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Exhibit C <br />ABM Parking Operator <br />5 Year Budget Overview + Optional Year Budgets <br />Agreement Years 1.5 <br />Estimate Ex enses <br />Projected Revenue <br />Year 1 <br />$ <br />1,059,540 <br />$ <br />1,796,410 <br />Year <br />$ <br />1,142,517 <br />$ <br />1,796,410 <br />Year <br />$ <br />IJ68.143 <br />$ <br />1,796,410 <br />Year 4 <br />$ <br />1,226,550 <br />$ <br />1,796,410 <br />Year <br />$ <br />1,287,878 <br />$ <br />1,796,410 <br />Optional Years 6-10 if approved by The City) <br />Estimate Expenses <br />Pro'ecTed Revenue <br />Year <br />$ <br />1,352,272 <br />$ <br />1,796,410 <br />Year <br />$ <br />1,419,885 <br />$ <br />1,796,410 <br />Year <br />$ <br />1,490,880 <br />$ <br />1,796,410 <br />Year <br />$ <br />1,565,424 <br />$ <br />1,796,410 <br />Year 10 <br />$ <br />1,643,695 <br />$ <br />1,796,410 <br />Total Year 1.10 <br />Estimate Expenses Year 1-10 <br />Protected Revenue <br />$13,326,785 <br />$17,964,100 <br />Important Note: The annual expenses are projected to start at $1,059,540.37 with a projected annual CPI increase of 5°% (at <br />the City's discretion and negotiation). The annual revenue is projected to be $1,796,410 and is programmed to cover the <br />operational costs of the parking facilities and allocate funds for several deferred maintenance items and augmented <br />services. Please note that expenses and revenue are projections and may fluctuate. <br />