HomeMy WebLinkAboutExhibit 1B-SUBAttachment B
Compensation
CIP Independent Counsel shall be paid a standard monthly rate of $17,875 for services
performed. The monthly fee shall be dispersed as follows:
DESCRIPTION MONTHLY ANNUALLY
TOTAL PACKAGE $ 17,875.00 $ 214,500.00
FEE: $14,583.34 $175,000.08
DIRECT PAYMENTS: Dispersed separately in amounts not to exceed:
Car Allowance $ 800.00 $ 9,600.00
Cellular Telephone 200.00 2,400.00
Health Insurance 950.00 11,400.00
Life Insurance 200.00 2,400.00
401(k) 1,141.66 13,699.92
$3,291.66 $39,499.92
Malpractice, along with any other insurance as required by the City of Miami to be
reimbursed.
*NOTE: As a "self-employed" individual, Mr. Mays will be responsible for
payment of own FICA and Social Security taxes. This amount is projected to be
approximately $16,982.00.
00 :T ,c
Attachment B
Compensation
CIP !ndndent Counsel shall be paid a standard monthly rat of $17,875.00 for services
performed a 'tied:
DESCRIPTION MONTHLY ANNUA Y
FEE: $14,583.34 $175, 0.08
DIRECT PAYMENTS (in ams nts not to exceed)
Car Allowance .00 9,600.00
Malpractice Insurance*
Cellular Telephone 200.00 2,400.00
Health Insurance 950.00 11,400.00
Life Insurance 200.00 2,400.00
Pension 1,141.66 13,699.92
TOTAL $ 17,875.11 $ 14,50000
* To be reimbursed for appropriate i'surarice as required by e City of Miami.
SuBs-rii-v-TED
c:CIP- Draft K for Independent Coonsel(1-26-05 rc Mays) I (2)
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