RES 98130 - Laserfiche WebLink

3EP-09-98 WED 09:44 ~EYERS,NAVE,RIBAOgSILV. FAX NO. 510 351 4481 P. 04/07 (hesng the portions of each rcc dolI~t attributable m the automaUc escMator) disbursed to Pleasanton. (d) Unlc~ terminated t:arlier, this agreement and the pa.,,m~ents to Plcasanton sirall terminate when the First Component is reduced to zero. The Fir.~t Compuncnt shall be reducea ~-: Base Fees as they a~'e received (before witl~holding the Administrative Fee) until ~he First Component is reduced m ~ero. 'l'he reaucaon of the First Component is illustrated b'), ~1~ following example: Assran= d~e effectWc date of die a~eement is October t and the First Component is 57,238.000 and the base fee is $~1 .{6. ,~umc tluuugh August 31. 1999 Dublin has coilerred $300,000 in fees. all of which will be credited against the First Component. Dublin would bye ret~tincd $3,000 a~ its Admini~rntiv~ Fee (1% of 53oo.o0o), anti would ~ava disbursed the t=mainder of $297,001). The First Cc~rnponent would be recluccci bv 5300.000 to become $6,9.38 ;~sume the CPi in lune 1999 w~s 3.4%. On Septembcr I. 1999. I.l~e fee x,-kll automaticall~ n:ute~e to S)? l q (Ba~e Fee of $21.46 and g~calatuz Fee of , g0.73). Assume through Augus~ *$1, 2000 Dublin has collected $300,000 in fees. O: this amount $9.865 would h=ve been attributable to the automatic escalator F. lublin wuuld have rer. amed ..qS.OU0 as its Administrative Fee (1% of $300,000), and would have disbursed the ren~aincler of $297,000. The First Component would be reduced hv S')q0, 1 'g~ to become S6,647,865. A~aumc the CPI in Juitc 2000 wa.~ 3.4%. On September 1, 2000, dtc fee v,ill automatically insease to $22.94 (Base Fee of $21.46 and Escalator Fee of $1.18). Assume 0.uuugh August 31, ~001 Dublin has collcctcd 5300,000 ill fees. C)f this ~n~ou~tt 519 .'I05 would have ~een attributable to the automatic escalator. l)ubli~t would have re.t,nmed 53,000 as its Administrative Fee ( I% of S300.0A0), and would have d~sburgecl the remainder of $297,000. The FIrst Component would be reduced by 5280,595 to become 56,367,269. Assume the CPI i,~ June 2001 was 3.4%. On September i, 2001, the fee ,,viII automatically increase to 523.72 (R=~e Fee of $21.46 ~nd Escalator' Fee of g~.')6). Assun~e thtuugh August 31,2002 Dublin has collected $g00,000 i:t fees. Of this amount 576,350 would have h~en attributable to the automatic escalator. Dublin ~.uuld have retame~ $~.oU0 as i,g Administrative Fee ( 1% tff $800.000), ~nd F~eway Interchange Fe~ Agteemcrtt Png. 4 of 7 September' 9, I