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EXHIBIT "B" <br />Consultant shall be compensated on a time and materials basis based on the following <br />billing rates and terms: <br />• Managing Principal <br />• Senior Principal <br />• Principal <br />• Executive/ Senior Vice Principal <br />• Vice President <br />• Senior Technical Associate <br />• Senior Associate <br />• Associate <br />• Research Analyst II <br />• Research Analyst I <br />• Production and Administrative Staff <br />$275-$315 per hour <br />$315 per hour <br />$255 per hour <br />$235 per hour <br />$215 per hour <br />$215 per hour <br />$195 per hour <br />$160 per hour <br />$135 per hour <br />$90 per hour <br />$90 per hour <br />Billing rates may be increased by not more than 5% (five percent) one year after the <br />date the agreement is executed and will be in a form of amendment. <br />Expenses directly related to the contract shall be billed at actual cost for reimbursement <br />and Consultant shall invoice the City on a monthly basis. <br />REV: 01-17-19 VR Page 10 of 10 <br />ATTY/AGR2019.017/Economic & Planning Systems <br />