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Attachment A <br />EXHIBIT B <br />280 <br />281 <br />Compensation <br />282 <br />283 <br />TOTAL PROGRAM BUDGET $547,500 <br />284 <br />285 <br />ROSEVILLE REVOLVING LOAN PROGRAM BUDGET <br />286 <br />287 <br />A. Revolving Loan Program Budget Allocation (includes Origination Fees, Post <br />288 <br />Installation, Inspections Aged Delinquency Monitoring): $540,000 <br />289 <br />290 <br />B.Remodeling Advisor Visit Budget $7,500 <br />291 <br />292 <br />293 <br />294 <br />Budget Notes: <br />295 <br />296 <br />2971.Funds to be transferred between Budget Categories in this Exhibit that do not change the <br />298Total Contract Amount must be approved in writing by the REDA. <br />2992.Consultant shall submit monthly invoices to the REDA for the loan principal and <br />300administrative fees and quarterly invoices for the aged delinquency reporting services. <br />3013.Services performed by Consultant will initially be funded from the Total Program Budget <br />302as stated above and paid in accordance with the following schedule. <br />303 <br />304(1) Origination: Revolving and Emergency $550.00 per loan closed <br />305(2) Post Installation Inspection$100.00 per inspection <br />306 (3) Remodeling Advisor Visit $225.00 per inspection <br />307 (4) Provide quarterly aged delinquency monitoring, <br />308 Troubleshooting and notification to the REDA of past due loans $200/quarter <br />309 <br />3103. Loan Servicing <br />311The REDA will contract directly with a servicing company. The REDA shall establish a <br />312process where Consultant receives copies of the monthly servicing reports. <br />313 <br />3144. Marketing <br />315Marketing efforts will be supported by Consultant and marketing costs are not included <br />316in the administrative budget. Hourly rates are inclusive of all overhead expenses and will <br />317be charged only for hours directly related to the labor of all program marketing. <br />318Consultant will also be reimbursed by the REDA for any non-labor, out-of-pocket <br />319expenses relating to these services on a dollar-for-dollar basis. <br />320 <br />8 <br /> <br />