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_ .... ... . ~_._: ~....:`. _... ....... _ ~. .....----. .. ._ <br />SCHEDULEI <br />I~~INNER OF PAI'INCr Iv1~NAGEMENT FEE <br />2-1 BASIS OF COMP~NSATION <br />2.1 _O 1 The Ov~~n~r shaIl compensate the Manager for the services performed under this <br />A~reement as follo~vs_ <br />A totaI professional services fee of $437,500_00 (the `Basic Fee") plus <br />reimbursable expenses pursuant to paragraph 2_2 which shaII not e~ceed <br />~ZS,OOOAO. <br />2.I.02 5% of the cost of each Change in axcess of 30 Changes, as provided in Section <br />6_2 of the Agreement. _ <br />2.1.03 Payments for reimbursable expenses shall be ma.de from the Manage~s invoice <br />submitted to O~~ner no more frequently tha.n on a monthIy basis. The Basic Fee shall be paid in <br />22 equal monthly instaliments of $19,886.36 each beginning on July 1, 1998, and contiauing on <br />the first day of each caIeridar month thereafter throughout the month following the end of the <br />Term_ Invoices far fees shail inciude a narrative description of services rendered during the <br />preceding month. <br />2_ 1_04 Payments due the Manager under this Agreement and unpaid after 30 days Erom <br />the date of the Manage~s invoice, shall bear interest at the rate of 1.S% of the amount unpaid per <br />month_ <br />2.2 REI141BURS.a.BX,E EXPENSES <br />Reimbursable Expenses, if reasonably and necessariiy incurred, are in addition to the <br />compensauon for services, and include actual expenditures made by the Msnager and the <br />Manager's employees and subconsultants in thc int~rest of the Project Reimbursable expenses <br />include: <br />(a) Long distance and telephone communications_ <br />(b) Expense of reprnductions, handling of drawings, specifications, and other <br />documents, excludins reproduetions made by Manager in Manager's offce. <br />(c) Mileage at $0_3I~ per mile and travel expenses_ <br />(d) Postage, co~er services, and oyern.i~t mail secvices_ <br />(e) Othez~ out-of-pocket costs incurred by Manager payable to third parties in <br />connection with its services rendered under the A~-eement but only if the expenses are fust <br />appro~ed by Ow-ner_ <br />oi`s~vo.os <br />