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<br /> S'DD <br /> validity oÍ any documents utilized by San Harcos. <br /> Austin's assistance identiÍied in section 2.B. does not <br /> include any revie\,¡ oÍ the legal adequacy oÍ the <br /> documents. Austin does not warrant the legal adequacy oÍ <br /> any documents it submits Íor review. <br /> 3. Compensation. <br /> A. It is agreed by both parties to this Agreement that <br /> Austin \vi 11 be compensated Íor the satisÍactory <br /> perÍormance oÍ Phase I services described in Section 1 oÍ <br /> this Agreement in an amount not to exceed $66,000.00 <br /> (sixty-six thousand dollars). <br /> B. Compensation Íor services speciÍied as \vell as any <br /> additional services authorized in writing by San Marcos <br /> will be computed on an hourly basis (including overhead) <br /> as ..follm,¡s: <br /> Chief Real Estate Appraiser $53.97 <br /> A.ppraiser III $47.27 <br /> Property Agent III $44.46 <br /> Property Agent II $37.12 <br /> All necessary services of Austin's Real E~tate Hanager, <br /> Real Estate Assistant Hanager, and support staff are <br /> included in the hourly rates above. <br /> Hourly rates are subject to change due to increases in <br /> salaries or overhead charges. <br /> C. In addition, Austin will be reimbursed by San Marcos for <br /> items such as postage, mileage ($. 29 / mi 1 e), San Harcos- <br /> approved out of town travel expenses (hotel, mileage, <br /> meals, etc.) at actual cost 'as well as all other expenses <br /> directly attributed to the project upon the submittal of <br /> documentation as part of a monthly invoice. <br /> D. Aus tin \vill submit a monthly invoice which includes an <br /> accounting of hours worked for each person involved with <br /> the job in a format approved by San t1arcos \vi th each <br /> invoice for services rendered. <br /> E. San Marcos will pay Austin's invoices within 20 days of <br /> receipt by San Marcos. <br /> -5- <br /> H:\A.GREEME." \~f.'\RC 05.5'\:-1 <br />