Res-2019-192 PSA PFM Financial - Laserfiche WebLink

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EXHIBJTB COMPENSATION FOR SERV1CES 1. Fixed Rate Transaction Fees (Competitive and Negotiated) The compensation schedule for competitive and negotiated sales of long-term financings will be billed at closing as follows: For financing up to $20 million: For fin:rncing up to $75 million: $1.50 per $1,000, with a $20,000 minimum $30,000 plus $0.75 per $1,000 over $20 million Interim financing or bank placements may be subject to a reduced fee, based on the specific services required. Should a financing be commenced but not completed for any reason, PFM will be compensated for services provided, based on the hourly rates stated below, which in no case will exceed 75% of the Financing Services fee set forth above. 2. Hourly Project Fees (Non-Transaction 'Related) In the event the Client requests that PFM perform significant special projects (capital planning, creation of new financing programs like the installment sale concept, etc.), fees will be negotiated in ad\•ance of the project generally based upon the following hourly rates for the indicated levels of experience or their equivalents will apply. Additionally, in the event a financing is started, but cancelled at the Client's request, accrued time will be billed as follows: Ex:perience Level Managing Director/Director Senior Managing Consultant Senior Analyst Analyst Associate Ho urly Rate $305 $295 $225 $195 $175 For each contract year following the initial contract term (each, individually, a "Subsequent Contract Year"), hourly rates may be increased by the rate of CPI-U, subject to the approval of the Client. 3. Retainer For general advice between financings, PFM shall receive an annual fee in the amount of $4,000 ("Retainer"), payable in quarterly installments of $1,000. The Retainer shall be reviewed and revised upon mutual agreement. 9