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Agmt25 AmeriNat
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Agmt25 AmeriNat
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Last modified
7/29/2025 4:16:23 PM
Creation date
7/29/2025 4:16:15 PM
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Agreement
RMP File Number
304.5
Date
7/25/2025
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REV: 06-11-25 LF <br />EXHIBIT B <br />FEE SCHEDULE <br />City will pay Consultant the following fees for all the services described above for an <br />amount not to exceed Thirty Six Thousand dollars ($36,000): <br />Loan Portfolio Management <br />Flow Loan Set-up fee: $55.00 per loan <br />Amortized Monthly Service Fee: 1/24 of 1% per month of original principal loan amount <br />per month with a minimum fee of $15.00 for each loan in the portfolio. Escrowing and/or <br />monitoring of taxes and insurance are included with the service at no additional cost, <br />except for a one-time tax service vendor fee (detailed below) if acceptable transferable <br />tax contracts are not already in place. <br />Additional monthly fee for loans over 60 days delinquent: $25.00 per loan <br />Consultant tasks associated with this fee include additional work associated with <br />processing delinquent loans, such as making phone calls, sending letters, and notating <br />the account. <br />Monthly Service Fee for Deferred Loans: <br />i. Warehouse: $4.00 per loan per month <br />ii. Warehouse and monitor of taxes and/or insurance: $10.00 per loan per month <br />plus a one-time tax service vendor fee. <br />iii. Warehouse and escrow of taxes and/or insurance: $15.00 per loan per month <br />plus a one-time tax service vendor fee. <br />iv. Flat fee for receiving occasional payments or forgiveness event on deferred <br />loans: $15.00 per payment or forgiveness event. <br />Tax Service Fee <br />If it is determined that Tax Service is needed, then a one-time fee of $80.00 per loan for <br />loan amounts up to $500,000 will be passed through to the City. For loan amounts over <br />$500,000, there is an additional charge of $10 per $100,000. Future charges may vary <br />based on outside vendor pricing . Additional or supplemental charges imposed by the <br />respective taxing authority for procurement of duplicate tax bills will be directly passed <br />through to the City. <br />ATTY/AGR.2025.144/AmeriNational Community Services, LLC d/b/a AmeriNat (Page 27 of 31)
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