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FULL PACKET_2014-04-07%
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04/07/2015
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FULL PACKET_2014-04-07%
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5/7/2015 4:07:33 PM
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5/7/2015 3:10:13 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Date
4/7/2015
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CSG Advisors hicoi-porated Jamtar-y 28, 2015 <br /> Proposal: Housing FiTimicial Analytical,and Advisory Services Page 20 of 25 <br /> 7. Fee Schedule .. <br /> Housing Analytic Services <br /> The work on these seiwices would be on an hourly basis, paid monthly. For projects where more than <br /> 12 11OUrs would be required, we would provide in writing ,I not-to-exceed hinit to the City for the <br /> specific work or phase of work involved. <br /> I lourly rates for CSG personnel are ,is follows. These rates include additional amounts as reqUested by <br /> the City to cover direct and indirect costs, <br /> Title CSG Personnel Hourly Rate <br /> Chairman Gene Slater $320 <br /> Principal Scott Smith,John Hantilton $275 <br /> Senior Associate As needed $150 <br /> These rates are applicable to 2015 and are adjusted upward by 4% at the beginning of each year, <br /> conimencingJantiary 1, 2016. <br /> We have included in these rates as requested all costs for office overhead, including phones, cellular <br /> phones, vehicles, mileage and other direct and indirect costs and have assurned ,,is on prior analytical <br /> services for the City that services and discussions for such reviews will be conducted by 1-,)bone and email, <br /> Layering Analysis for an Affordable Multi-Family Project. Frorri okir experience working with the <br /> City, skich review would typically be coniplered in 3 to 4 weeks depending on availability of borrower <br /> information and the cost would not exceed $7,500, <br /> Multi-Family Bond Issuance <br /> Work as financial advisor on multi-fiamily bond issues is contingent upon bond sale and is paid froin <br /> funds deposited by the borrower "Ind/or bond proceeds. The fee schedule for such transactions is: <br /> Publicly sold negotiated series $26,000 phis 1/10 of 1% above $5 million, <br /> of bonds: not to exceed $36,000 <br /> Private placement: For the additional services involved, the fee <br /> would be $15,000 higher. <br />
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