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EXHIBIT 2 <br />2. COMPENSATION TO CITY <br />2.1 Payor hereby agrees to their 2024 population estimate and respective payment to City <br />of a percentage of the total cost of Consultant's Services based thereon, as indicated on Exhibit <br />B and incorporated herein by reference. <br />2.2 Payor shall make a single payment of <br />($ ) to City by no later than September 20, 2024. <br />2.3 The City will make payments directly to the Consultant upon successful completion of <br />the "Scope of Work" as described in Exhibit A and based upon the following schedule: <br />1. $20,050 will be paid upon completion of Milestone 1: Completion of Data <br />Collection Phase. <br />2. $33,020.00 will be paid upon completion of Milestone 2: Completion of Data <br />Assessment & Regulatory Review. <br />3. $26,628 will be paid upon completion of Milestone 3: Completion of Outreach <br />and Input Process. <br />4. $24,008 will be paid upon completion of Milestone 4: Completion of Community <br />Forums/Public Meetings. <br />5. $35,242 will be paid upon completion of Milestone 5: Submittal of Draft AFH & 5- <br />Year Housing Plan. <br />6. $20,934 will be paid upon completion of Milestone 6: Submittal of Final AFH & 5- <br />Year Fair Housing Plan. <br />3. CONTRACT ADMINISTRATION <br />Unless otherwise designated in writing, City's Housing Programs Coordinator, David Flores, <br />shall serve as the City's Project Administrator for the payments made under this Agreement. All <br />activities performed under this Agreement shall be coordinated with this person or his/her <br />designee. <br />4. STANDARD PROVISIONS <br />4.1 Recitals. City and Payor acknowledge that the above Recitals are true and correct <br />and are hereby incorporated by reference into this Agreement. <br />4.2 Compliance with all Laws. Payor shall, at its own cost and expense, comply with all <br />statutes, ordinances, regulations and requirements of all governmental entities, including <br />federal, state, county or municipal, whether now in force or hereinafter enacted. <br />4.3 Integrated Contract. This Agreement represents the full and complete understanding <br />of every kind or nature whatsoever between the parties hereto, and all preliminary negotiations <br />and agreements of whatsoever kind or nature are merged herein. No verbal agreement or <br />implied covenant shall be held to vary the provisions herein. <br />4.4 Interpretation. The terms of this Agreement shall be construed in accordance with the <br />meaning of the language used and shall not be construed for or against either party by reason <br />Page 2 of 4 <br />