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. . HoURL Y RATES FOR NEW CITY AMERICA, INC. PERSONNEL AND SUB-CONTRACTORS OCTOBER 1, 2003 The hourly rates listed below are provided to the Redwood City Redevelopment Agency based upon the assumption that this is a time and materials contract, with deliverables expected at the conclusion of the investigative stage. Hourly rates are subject to annual adjustment on July 1,2004. NEW CITY AMERICA PERSONNEL HOURLY RATE ESTIMATED TIME PER AND SUB-CONTRACTORS MONTH OR PROJECT Marco Li Mandri, President, $ 200.00 per hour 50 - 70 hours Project ManaJer Shirley Zawadzki, $ 65.00 per hour As needed Assistant Project Mana!!er Alex Hempton, Database $ 40.00 per hour As needed Mappin!! and Survey Work I Chris Gomez, Design and $ 40.00 per hour As needed Research Valerie Burns, $ 25.00 per hour As needed Staff administrative suDPort Darlene Drapkin Rios, $ 100.00 per hour As needed Field Coordinator (Sub- I Contractor to NCA) i - OTHER PROVISIONS: X This is a time and materials contract with anticipated work product milestones. New City America, Inc. is an independent. private corporation established in the state of California, which spec:ializes in business community assessment district formation, consulting and administration and will bear all payroll and personnel related costs; X Billings will be submitted on the 30th of each month. Payments shall be due upon receipt. Billings shall be based upon delineated professional services provided, travel costs and reimbursement of direct expenses. X The terms and conditions of this contract shall be honored for 90 days commencing on the date of the cover ktter. X Nothing in this contract precludes each party from entering into a follow up, formation contract should there be support to establish the PBID. 4