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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2019
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071619
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03
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7/10/2019 2:08:58 PM
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7/10/2019 2:06:32 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
7/16/2019
DESTRUCT DATE
15Y
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Exhibit A <br /> Scope of Work& Pricing <br /> Key Assumptions 2019-2020 <br /> No.of BMRs in Portfolio 96 <br /> No.of DPA Loans in Portfolio 4 <br /> Estimated Number of Applications to Review to Condionally Approve a Buyer 3 <br /> Estimated Number of Resales 2 <br /> Estimated Number of Refinances 3 <br /> Estimated Number of Payoffs 2 <br /> Estimated Number of Appeals 1 <br /> Estimated Number of DPA Loans 0 <br /> Activity 2019/2020 Price per 2019/2020 <br /> Activit Total Costs <br /> Ownership-Annual Fixed Fees <br /> Program Administration Fee(a) See footnote(a)below $ 24,144 <br /> Belding Calls $250 per month $ 3,000 <br /> Annual Compliance Monitoring-BMRs $165 per household $ 15,840 <br /> Annual Compliance Monitoring-DPAs $165 per household $ 660 <br /> Total Fixed $ 43,644 <br /> Owners '.-Annual Variable Fees(Volume Dependent) <br /> BMR Management <br /> Set up a BMR Resale $1000 per resale $ 2,000 <br /> BMR Resale:Waitlist Creation and Management $5000 per resale $ 10,000 <br /> BMR Resale:Milestone 1 (Initial Qua],Lender Pr-Approval,City Conditional Approval) $850 per applicant $ 5,100 <br /> BMR Resale:Milestone 2(Final Approval) $1500 per applicant $ 3,000 <br /> BMR Resale:Milestone 3 $1750 per closing $ 3,500 <br /> Appeals $125 per hour $ 250 <br /> Refinances $850 per refinance $ 2,550 <br /> Down Payment Assistance Loan Program <br /> DPA Loan Application Underwriting $850 per applicant $ - <br /> TRID Disclosures $200 per applicant $ - <br /> Doc Prep&Closing for DPA Loans $1000 per closing $ - <br /> Payoffs of DPA $400 per payoff $ 800 <br /> Miscellaneous <br /> Demographic Survey&Report(per Household) $15 per household $ 1,530 <br /> Restructure DPA Program(allowance) $145 per hour $ 1,450 <br /> Total Variable $ 30,180 <br /> Total Fixed(Contract Minimum) $ 43,644 <br /> Balance of Variable not covered by Program Administration Fee(aj $ 6,036 <br /> Total Contract $ 49,680 <br /> 10%Contingency $ 4,968 <br /> Contract Cap $ 54,648 <br /> Notes: <br /> (a)Hello Housing will bill 80%of the projected Variable Costs each year,prorated on an even monthly basis,as a Program Administration Fee(classified above as a <br /> Fixed Fee).As Variable Activities are performed,Hello Housing will draw against the Program Administration Fee annual total.If actual costs of Variable Activities <br /> exceed the annual Program Administration Fee,Hello Housing will bill accordingly but in no case will exceed the Contract Cap without express written permission <br /> from the City of Pleasanton. <br />
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