Reasonable fees billed to the city by private attorneys shall be paid at the rates specified in the written contract; except, where the fees billed, exclusive of court costs and out-of-pocket expenses, exceed the following amounts, the hourly rates payable to each attorney or category of attorneys specified in the written contract referred to in § 2-26.3 and any special hourly rates specified in the contract shall be reduced by the following percentages and applied to fees billed in excess of the threshold amounts:
(1) Where fees billed exceed $100,000, the hourly rates shall be reduced by 5 percent;
(2) Where fees billed exceed $300,000, the hourly rates shall be reduced by 10 percent;
(3) Where fees billed exceed $500,000, the hourly rates shall be reduced by 20 percent;
(4) Where fees billed exceed $750,000, the hourly rates shall be reduced by 25 percent; and
(5) Where fees billed exceed $1,000,000, the hourly rates shall be reduced by 30 percent.
(1990 Code, Ch. 2, Art. 26, § 2-26.7) (Added by Ord. 94-27)