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6. Compensation <br /> 6.1 Administrative Fees. <br /> 6.1.1 Company shall pay a one-time fee of Four Thousand and 00/100 Dollars <br /> ($4,000.00) for the administrative expenses associated with development and <br /> negotiation of this Agreement. <br /> 6.1.2 In addition to the foregoing, Company shall pay a non-refundable <br /> administrative fee equal to the City's estimate of all reasonable, actual costs <br /> and expenses incurred by the City in the review of an application for and the <br /> Site License Addendum (the "Administrative Fee"), which amount shall be <br /> established in accordance with applicable laws. The initial amount of the <br /> Administrative Fee will be$160,and any change in the Administrative Fee will <br /> be published by the City on the City website. The Administrative Fee will be <br /> submitted with every Site License Addendum as a prerequisite to begin review <br /> of the Site License Addendum, or in the sole discretion of the City, within 30 <br /> days after an invoice is received by Company. Any additional actual costs <br /> incurred in excess of the City's published Administrative Fee related to its <br /> review of the Site License Addendum shall be paid by the Company within <br /> thirty (30) days of an invoice by the City so long as such additional costs are <br /> not pre-empted under federal law. Any and all permitting costs, including <br /> without limitation, public works permits, land use approvals, and/or building <br /> permits are in addition to this Administrative Fee. <br /> 6.1.3 If Company desires to make any modifications (not including regular <br /> maintenance of the Site Equipment)to the Site Equipment,then Company shall <br /> be required to submit a new Site License Addendum with the Administrative <br /> Fee consistent with Section 6.1.2 above. Notwithstanding the foregoing, <br /> Company shall have the right to amend the Site License Addendum to correct <br /> errors or provide additional information without having to pay a second <br /> Administrative Fee. <br /> 6.2 Rent. <br /> 6.2.1 Subject to Section 6.3 below, rent for each Small Cell facility installed under <br /> each Site License Addendum shall equal to Two Hundred Seventy and 00/100 <br /> Dollars ($270.00) per year ("Rent"). Rent shall be due regardless of whether <br /> Company has installed the Site Equipment on the City Pole, provided that the <br /> City has approved the Site License Addendum for the City Pole. <br /> 6.2.2 Rent is due annually on or before January 1st of each year. Rent for each Site <br /> License Addendum commences on the first day of the month following <br /> execution of the Site License Addendum pro-rated through December 31 st of <br /> that year. The Rent will increase as of January 1st of each successive year by <br /> adding an adjustment equal to three percent(3%) over the annual Rent for the <br /> immediately preceding year. <br /> 5 <br />