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and/or takeout lender, prepare escrow instructions and Deed of <br /> Reconveyance for recordation upon payoff. Scan and file copy of <br /> recorded Reconveyance. <br /> Schedule venue, advertise through e-mail blast to dedicated leads, and $600 per <br /> City-Speck workshop <br /> in up to three local newspapers to invite prospective attendees. Present <br /> Workshops(as materials to attendees,answer questions, and capture attendee <br /> requested) information to track as leads. $75 per ad <br /> creation <br /> nc lusiona;ry Sale " r ,. :. W <br /> Activity Description, r Hello's,Rates <br /> Variable Costs <br /> Market the BMR units in accordance with developer's City-approved <br /> Marketing Plan on Hello Housing's website, City's website and <br /> developer's website(if appropriate); place ad in up to three local $2,500 per <br /> Advertising newspapers(each newspaper to be a different language)and prepare advertising <br /> g poster for public venues. Market the development through e-blast to <br /> dedicated leads in Hello Housing's database. Use imagery and language phase <br /> established by the market rate developer to ensure consistency in <br /> presentation and image. <br /> Answer all calls and emails from the public and provide the guidance <br /> required to complete the BMR application for lottery ranking. Prepare <br /> Waitlist Creation and online pre-application,full application and paper application. Calculate $4,000 per <br /> Management preference points and conduct a virtual lottery to determine the ranking lottery <br /> order for inviting complete applications, determining program eligibility <br /> and approval for a BMR sale. <br /> Create Workshop Prepare a detailed, PowerPoint presentation with City's program $750 per <br /> Presentation requirements,the application process and home-specific details specific development <br /> to each inclusionary development. <br /> Conduct workshops customized to specific inclusionary developments $600 per <br /> Workshops providing detailed instructions on the application process. Provide details workshop <br /> on layouts and amenities, resale restrictions and available financing. <br /> Sales of Inclusionary Units <br /> Milestone 1: Initial Process and underwrite selected applicants from lottery ranking to <br /> Milestone <br /> Milestone <br /> Lender determine if they meet eligibility requirements as set forth in the $750/per file <br /> Pre-Approval&City marketing plan. Collect all required documents from the applicant and <br /> Conditional Approval complete initial screening for program eligibility. Obtain conditional <br /> approval from the City and preapproval from a qualified Lender. <br /> When a unit is ready for sale,collect updated required documents from <br /> the applicant(as needed depending on time passed since conditional <br /> approval)and lender documentation. Screen documents and information <br /> Milestone Purchase Final al provided to verify income and program eligibility prior to execution of $1,250 per <br /> Approval&Purc qualified <br /> Agreement purchase agreement between developer and applicant. Prepare final purchaser <br /> approval package for the City and obtain approval for developer to enter <br /> into contract. Coordinate Buyer and Developer to enter into purchase& <br /> sale agreement. <br /> Track each application with lenders, requiring weekly reports on each file <br /> to ensure prompt approvals.Coordinate collection of required <br /> Milestone 3: Doc information from escrow and lender needed to complete City documents $1,500 per <br /> Preparation&Closing including restrictions, notes, DOTs and escrow instructions. Create the $1 homebuyer <br /> documents and route with instructions for signatures and notarizing at <br /> the City. Coordinate pickup and delivery of executed documents to title <br /> and track file through all stages of escrow to ensure conforming loan is <br /> 05/16 Page 8 of 10 <br />