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City of Santa Ana <br />Proposal for Opportunity Zone Services <br />June 20, 2019 <br />Page 6 of 11 <br />KR anticipates a single consolidated round of Client comments and revisions on draft work <br />product before Kosmont provides a final version of work product. If necessary, additional <br />rounds of comments and revisions can be accommodated on an hourly basis. <br />KR's attendance or participation at any publicly noticed (e.g., City Council, Planning <br />Commission, Public Agency Board, other) meeting requested by Client is in addition to <br />compensation for Tasks 1 and 2 will be billed at the professional services (hourly) fees as <br />shown on Attachment A. <br />Services will be invoiced monthly at KR's standard billing rates, as shown on Attachment <br />A. In addition to professional services (hourly) fees, invoices will include reimbursement <br />for out-of-pocket expenses such as travel and mileage (provided that there shall be no <br />overnight travel without the Client's prior approval and that mileage shall be reimbursed <br />at the current IRS mileage reimbursement rate), professional printing, conference calls, <br />and delivery charges for messenger and overnight packages at actual cost. Unless <br />otherwise agreed to in advance, out -of -area travel, if any, requires advance funding of <br />flights and hotel accommodations. <br />KR will also include in each invoice an administrative services fee to cover in-house copy, <br />fax, telephone and postage costs equal to four percent (4.0%) of KR's monthly <br />professional service fees incurred. Any unpaid invoices after 30 days shall accrue interest <br />at the rate of 10% per annum. <br />For the convenience of Kosmont's clients, we offer a secure credit card payment service. <br />The credit card payment link is: hftps://kosmont.i)aidyet.com and there are two ways to <br />make a secure credit card payment: <br />1. Fill in the "Make a Payment" form when you go to the link <br />(httos://kosmont.oaidvet.com), or <br />2. Call Kosmont Companies' accounting desk (Ms. Charo Martinez; (424) 297-1072) <br />to make a credit card payment <br />KR is prepared to commence work upon receipt of executed Agreement. <br />The following is being provided solely as an advance disclosure of possible real estate <br />consulting and finance services and potential compensation for such services. This <br />disclosure is not intended to commit the Client. <br />When assignments involve public finance services on behalf of a public agency, such <br />municipal advisory, services are provided by Kosmont Transactions Services, Inc. ("KTS"). <br />KTS, Inc. is registered with the Securities and Exchange Commission (CIK# 0001769359) <br />and the Municipal Securities Rulemaking Board as a Municipal Advisor (ID# K1256). <br />KOSMONT REALTY <br />1601 N. Sepulveda Blvd. #362. Manhattan Beach, CA 90266 1 ph 424.297. 1079 1 w Aosmontreafty.wm <br />