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Jurisdictional SFF Revenue Figure for the City of Irvine, net of the JEAP payment
<br />calculated in Section 4.A(6), exceeds that year's corresponding annual Not -To -
<br />Exceed amount ("NTE") as set forth in Section 4.13(2) below.
<br />(2) The NTE for Fiscal Year 2013/14 shall be the amount
<br />of base SFF revenue that the Authority received from properties located within
<br />the City of Irvine jurisdiction in the Fiscal Year 2012/13, which was $59,635,863,
<br />plus 3.5%. The NTE shall increase each fiscal year by 3.5%. The NTE for each
<br />fiscal year from 2013/14 to 2029130 for the City of Irvine is therefore as follows:
<br />FY 2013/14 SFF Revenue NTE:
<br />FY 2014115 SFF Revenue NTE:
<br />FY 2015/16 SFF Revenue NTE:
<br />FY 2016/17 SFF Revenue NTE:
<br />FY 2017/18 SFF Revenue NTE:
<br />FY 2018119 SFF Revenue NTE:
<br />FY 2019120 SFF Revenue NTE:
<br />FY 2020121 SFF Revenue NTE:
<br />FY 2021/22 SFF Revenue NTE:
<br />FY 2022123 SFF Revenue NTE:
<br />FY 2023124 SFF Revenue NTE:
<br />FY 2024125 SFF Revenue NTE:
<br />FY 2025/26 SFF Revenue NTE:
<br />FY 2026/27 SFF Revenue NTE:
<br />FY 2027128 SFF Revenue NTE:
<br />FY 2028/29 SFF Revenue NTE:
<br />FY 2029/30 SFF Revenue NTE:
<br />$59,635,863 X 1,035 = $61,723.118
<br />$61,723.118 X 1.036 - $63,883,427
<br />$63,883,427 X 1.035 = $66,119,347
<br />$68,119,347 X 1.035 = $68,433,524
<br />$68,433,624 X 1.035 = $70,828,697
<br />$70,828,697 X 1.035 = $73,307,701
<br />$73,307,701 X 1.035 = $75,873,471
<br />$75,873,471 X 1.035 = $78,529,042
<br />$78,529,042 X 1.035 - $81,277,668
<br />$81,277,658 X 1.035 = $84,122,273
<br />$84,122,273 X 1.035 = $87,066,553
<br />$87,066,653 X 1.035 - $90,113,882
<br />$90,113,802 X 1.035 = $93,267,868
<br />$93,267.868 X 1.035 = $96,532,243
<br />$96,532,243 X 1.035 = $99,910,872
<br />$99,910,872 X 1.036 = $103,407,763
<br />$103,407,753 X 1.035 = $107,027,024
<br />(3) In any fiscal year in which the Jurisdictional SFF
<br />Revenue Figure for the City of Irvine, net of the JEAP calculated in Section
<br />4.A(6), is greater than the NTE provided in Section 4.B.(2), the excess revenue
<br />shall be paid to the City of Irvine as an additional JEAP.
<br />955601.1 8
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