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Cumulative Local <br /> 3. Amount Paid to <br /> Match <br /> Treasurer/ACTA Shortfall <br /> Obligations <br /> Citv X $ 600,000 $690,000 <br /> Citv Y $ 300,000 $200,000 <br /> City 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 specifying the contributions by the Parties to ACTA <br /> for the 580/680 interchange project prior to the Fee Effective Date <br /> which have been found by the ACTA Board to meet its "Policy on <br /> Reimbursement or Credit" (~ hereto). Based on this statement <br /> and following payment to ACTA of $5,548,300 (less any contributions <br /> by Parties subject to reimbursement pursuant to this subsection), the <br /> Treasurer shall reimburse the Party or Parties that made such <br /> contributions, in the chronological order such contributions were made, <br /> together with 5% annual simple interest calculated from the Fee <br /> Effective Date, with the exception of the following contributions: <br /> <br /> i. County of Alameda, $45,000, <br /> ii. City of Dublin, $111,700, <br /> iii. City of Livermore, $111,700, <br />- iv. City of Pleasanton, $203,700, <br /> <br /> loint Exercise of Powers Agreement Page 10 of 21 <br /> TVTD Fees for T-nffic Mitigation lune 2, 1998 <br /> <br /> <br />