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TO 5390575 P.e2 <br />INDIAN RIVER COUNTY <br />IEEE PROPOSAL <br />In connection with the Indian River County Solid Waste System project, <br />Government Financial Advisors, Inc. (GIA) proposes a fee for professional <br />services of not to exceed $7,000. We have identified the following three phases <br />of the Project for billing purposes: <br />(1) Develop a working model for the Capital Improvement Ilan (CIP); <br />(2) Analyze the County's existing rate structure as compared to the CIP <br />and analyze debt capacity: and <br />(3) Develop financing Options for the CIP (pay-as-you-go, short-term <br />borrowings, long-term bonds, and combinations thereof). <br />Matters undertaken which are outside of the scope of services set forth above will <br />be billed at the hourly rates set forth below. <br />Hourly Rata. <br />Each professional employees is billed at his or her hourly rate based <br />on experience and seniority. Our standard hourly rates are: <br />CEO $185 <br />Sr. Vice President $165 <br />Analyst $110 <br />Expenses. GFA bills its client for reasonable out-of-pocket expenses <br />incurred in connection with a client's business, and will provide docunicniation in <br />accordance with the County's policies. GFA rates include: no charge for faxes. <br />received. $2 per page for faxes sent, S.25 per page for B&W photocopies, $1.50 <br />per page for color photocopies, IRS -provided amount for mileage rcirnbursement. <br />Outside services such as express delivery services, outside computer service <br />provide m. long-distance telephone, airplane, hotel, etc, are billed at cast. <br />CovemvmENr FINANCIAL AovlsoRs, IN+C, ♦ Page T <br />