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<br />Consulting Services Agreement between City of San Leandro and Last revised 01/06/2025 <br />Willdan Financial Services for Arbitrage Rebate Services Exhibit B – Page 2 of 3 <br /> <br />Enhanced Service Fees <br />The nature and complexity of each bond issue, the frequency of computation, and the transparency of the <br />transactional data, determines the extent to which the following specialized services will apply: <br /> <br />Arbitrage Services Fee <br />Engagement Fee. One-time fee charged for newly contracted issues. $500 <br />Base Fee. Annual report. $1,250 <br />Base Fee. Installment report. $2,300 <br />Data Analysis in Excess of 12 months. Arbitrage analysis for periods greater <br />than one year will be charged an extra fee for each additional bond year analyzed. <br />$250 per year <br />Yield Restriction Computation. If we determine that a yield reduction payment is <br />due on yield restricted nonpurpose investments, an additional fee will be charged to <br />analyze and determine the yield reduction payment due. <br /> <br />$500 per fund <br />Spending Exception Analysis. The Regulations offer a few exceptions to the <br />arbitrage rebate rules if the proceeds of a bond issue are spent within a specific <br />time frame. <br /> <br />$500 per period <br />Commingled Funds Analysis. Clients providing data with commingled funds will <br />incur an additional charge to uncommingle transactional data. <br />$250 per fund <br />Parity Reserve Allocation. Bonds that have been issued on parity that require an <br />allocation of the reserve fund. <br />$250 per fund <br />Transferred Proceeds Analysis. The regulations require an additional level of <br />analysis for proceeds of Refunding and Refunded bonds. <br />$250 per fund <br />Universal Cap Analysis. The regulations require an additional level of analysis <br />when the balance of bond proceeds exceed the value of the outstanding bonds. <br />$500 per year <br />Non-Bona Fide Debt Service Fund. Our base fee assumes that the Bond Fund, <br />as defined in the bond documents, meets the bona fide debt service fund <br />exemption to <br />rebate. If this fund fails to qualify for this exemption, an additional fee will be <br />charged to analyze the investment activity. <br /> <br />$500 per fund <br />IRS Audit Assistance $200 per hour <br />Request for Refund of Overpayment No Charge <br />Preparation of IRS Form 8038T (Payment) No Charge <br /> <br />Reimbursable Expenses <br />Any additional expense from outside services will be billed to the Client. Charges for meeting and <br />consulting with counsel, the Client, or other parties regarding services not listed in the scope of work above <br />will be at our then-current hourly rates (see “Hourly Rates” section). <br />In the event that a third party requests any documents, WFS may charge such third party for providing said <br />documents in accordance with WFS’ applicable rate schedule. <br /> <br /> <br />Docusign Envelope ID: 19D18A09-CE89-4CD2-B354-FF41C78B7AAD