149-26 Agreement with Blau and Blau (with continency language) redlined.doc.pdf

(c) Any and all work performed pursuant to this Agreement shall be performed to Deleted: b acceptable practices, and standards within the industry and to the satisfaction of the Township. 2. CONSIDERATION The Township shall compensate the Professional as follows: • A flat fee of $72,000.00 per year billed at a rate of $6,000.00 per month for the first 40 cases filed in 2025 and each additional case at a rate of $1,500.00 per case. • $150.00 per hour for trials including pre-trial preparation and post-trial work. (a) The Professional shall be compensated on a contingent fee basis of one-third of the money obtained for the Township from reverse appeal cases filed during the term of the contract. The professional will be responsible for all costs associated with filing the affirmative appeals including but not limited to filing fees, appraisal fees, copying, postage, delivery services, preparation of trial exhibits etc. The Professional shall only file those reverse appeals agreed upon and approved by the Governing Body and/or the Township Attorney. . It is contemplated that Blau & Blau would submit a list of recommended appeals to the Township. All property classes will be considered. It is contemplated that the Blau & Blau will recommend appeals and will not be obligated to file an appeal unless it believes the property is substantially under assessed ($25,000 or more of anticipated tax increase). It is contemplated that counsel will recommend settlement of the Reverse Tax Appeals from time to time as Counsel may deem appropriate. In the event that the Township refuses to accept Counsel’s recommendation to settle a matter, the Township shall be responsible at a minimum for payment of the contingent fee based upon the recommendation and reimbursement of Counsel’s actual out of pocket expenses related to that Affirmative Appeal. • The Professional will not charge for incidental expenses such as mileage, parking, copying, postage or delivery services but will seek reimbursement for extraordinary expenses such as court reporters or transcripts. • The Professional shall not charge for meetings with the tax assessor or

r delivery services but will seek reimbursement for extraordinary expenses such as court reporters or transcripts. • The Professional shall not charge for meetings with the tax assessor or appraisal expert. 2