3.24.040 Grant administration fee schedule.
This section is included in your selections.
To administer grants, the city shall retain fees from the grant funds computed as follows:
|
Grant Amount |
Base Amount % Fee |
||||
|---|---|---|---|---|---|
|
$ 0 |
– |
$ 10,000.00 |
$ 0 |
+10% |
$ |
|
10,001.00 |
– |
50,000.00 |
1,000.00 |
+ 8% over |
10,000.00 |
|
50,001.00 |
– |
100,000.00 |
4,200.00 |
+ 6% over |
50,000.00 |
|
100,001.00 |
– |
150,000.00 |
7,200.00 |
+ 4% over |
100,000.00 |
|
150,001.00 |
– |
200,000.00 |
9,200.00 |
+ 2% over |
150,000.00 |
|
200,001.00 |
– |
Upward |
10,200.00 |
+ 1/2% over |
200,000.00 |
(Ord. 449 § 3, 1992)