Agmt 2012 Bay Area Homebuyer Agency (2)

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• EXHIBIT B COMPENSATION SCHEDULE Consultant shall bill City 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 General Program Development and Advancement Hours Hour foe Total Cost Category Continued program design and structure review FTHB & BMR 2 $160.00 5320 Document and collateral material design, standardization and production FTHB & BMR - staff support 2 $60.00 $120 • Gross projected costs for one time expenses $440 General Program Administration (not to exceed amounts) Ongoing Program administrative activities and support per qtr $1,500 56,000 Ongoing professional community /sector support and activities per qtr 5500 52,000 Gross projected costs for program administration (annual) 52,000 58,000 Total Projected Cost Por Deliverables (cost will vary based on units delivered) Units Per Unit Cost Category Seminars 2 52,500 55,000 Post purchase workshop 1 $2.000 52,000 Annual monitoring of BMR /FTHB units lee divided and paid quarterly 60 $ 175 $10,500 Homebuyer counseling for 8MR and open market purchases 25 $ 125 53,125 • Administrative fee for sales BMR transactions - new sales and resales 3 $500 51,500 . • Refinance of BMR and/or FTHB loans 5 $500 $2,500 Gross projected costs for deliverables (annual) 524,625 Total Projected Cost Per BMRs Sales and Resales Units Per Unit Cost Category • •• Charge billed to and incurred by seller 3.00% of sales price GROSS PROJECTED ADMINISTRATIVE COSTS 533,065 • 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 BMR units will be paid by the seller; however, certain circumstances (such as a default on the unit) may in quire that the City to be responsible for paying fees associated with the sale of the unit Non -City Potential Fees The fees depicted below may be earned by BAHBA and it's Administrative Arm First Home, Inc. through the representation of sales and financing of homeowners who may or may not be utilizing the City's BMR 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 sales and financing services offered through First Home, Inc. and its affiliates. Financing related fees • Points charged for loans range from 0.75% to 2.5% • 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 51,000. depending on the complexity of the file 8 uyer and Seller real estate sales representation • All FTHB (non BMR) 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, 2012 City of San Leandro and BAHBA -- Exhibit B Page 1 of 1