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Cumulative Local <br />2. Amount Paid to <br /> Match <br /> Treasurer/ACTA Shortfall <br /> Obligations <br />City X $ 600,000 $ 700,000 <br />City Y $ 300,000 $ 300,000 .- <br />Citv.Z $ 300,000 $ 150,000 <br />TOTAL $1,200,000 $1,150,000 $50,000 <br /> <br />In this example, there is a $50,000 shortfall. City Z will need to fund the $50,000 <br />shortfall from sources other than TVTD Fees. <br /> <br /> Cumulative Local <br /> 3. Amount Paid to <br /> Match <br /> Treasurer/ACTA Shortfall <br /> Obligations <br /> City X $ 600,000 $690,000 <br /> City Y $ 300,000 $200,000 <br /> Citv Z $ 300,000 $100,000 <br /> TOTAL $1,200,000 $990,000 $210,000 <br /> <br />In this example, there is a $210,000 shortfall. Because there are two Cities that have <br />a shortfall, City Ys shortfall ($100,000) is compared to its cumulative Local Match <br />obligation ($300,000). That percentage is 33.33%. Therefore, City Ys share of the <br />shortfall is $70,000 [$210,000 x 33.33%]; City Z's share of the shortfall is $140,000 <br />[$210,000 x 66.67%]. City Y and City Z will need to fund these shortfalls from <br />sources other than TVTD Fees. <br /> <br /> d. Reimbursement for Contributions Made Prior to Fee Effective Date. <br /> Within sixty days of the Fee Effective Date or its designation as <br /> Treasurer, whichever occurs later, the Treasurer shall request from <br /> ACTA a statement speci.~fying the contributions by the Parties to ACTA <br /> for the 580/680 interchange project prior to the Fee Effective Date <br /> ~vhich have been found by the ACTA Board to meet its "Policy on <br /> Reimbursement or Credit" (Exhibit B hereto). Based on this statement <br /> <br /> Joint Exercise of Powers Agreement Page l 0 of 22 <br /> TVTD Fees for Traffic Mitigation April 24 1998 <br /> <br /> <br />