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LION <br />Professional Fees <br />AON's fee for the actuarial service will be a Flat Fee of $12,000 for the actuarial study and $5,500 for <br />the cost allocation. The proposed fees include telephone, postage, and photocopying expenses. <br />Duration <br />AON's services for this proposal begin on September 5, 2024 and end on June 30, 2025. The contract <br />may be extended beyond the duration noted with formal written approval amending this contract. <br />Services may not begin nor payment authorized prior to execution of this proposal by an authorized <br />signatory of the Client. <br />Payment <br />AON will invoice the Client at project completion. <br />The invoice shall be due and payable to AON within thirty (30) days following the Client's receipt of <br />invoice. <br />Aon Proprietary and Confidential <br />Prepared for', The City of Santa Ana <br />