Agmt21 HDL Coren and Cone - Laserfiche WebLink

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Auditing/misallocation correction services shall be charged on a contingency basis per the chart delineated below. The contingency portion of the fee applies to secured and unsecured misallocations discovered as part of the audits. The contingency fee is 25% of net tax revenues recovered for the City in the audits performed over the period allowable by State statute (current year and 3 prior lien years). Net tax revenues mean the taxes received by the City through Consultant's audit efforts. Contingency Fees YR 1 Partner YR 2 YR 3 Property Tax audit/misallocation 25% on all $195 25% on all 25% on all correction services misallocations Analyst misallocations misallocations $45 corrected by corrected by corrected by HdL HdL HdL Work that is requested by the City and that is beyond the scope of services outlined in this agreement shall be charged on a time and material basis per the rate chart delineated below. An estimate of time and material costs shall be submitted to the City for written approval prior to performing any work that is beyond the scope of services outlined in this agreement. The City will be billed at actual cost for any material costs incurred. REV: 12-08-2020 EI ATTY/AGR.2020.269/HdL Coren & Cone (HdLCC) (Page 16 of 16) Hourly Rate Partner $225 Principal $195 Programmer $195 Associate $150 Sr. Analyst $100 Analyst $65 Administrative $45 The City will be billed at actual cost for any material costs incurred. REV: 12-08-2020 EI ATTY/AGR.2020.269/HdL Coren & Cone (HdLCC) (Page 16 of 16)