Finance Committee - Agenda - 10/21/2020 - P13

The contract amendment changes the language in Section 5. Compensation a. Contracting Fee —

Variable Costs and,

I. All language referring specifically to 5. Compensation a. Contracting Fee— Variable

Costs; shall be changed to the following:

Variable Costs; Year 1 Year 2 Year 3 Year 4 Year 5 Totals
Jul. 1, 20- | Dec. 1, 20-—
Nov. 30, 20 | Fun. 30, 21
Original Variable Rate $28.90 $30.85 $30.85 $32.29 $33.69 $35.33 $33.04
Average
New Variable Rate § 28.90 $ 30.85 3 33.82 $ 34.83 3 35.96 3 37.06 335.42
Average
Rate Adjustment $0.00 $0.00 $2.97 $2.54 $2.27 $1.73 $1.62
Average
Rate Adjustment Impact $0.00 $ 0.00 5 74,523 $ 115,734 | $103,299 | $78,501 | $372,056
based on Estimated Hours

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