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BASIC DISTRICT ADNIINISTRATION SERVICES <br />If no bonds are sold: <br />Monthly Fee = $1,500 beginning the first of the month following execution of this Agreement for the <br />first improvement area, and $1, 000 per month for each improvement area thereafter. (Proration will <br />occur for any partial month if not begun on the I' day of the month.) <br />If bonds are sold: <br />Monthly Fee amounts will be $2, 500 for the first improvement area beginning the first month <br />following the issuance of bonds; and $1,250 per month for each improvement area thereafter. <br />See Section below related to "Consulting Services Relating to Future Improvement Areas and related <br />Bond Issuance "for hourly fees if bonds are contemplated. <br />Prepare Annual Service and Assessment Plan Update <br />1. If possible, obtain updated construction cost estimates (or actual costs for completed <br />facilities) for District improvements, and update service and assessment plan text and tables. <br />2. Update service and assessment plan text and tables as necessary to account for any changes <br />in development plan or land uses. <br />3. Update annual District assessment roll. <br />4. Identify parcel subdivisions, conveyance to owner's associations, changes in land use, and <br />any other information relevant to the levy of special assessments. <br />5. Review maps of tax parcels to compile/audit list of parcels that are within the District for the <br />upcoming bond year. Classify each parcel pursuant to the approved service and assessment <br />plan. <br />6. Identify and parcels dedicated to any property types classified as exempt by the service and <br />assessment plan. <br />7. Update District database with newly subdivided parcels and property type classifications. <br />8. Calculate annual special assessment for each parcel. Verify the sum of annual installments <br />for all parcels in the District is sufficient to meet the annual debt service requirement, <br />administration expenses, and any provisions for delinquency or prepayment reserves. <br />9. Calculate other funds available, such as reserve fund income, capitalized interest, and interest <br />income. Reduce annual assessment based on findings according to approved service and <br />assessment plan. <br />10. Present preliminary annual assessment roll to City. Upon approval by City, submit final <br />annual assessment roll to County Tax Collector. <br />Administration of Bond Funds if bonds are sold <br />1. Review and reconcile the account statements for the funds maintained by the trustee. Ensure <br />annual special assessment calculation is compliant with Indenture as it relates to each fund. <br />2. Provide annual summary of all District accounts maintained by Trustee at the time the annual <br />service and assessment plan update is performed. <br />Provide Public Information Request Support <br />1. If requested, P3Works will respond to any calls and or emails relating to the District. <br />P3Works will only provide technical answers relating to the annual assessments or the <br />District generally. P3Works will not provide any commentary on City policy relating to <br />PIDs. <br />2 <br />