6.1.f. ERMUSR 03-17-2015 - Laserfiche WebLink

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3/17 Draft: For presentation to Board Commerce, published periodically as the Gross Domestic Product: 4th Quarter Final Press Release on or about March, and reflecting the percentage of change for the immediately preceding year for Gross Domestic Product (the "Index"), as published in the table entitled Price Indexes for Gross Domestic Product and Related Measures: Percent Change from the Preceding period, or in such !:E er publication as the Bureau / of Economic Analysis may establish in the future fo ,t dex, (b) To establish the indexed loss-of-r- <'nue e , for a particular year, the Parties will multiply the loss-of-revenue rr , df compensation tated in Section 2.3 (a) or(b) times the index for the particular ye'a[r,divided the index f�.-/year 2014. The by 'fir indexed loss-of-revenue rate thu st biished will a yt... to any Affected Area transferred � p�Cy y during the period January 1st throug kpeceMber 318 t of"that year. (c) If the Index/,produces "an increase or a decrease in the rate of compensation greater than two";percent for,any year, the amount of the increase or 'edecrease shallbe capped a QOent (d) For each Affected Area transferred, the indexed loss-of-revenue rate shall be recalculated for each yeah throu4'hout the ten-year compensation period. (e) Notwithstanding any other provision in this Agreement, the loss-of- revenue rate of compensat[on shall not exceed three cents ($0.03) per kilowatt hour. 2.5 Municipal Development. Consistent with Sections 1.1 and 1.2, and notwithstanding Section 2.3, for any Affected Area or portion thereof that the Municipal or the City owns or acquires at its cost or risk and develops by installing or replacing trunk utility facilities or streets, without requiring a property owner to pay the costs of such trunk installation or replacement, the loss-of-revenue rate shall be one cent ($0.01) times each kilowatt hour of electric energy sold by the Municipal to each third-party 6