PSA - Peters Municipal Consultants, LTD - Review Projected Tax Revenues

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h. We will include a property tax rate detail, including historical property tax rates, projected property tax rates, historical net assessed valuations, projected net assessed valuations, and a property tax impact analysis of a typical taxpayer. i. Accompanying the fiscal projection will be economic and policy assumptions that will be the basis of our projections. These assumptions are the responsibility of the entity's management and any deviation from the assumptions will cause the projections to vary. We will also perform the following services: • Discuss significant items which come to light during the construction of the plan and advise the entity on possible outcomes or needed assumptions. • Present the fiscal plan to the entity and assist the entity in understanding the same. We will not be auditing, reviewing, compiling, or performing any agreed upon procedures or attestation regarding financial statements as defined by the American Institute of Certified Public Accountants (AICPA). We will invoice at the beginning of each month for work performed for the entity during the previous month at our normal hourly rate of $165 plus out of pocket expenses. Our rate is subject to change on January 1 each year. This Agreement may not exceed $8,000. Peters Municipal Consultants, LTD agree that it will receive written permission from the City if such work is to exceed $8.000. Further, we are available to perform the following services at additional cost: • Prepare fiscal information for any public hearing as directed by the entity or its legal counsel. • Assist entity's legal counsel(s) as requested. • Assist as requested in the preparation of documentation and any presentation before the state and or public to obtain approval to provide for the implementation of any proposals of the fiscal plan. • Research, analyze, develop presentations, and conduct any other finance related activities directed by the entity. We will invoice at the beginning of each month for work performed for the entity during the previous month at our normal hourly rate of $165 plus out of pocket expenses. Our rate is subject to change on January 1 each year. The parties do agree that the terms of this engagement are subject to the express agreement that either party may terminate the engagement upon sixty (60) days written notice to the other of the intent to terminate the relationship. All work performed shall be paid in accordance with the terms of this agreement and work product shall become the property of the City of South Bend, St. Joseph County upon payment in full. Please sign and date below to acknowledge your agreement with the above stated terms. Authorized Official City of South Bend, St. Joseph County Sincerely, �cfcred.'lls..� Cm�, —$VV Peters Municipal Consultants, LTD i Peters Municipal Consultants, LTD certifies the use of E-Verify when hiring and do not knowingly employ an unauthorized alien.