2.4. ERMUSR 09-08-2015 - Laserfiche WebLink

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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 other publication as the Bureau of Economic Analysis may establish in the future for the Index. (b) To establish the indexed loss-of-revenue rate for a particular year, the Parties will multiply the loss-of-revenue rate of compensation as stated in Section 2.3 (a) or (b) times the index for the particular year, divided by the index for year 2014. The indexed loss-of-revenue rate thus established will apply to any Affected Area transferred during the period January 1st through December 31st 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 decrease shall be capped at two percent. (d) For each Affected Area transferred, the indexed loss-of-revenue rate shall be recalculated for each year throughout the ten-year compensation period. (e) Notwithstanding any other provision in this Agreement, the loss-of- revenue rate of compensation 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 55