Agmt 2017 Bay Area Affordable Homeownership Alliance BAAHA 3279

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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: City of San Leandro i Bay Area Affordable Homeownership Alliance(BAAHA) tldF+i� Homebuyer Program Administrative Budget - July 1,2017 through June 30,2018 Cost Per Hours Hour Fee Total Cost Category General Program Development and Advancement Continued program design and structure review FTHB&BMR 0 $160.00 $0 Document and collateral material design standardization and production FTHB&BMR- staff support 0 $60.00 $0 Gross projected costs for on time expenses $0 General Program Administration(not to exceed amounts) Ongoing Program administration activities and support per qtr $1,500 $6,000 Ongoing professional community sector support and activities per qtr $500 $2,000 Gross projected costs for program administration(annual) $2,000 $8,000 Tota I Projected Cost Per Deliverables(cost will vary based on units delivered) Units Per Unit Cost Category Seminars 2 $2,500 $5,000 Post purchase workshop 1 $1,500 $1,500 Homebuyer Programs introductory workshop 1 $1,650 $1,650 Annual monitoring of BMR/FTHB units feed divided and paid quarterly 60 $160 $9,600 Homebuyer counseling for BMR and open market purchases 25 $350 $8,750 *1 Administrative fee for sales BMR transactions-new sales and resales/seller paid 2 $0 $0 *2 Refinance of BMR and/or FTHB loans 1 $500 $500 Gross projected costs for deliverables(annual) $27,000 GROSS PROJECTED ADMINISTRATIVE COSTS $35,000 *1 Seller will be responsible for paying $1,250 administration fee to BAAHA. BAAHA will bill escrow directly for payment of fee. *2 Historically,there have been less than two BMR refinances per year. BAHBA will advise the City and may request an adjustment in the billing,if there are more than two BMR units refinanced in the 12 month duration of the budget. Non-City Program Related Potential Transaction Fees All Program participant are and will be encouraged to utilize their own preferred lender an/or real estate agent and are under no obligation to utilize the real estate sales and financing services available through BAHBA and its affiliates.All FTHB(non BMR)buyer transactions represented by BAAHA or its affiliates,will be paid and based upon the customary compensation industry standard in the region. Tota I Projected Cost Per BMR New Sales and Resales Transaction Fees Units Per Unit Cost Category BMR sellers will be required to use a realtor of their choice. All sales fees associated with the BMR sale are paid by the seller. Real estate commissions cannot exceed 5%of the BMR resale price. Real estate commissions are added on to the deed restricted price to establish the grossed up resale price of the Unit 5.00%of sales price Consulting Services Agreement between City of San Leandro and Last revised July 1,2017 BAAHAfor Homebuyer Program—Exhibit B Page 1 of 1