7.40.040 Grant administration fee schedule.
(a) To administer grants, unless the Council determines it is otherwise appropriate, the City shall retain fees from the grant funds computed as follows:
Grant Amount |
Base Amount % |
Fee |
---|---|---|
$00 – $ 10,000.00 |
$00 + 10% |
$00 |
$010,001.00 – $ 50,000.00 |
$01,000.00 + 8% over |
$010,000.00 |
$050,001.00 – $100,000.00 |
$04,200.00 + 6% over |
$050,000.00 |
$100,001.00 – $150,000.00 |
$07,200.00 + 4% over |
$100,000.00 |
$150,001.00 – $200,000.00 |
$09,200.00 + 2% over |
$150,000.00 |
$200,001.00 – Upward |
$10,200.00 + 1/2% over |
$200,000.00 |
(b) If the City Manager determines that administration of a specific grant will place extraordinary burdens upon the City, a higher administrative fee may be charged with authorization of the City Council if in compliance with the terms of the grant.
(Ord. 2159-2006)