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Agreement with Hinderliter, de Llamas & Associates <br />October 18, 2016 <br />Page 5 <br />The payments within the fiscal years will be available as follows: <br />Contract Term <br />Fiscal Year Amount <br />2016-17 (January 2017- June 2017) $14,125 <br />2017-18 (July 2017 -June 2018) $28,250 <br />2018-19 (July 2018 -December 2018) $14,125 <br />Optional Year <br />Fiscal Year Amount <br />FY 2018-19 (January 2019 -June 2019) $14,125 <br />FY 2019-20 (July 2019 -December 2019) $14,125 <br />Hotei Visitors' Tax <br />Funds in the amount of $209,250, which are comprised of the amount for the first two years of <br />the agreement equaling $135,750, which includes a $28,000 contingency, and the amount for the <br />optional one-year extension of $73,500, which includes a $14,000 contingency, are available in <br />the General Fund Hotel Visitors' Tax account (01102002-50030). Payments made to HdL will be <br />recognized when the fees related to HdL's auditing and reporting activities are incurred. As a <br />note, the annual auditing fees will cost less than 1.0% of the total HVT revenues collected in <br />fiscal year 2015-16. The payments within the fiscal years will be available as follows: <br />Contract Term <br />Fiscal Year <br />2016-17 (January 2017 - June 2017) <br />2017-18 (July 2017 - June 2018) <br />2018-19 (July 2018 - December 2018) <br />Optional Year <br />Fiscal Year <br />FY 2018-19 (January 2019 — June 2019) <br />FY 2019-20 (July 2019 - December 2019) <br />Amount <br />$25,500 <br />$ 73,500 <br />$36,750 <br />Amount <br />$36,750 <br />$36,750 <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez 4 <br />Executive Director <br />Finance and Management Services Agency <br />AC: W H <br />EXHIBITS: 1. Property Tax Agreement <br />2. Hotel Visitors' Tax Agreement <br />25B-5 <br />