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REV: 01-30-25 MI <br />requiring additional computer programming may entail some additional costs. <br />Attendance at City and/or Successor Agency meetings will be billed at Consultant’s <br />hourly rates. <br />Fees for Optional Services shall be billed at the following hourly rates: <br />Partner $250 per hour <br />Principal $225 per hour <br />Programmer $200 per hour <br />Associate $175 per hour <br />Senior Analyst $125 per hour <br />Analyst $ 90 per hour <br />Administrative $ 70 per hour <br />Hourly rates are exclusive of expenses and are subject to adjustment by the <br />Consultant annually. On July 1st of each year, Consultant shall provide the City <br />with an updated schedule of hourly rates. The rates will not be increased by more <br />than five percent (5%) per year. <br />B. Identification and Correction of Errors <br />Fees for the identification and correction of errors are on a contingent basis, <br />Consultant shall receive 25 percent of general fund or tax increment property tax <br />revenue or other revenues attributable to the City recovered or reallocated which <br />are directly or indirectly the result of an audit, analysis or consultation performed <br />by Consultant (including but not limited to base year value audits; administration <br />of tax sharing agreements; tax increment allocation reviews; county allocation <br />reviews). Consultant shall separate and support said reallocation and provide the <br />City with an itemized invoice showing all amounts due as a result of revenue <br />recovery or reallocation. The City shall pay audit fees after Contractor's submittal <br />of evidence that corrections have been made by the appropriate agency. Payment <br />to the Consultant shall be made within thirty (30) days after the City receives its <br />first remittance advice during the fiscal year for which the correction applies. <br />ATTY/AGR.2025/Amend. No. 2/HdL Coren & Cone (HdL Coren & Cone) (Page 7 of 7)