Agmt22 Muniservices, LLC - Laserfiche WebLink

Browse Search

REV: 01-28-2022 MI EXHIBIT “A” SCOPE OF SERVICES AND FEE Consultant agrees to provide the City on an ongoing basis with certain professional services in furtherance of a comprehensive Utility Users’ Tax revenue enhancement and audit services that is designed to preserve, protect, and enhance the City’s Utility Users’ Tax (“UUT”) revenues. UUT Program Payment/Fee Schedule The City’s total annual fixed fee for participating in the Program shall be the greater of i) six-tenths of one percent (0.6%) of the total UUT revenues received by the City (excluding UUT revenues derived from sewer, water, or trash) based on the prior fiscal year, or ii) fifteen thousand dollars ($15,000) (“Minimum Fee”). The annual fixed fee shall be paid in four equal quarterly payments with due dates of: March 31, June 30, September 30, and December 31. Invoices for services rendered shall be in arrears (invoiced for the immediately preceding quarter). If the effective date of this Agreement is other than on an invoice date, the City shall be invoiced for the first quarterly payment on the immediately following invoice date as set forth herein. City shall be invoiced and responsible for a prorated portion of the preceding quarter based on the effective date of this Agreement. Payment will be made to Consultant within thirty (30) days of receipt of Consultant invoice therefore. Any amounts which remain unpaid after thirty (30) days shall accrue interest at a rate of one and one-half percent (1.5%) per month, or the maximum amount permitted by law. These quarterly payments are nonrefundable. With respect to a city-specific compliance review referred to under the city-specific scope of work above, Consultant shall be entitled to contingent fee compensation where Consultant’s compliance review activities result in the City receiving additional revenues from such city-specific compliance review activity. Accordingly, the City shall pay Consultant thirty percent (30%) of the additional revenues, including interest and penalties, that has resulted from its city-specific compliance review activities. Consultant will seek to recover, or assist the City in recovering all revenue due the City from prior periods, if any, and Consultant will receive 30% of any retroactive recovery with a minimum compensation recovery period of twelve (12) calendar quarters. In cases where there are less than twelve calendar quarters in the retroactive recovery period, recovery in prospective quarters will be included to satisfy the twelve-calendar quarter minimum recovery period. If the City determines that a correction should be applied prospectively from the date of the determination only, then Consultant’s compensation shall apply to the additional revenues resulting from the correction for the twelve calendar quarters following the commencement of the prospective correction. In calculating additional revenues, if actual revenue amounts are not available or easily obtained, Consultant may, with the approval of the City, use the best available information to estimate the additional revenues (e.g., averaging known underpayments or use of industry averages). As used ATTY/AGR.2022.015/Avenu Insights & Analytics, LLC (Page 11 of 15)