HomeMy WebLinkAbout2023 CON HDL Coren & Cone, Inc. - Property Tax Consulting Services_Page_17DoouSign Envelope ID: 81972E7B-412A-4EFF-AB6F-0C4BAF717DD3
EXHIBIT A
CONSULTANT shall provide the Base Services described in Section 1.0 above, for a fixed
annual fee of $13,500.00 (invoiced quarterly).
The Base Fixed Fee shall be adjusted annually by the California Consumer Price Index (CCPI) for
all items as determined by the California Department of Industrial Relations as measured February
to February by the California All Urban Consumers index.
5.2 Base Contingent Fee Services
For Base Services pursuant to Section 1.1 which are payable on a contingent basis,
CONSULTANT shall receive 25 percent of net general fund attributable to CITY departments,
districts, or funds recovered or reallocated which are directly or indirectly the result of an audit,
analysis or consultation performed by CONSULTANT. (including but not limited to base year
value audits; administration of tax sharing agreements; tax increment allocation reviews; county
allocation reviews). CONSULTANT shall separate and support said reallocation and provide
CITY with an itemized invoice showing all amounts due as a result of revenue recovery or
reallocation. CITY shall pay audit fees after CONSULTANT's submittal of evidence that
corrections have been made by the appropriate agency. Payment to CONSULTANT shall be made
within thirty (30) days after CITY receives its first remittance advice during the fiscal year for
which the correction applies.
5.3 Optional Services
Fees for Optional Services as outlined in Services in Section 2.0 above (except Section 2.3)
shall be billed at the following hourly rates:
Partner $250 per hour
Principal $225 per hour
Programmer $200 per hour
Associate $175 per hour
Senior Analyst $125 per hour
Analyst $ 90 per hour
Administrative $ 70 per hour
Hourly rates are exclusive of expenses and are subject to adjustment by CONSULTANT
annually. On July 1st of each year CONSULTANT shall provide CITY with an updated schedule
of hourly rates: The rates will not be increased by more than five percent (5%) per year.
5.4 Fees for Bond Services
Services under Section 1.3 above will be determined depending upon the complexity of the
bond issue and the time available for completion of the task and will be mutually agreed to be the
parties.
5.5 Indirect Expenses
Except as specified above, no other charges shall be made for direct or indirect expenses
incurred by CONSULTANT in performing the services in the Scope of Services including for
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