AMENDMENT NO 2 __

CONTRACT NO. 36471

FOR

Review of 2004 CLEC Franchise Fees

This Contract was made and entered into on the 2nd day of February, 2006 by and between Economists.com, LLC, hereinafter called Contractor, and the City of Portland, a municipal corporation of the State of Oregon, by and through its duly authorized representatives, hereinafter called City.

1.  This contract is hereby amended to extend through September 30, 2007.

2.  Exhibit A, Statement of the Work and Payment Schedule, is amended. The Statement of the Work currently covers verification of the methodology used by Competitive Local Exchange Carriers to calculate the 5% of Gross Revenues Franchise Fee for calendar year 2004. Contractor verified the methodology for 2003-2005 and estimated underpayments. The Statement of the Work is further amended to include financial records requests and verification of franchise fee methodologies for selected companies for calendar years 2001 and 2002.

3.  Deliverables are amended. Contractor shall provide a draft report to City within 30 days of receipt of complete documentation from the Competitive Local Exchange Carriers. City shall review the draft report and provide written comments to Contractor. Contractor shall provide a final report to City within 30 days of receipt of City’s written comments.

4.  The Payment amounts are also amended. The payment amounts covering the audit and record requests for calendar years 2001-2002 shall be for professional fees and expenses, both of which are to be billed at cost and on a monthly basis. The following hourly billing rates shall apply:

 Dan V. Jackson, Managing Director -- $150

 Jo Lynn Rains, Principal Consultant -- $100

 Rebecca Schafer, Senior Consultant -- $100

5.  Additional compensation of $15,000 is needed and total contract authorization is increased to an amount not to exceed $53,375.00.

6.  All other terms and conditions shall remain unchanged and in full force and effect.

    Economists.com, LLC  

   By:          

         Date

Dan V. Jackson, Chief Executive                  (Name and Title)

                 Address: 5500 Democracy Drive, Ste 130

    Plano Texas 75024-4928306

   Telephone: 972-378-6588

Approved as to Form:  CITY OF PORTLAND

   By:          

City Attorney  Date   Auditor      Date

                 By:          

    Mayor/Elected Official  Date