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March 16,2023 <br /> Page 2 <br /> The City of San Marcos acknowledges and agrees that MFM's entitlement to payment for fees and <br /> expenses shall not be contingent upon the results obtained or the final disposition of the services for <br /> which MFM has been retained. <br /> 6. Records: The City of San Marcos should retain all originals and copies of documents the City of San <br /> Marcos desires for future reference. MFM will retain most of its file(s) for a certain period of time, <br /> but ultimately the file will be destroyed in accordance with our record retention schedule. MFM does <br /> not contact the client prior to such destruction. <br /> The City of San Marcos recognizes that working papers shall be assembled and accumulated by MFM <br /> in connection with this representation, and that same shall belong to and remain the property of MFM. <br /> 7. Litigation Matters: MFM will represent the City of San Marcos with respect to matters assigned <br /> under City of San Marcos, and the City's officers, employees or agents in a lawsuit upon the request <br /> of the City of San Marcos. Likewise, we will initiate litigation only at the request of the City of San <br /> Marcos as directed. <br /> 8. Fees: MFM shall bill the City of San Marcos monthly for services rendered and expenses incurred, in <br /> the manner agreed to herein, until such time as this Agreement has expired by its own terms or has <br /> been terminated.MFM shall separate invoices as requested by the City of San Marcos.Attorney's fees <br /> are based upon a consideration of time and labor involved, the skill requisite to perform the services <br /> properly, the preclusion of other employment by MFM due to acceptance of the matters identified <br /> herein, time limitations imposed by the City of San Marcos or other circumstances, results achieved, <br /> experience, reputation and ability, extraordinary time requirements, and MFM's hourly rates. The <br /> Finn will bill the City of San Marcos at the following rates: <br /> Litigation <br /> Partners $260 <br /> Associate Attorney $225 <br /> Paralegal Support $135 <br /> Time for legal work and travel is billed in tenth of an hour increments, as follows: <br /> .1 = 6 minutes .5 = 30 minutes .9 = 54 minutes <br /> .2 = 12 minutes .6 = 36 minutes 1.0 = 60 minutes <br /> .3 = 18 minutes .7 =42 minutes <br /> .4=24 minutes .8 =48 minutes <br /> Opinion letters for bonds are a flat fee paid from the bond proceeds, if requested. Market rates (non- <br /> governmental) will be charged when the City of San Marcos is being reimbursed for legal expenses, <br /> such as by a developer or a debt issuance, if applicable. The City of San Marcosunderstands that the <br /> costs of services can be estimated in advance on a per case basis,but no particular amount is guaranteed <br /> as the amount of time necessary to spend on a legal matter can be influenced by the actions of third <br /> parties.The City of San Marcos further understands that MFM hourly rates may be modestly increased <br /> on an annual basis, but that any annual increase shall be no more than ten percent of the current rate. <br /> 9. Billing Practices and Payment: MFM bills for matters on a monthly basis, and payment is due upon <br /> receipt of the statement. We do not bill for expenses associated with our representation except for <br />