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<br />HOURLY RATES FOR NEW CITY AMERICA, INC. <br />PERSONNEL - NOVEMBER 2006 <br /> <br />The hourly rates listed below provided to the Redwood City Redevelopment Agency <br />based upon the assumption that this is a time and materials contract, with deliverables <br />expected by the end of May 2007. <br /> <br />NEW CITY AMERICA PERSONNEL AND HOURLY RATE ESTIMATED TIME ALLOCATED <br />SUB-CONTRACTORS FOR PROJECT <br />Marco Li Mandri, President, $ 225.00 per hour 70 hours <br />Project ManaQer <br />Shirley Zawadzki, $ 90.00 per hour 10 hours <br />Assistant Project Manaqer <br />Monica Montes, Database Mapping $ 60.00 per hour 10 hours <br />and Survey Work <br />Chris Gomez, Design and Research $ 60.00 per hour 10 hours <br />John Li Mandri, Staff support $ 30.00 per hour 1 0 hours <br /> <br />OTHER PROVISIONS: <br />o This is a time and materials contract with anticipated work product milestones. <br />New City America, Inc. is an independent, private corporation established in the <br />state of California, which specializes in business community assessment district <br />formation, consulting and administration and will bear all payroll and personnel <br />related costs; <br /> <br />o Billings will be submitted on the 31 st of each month. Payments shall be due <br />upon receipt. Billings shall be based upon delineated professional services <br />provided, and reimbursement of direct expenses, (copies, postage, layout, travel, <br />production, property database subscription services and administrative); <br /> <br />o The terms and conditions of this contract shall be honored for 60 days <br />commencing on the date of the cover letter. Each party shall retain the right to <br />withdraw from the contract based upon unsatisfactory performance. Termination <br />of the contract must be formalized through a written notification 30 days prior <br />separation. <br /> <br />o Checks are to be made payable to New City America, Inc. and shall be mailed to: <br />New City America, Inc., 2130 Columbia Street, San Diego, CA 92101. <br /> <br />4 <br />