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EXHIBIT B <br />COMPENSATION/PAYMENT <br />ATTACHMENT B <br />COMPENSATION/PAYMENT <br />Santa Ana CARES Utility Assistance <br />AUGUST 1, 2020 -DECEMBER 30, 2020 <br />I. Compensation: This is a cost reimbursement service CONTRACT between the CITY and <br />the CONTRACTOR for Santa Ana CARES Utility Assistance as set forth in Attachment A <br />- Scope of Work. The total CONTRACT amount shall not exceed $2,000,000 in program <br />funding and an Administrative Fee payable to the CONTRACTOR in the amount of four <br />percent (9%) of program funding ($2,000,000 x 9%= $180,000 -administrative fee). The <br />administrative fee is based on disbursements initiated of determined approved <br />applications. <br />The CONTRACTOR agrees to accept the specified compensation as set forth in this <br />CONTRACT as full remuneration for performing all services and furnishing all staffing <br />labor, insurance requirements and taxes required, for any reasonable unforeseen difficulties <br />which may arise or be encountered in the execution ofthe services until acceptance, forrisks <br />connected with the services, and for performance by the CONTRACTOR of all its duties <br />and obligations hereunder. The CONTRACTOR shall only be compensated as set forth <br />herein below for work performed in accordance with Attachment A - Scope of Work. <br />II. Payment Terms: <br />Upon the effective date of this CONTRACT, CITY shall make payment to <br />CONTRACTOR in accordance with the following payment schedule: <br />A. Grant Award - Payments: At the sole discretion of CITY, payments to <br />CONTRACTOR may be made more frequently than monthly for the distribution of <br />Grant Award funds to residents, but such payments shall be issued upon application <br />approval but prior to grant disbursement so long as the total Grant Award payments <br />under this CONTRACT do not exceed $2,000,000. The following process of Grant <br />Award payments will be utilized: <br />a. CONTRACTOR will provide an invoice with a list of approved <br />grant applications <br />b. CITY wire funds to CONTRACTOR within one (1) business day <br />c. CONTRACTOR will disburse Grants Award to residents within one (1) <br />business day of receiving funds from CITY <br />d. CONTRACTOR will provide evidence of funding for approved <br />applications <br />10 <br />