Resolution 2023-226 - Laserfiche WebLink

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qXHIBIT B CoMPENSATTON FOR SERVTCES 1. Fixed Rate Transaction Feee (Competitive and Negotiated) The compensarion schedule for competitive and negotiated sales of long-term financings rvill be billed at closing as follows: For financing up to $20 millionr $1.50 per $1,000, widr a $20,000 minimum For Snancing up to $75 million: $30,000 plus 90.75 per 91,000 over 920 million Interim financing ot banh piacements may be subject to a teduced fee, based on the speciFc services required. Should a financing be commenced but not completed for any reAson, PFIvI s'ill be compensated for services provided, based on dre hourly rates stated belorv, rvhich in no case rvill exceed 750/o of the Financing Serrrices fee set forth above. 2, Hourly Proiect Feee (Non-T(ansaction Related) In the er"ent the Client requests that PFM perform sigaificant special projecrs (capitai planning creation of new financing progtams like the installment sale concept, etc.), fees rvill be negotiated in advance of the project generalll' based upon the fcrllowing hourly rates for the indicated levels of experience or their equivalents rvill apply. Additionally, in the event a financing is started, but cancelled at the Ctent's request, accnred time rvill be billed as follorvs: Experience Level lvlanaging DirectorlDirector Senior Managing Consultant Senior Andyst Analyst Associate Hourly Rate $30s $29s Rt?( $19s $175 Fot each contract year following the initial contract term {eaclr, individually, a "Subsequent Contract Year'), hourly rates may be increased by the rate of CPI-U, subject to the approval of dre Client. 3. Retainer For general advice be[veen financirrgs, PF\{ shall receive an annual fee in the amount of $4,000 {"Retainer'), payable lr quattedy installments of $1,000. The Retainer shell be revierved and revised upon mutual agreement. o