1 <br />