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AGREEMENT <br />1. Article IV of the Amended Joint Powers Authority Agreement And Its Operative <br />Amendments is amended to add Section 7, to read as follows. <br />7. Payments to Reduce Unfunded Pension Liability. <br />A. Except as provided in subsection C, the OCFA Board shall appropriate funds <br />in its budget annually consistent with, or greater than, the budgetary payments <br />called for in the "snowball" accelerated pension liability paydown plan approved <br />by the OCFA Board of Directors on September 26, 2013, and amended on <br />November 19, 2015, November 17, 2016, and March 23, 2017. <br />B. Payments will be greater than those appropriated in the OCFA's budget <br />annually when triggered by a Net General Fund Surplus (per the Financial <br />Stability Budget Policy). Payments from the "Net General Fund Surplus" are <br />hereby deemed as derived from revenues received by overfunded structural <br />fire fund cities as determined by the equity calculation required under Article <br />IV, Section 4 — Equity. <br />C. Appropriations and payments required by subsection A and B may be reduced <br />to the extent the Board determines, by vote approved by two-thirds of the <br />Board, is necessary to address a fiscal hardship. <br />1) For purposes of this section, "fiscal hardship" shall refer to a substantial <br />reduction in OCFA anticipated revenue and/or a significant increase in <br />anticipated expenses that are beyond the reasonable control of the <br />OCFA Board. <br />2. This Fourth Amendment amends the 1999 Amended Agreement And Its <br />Operative Amendments, and except as specifically amended herein, the 1999 <br />Amended Agreement And its Operative Amendments shall remain in full force <br />and effect. <br />[SIGNATURES ON FOLLOWING PAGES] <br />1328404.2 3 <br />55D-13 <br />