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2. If the City receives a notice from a property owner alleging an error in the calculation of any <br />matters related to the annual assessment roll for the District, P3Works will review and <br />provide a written response to the City. If a calculation error occurred, P3Works will take <br />corrective action as required to correct the error. <br />Delinquency Management <br />1. After the end of the annual assessment installment collection period, P3 Works will prepare a <br />delinquent special assessment report, which details which parcels are delinquent and the <br />amount of delinquency. <br />2. P3Works will advise the City what action must be taken relating to delinquent parcels, if any, <br />to remain in compliance with the District bond documents. <br />DISTRICT ADMINISTRATION SETUP SERVICES (Required for any existing PID not <br />created by P3Works.) <br />$7,500 One Time Lump Sum Fee <br />1. Prepare District Administration Manual <br />2. P3Works will review the full bond transcript and identify all requirements of the City relating <br />to District administration and/or disclosure requirements. <br />3. Prepare written summary of all City administration and disclosure requirements. <br />4. Prepare calendar of all relevant dates and deadlines for District administration and disclosure <br />requirements. <br />5. Meet with County Assessor's office to establish procedure for obtaining parcel information <br />for assessment roll. <br />6. Meet with County Tax Office to establish procedure to include District assessment roll on <br />property tax bill. <br />7. Meet with City representatives to finalize policies and procedures relating to District <br />Administration. <br />ADDITIONAL DISTRICT ADNEMSTRATION SERVICES <br />Billed at P3Works' prevailing hourly rates, which are currently as follows: <br />Managing Partner <br />t <br />$250 <br />Vice President <br />$185 <br />Senior Associate <br />$160 <br />Associate <br />$135 <br />Administrative <br />$75 <br />*P3Works' hourly rates maybe adjusted from time to time to reflect increased casts of labor and/or <br />addirtg/reclassifying titles. Travel will be billed at the hourly rates. <br />Continuing Disclosure Services <br />1. P3Works will prepare the form of the annual report as required by the continuing disclosure <br />agreements and work with the City and the Developer to complete. <br />7 <br />