PSA - H.J. Umbaugh & Assoc - Circuit Breaker Property Tax Revenue Analysis

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Exhibit B Fees For the services set forth in Exhibit A, the Firm's fees shall be billed at the Firm's standard billing rates based upon the actual time and expense incurred, in an amount that will not exceed an average of Seven Thousand Five Hundred Dollars ($7,500) per each Tax Increment Allocation Area reflected on Exhibit A per the Client's direction and not to exceed Six Thousand Five Hundred Dollars ($6,500) for the Civil City Funds reflected on Exhibit A. Standard Hourly Rates by Jab Classification 1/1/2017 Partners / Principals $275,00 to $475.00 Managers. $190.00 to $325.00 Consultants $130.00 to $250.00 Municipal Bond Disclosure Specialists $120.00 to $195.00 Support Personnel $105.00 to $150.00 • Billing rates are subject to change periodically due to changing requirements and economic conditions. Actual fees will be based upon experience of the staff assigned and the complexity of the engagement. The above fees shall include all expenses incurred by the Firm with the exception of expenses incurred for mileage which will be billed on a separate line item. No such expenses with the exception of mileage will be incurred without the prior authorization of the Client. The fees do not include the charges of other entities such as rating agencies, bond and official statement printers, couriers, newspapers, bond insurance companies, bond counsel and local counsel, and electronic bidding services, including Parity®. Coordination of the printing and distribution of Official Statements or any other Offering Document are to be reimbursed by the Client based upon the time and expense for such. services.