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(ii) 32% of Developer's Estimated Required <br /> Payment is approximately $154,300 (0.32 x $482,149) ; <br /> and <br /> • <br /> (iii) the difference between $374,750 and <br /> $154,300 is $220,450, which constitutes the amount paid <br /> in excess of such allocable share. <br /> Assume that (1) the next Contributing Project is <br /> required to fund an additional Traffic Mitigation <br /> Improvement, the actual cost of which is $325,000, and (2) <br /> such Contributing Project's total Estimated Required Payment <br /> is $250,000. A Reimbursement Fee would then be payable to <br /> such Contributing Project in the amount of $75,000 (namely, <br /> the difference between $325,000 and $250,000) 1. Assume <br /> further that an additional Contributing Project is <br /> constructed at a time when no additional Traffic Mitigation <br /> Improvement must be constructed, and that such Contributing <br /> Project pays to the City, at issuance of the building permit <br /> therefor, its Estimated Required Payment of $100,000 <br /> (including the accrual factor, to the extent applicable, <br /> referred to in subparagraph (c) (ii) above) . Said $100,000 <br /> would be paid by the City, by way of partial pro rata <br /> repayment of Reimbursement Fees, to Developer ($74,600) and <br /> to the second Contributing Project in the example ($25,400) , <br /> which payments reflect a proportional allocation. between <br /> Developer (owed .a Reimbursement Fee of $220,450) and the <br /> second Contributing Project (owed a Reimbursement Fee of <br /> $75,000) . <br /> As provided in subparagraph (e) above, an accrual <br /> factor (at the Prime Rate) shall be added to unpaid <br /> Reimbursement Fees. By way of illustration utilizing the <br /> foregoing example, assume that the $100,000 is paid by the <br /> City to Developer and the second Contributing Project two <br /> years and one year, respectively, after each ;had advanced <br /> funds to pay for the particular Traffic Mitigation <br /> Improvement required at the time their respective building <br /> permits were issued; .assume further that the Prime Rate was <br /> 8% per annum during the two-year period referred to, and <br /> that such two-year period commenced after January 1, 1999. <br /> The total Reimbursement Fee due Developer would be the sum <br /> of $220,450 plus approximately $35,270 (namely, two years' <br /> accrual at 8% on $220,450) , or a total of $255,720. <br /> Similarly, the total Reimbursement Fee due the second <br /> Contributing Project would be $75,000 plus $6,000 (one <br /> year's accrual at 8% on $75,000) , or a total of $81,000. <br /> Using the foregoing figures, the $100,000 would be allocated <br /> $75,900 to Developer and $24, 100 to the second Contributing <br /> Project, in proportion to the total Reimbursement Fees <br /> (including the accrual) owed to each at the date of <br /> reimbursement by the City. <br /> (g) 6 - - _ . _ - = , - _ . _ -._ = <br /> The current Estimated Traffic Mitigation Improvements Costs <br /> -a- <br />