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will be reduced from 1,950 to 1,850 AFY for Scenario 1 and .from 2,000 to 1,900 <br />AFY under Scenario 2: <br />Scenario 1: Ultimate Yield := 1,950 AFY <br />63% of Ultimate Yield = 0.63 x 1,950 = 1,229 AFY <br />Shortfall = 1,229 - 1,029 = 200 AFY <br />Revised Ultimate Yield =1,950 - (0.5 x 200) =: 1,850 AFY <br />Scenario 2: Ultimate Yield = 2,000 AFY <br />63% of Ultimate Yield = 0.63 x 2,000 = 1,260 AFY <br />Shortfall = 1,260 - 1,060 = 200 AFY <br />Revised Ultimate Yield = 2,000 - (0.5 x 200) = 1,900 AFY <br />e. If the Allowable Yield during Fiscal Years 2011-12 through 2014-15 (and every <br />four-year period thereafter) does not reach the target yield of 75% of the Ultimate <br />Yield, then Metropolitan will reduce the Ultimate Yield (or the revised Ultimate <br />Yield) by one-half the target shortfall using the highest Allowable Yield produced <br />in that period. The adjustinent will be made, using the same methodology shown <br />in the above examples. <br />2. If the project reaches its Ultimate Yield in any one Fiscal Year, there will be no <br />adjustment to the Ultimate Yield thereafter. <br />Agreement 22156 -24- <br />Scenario I <br />Scenario 2 <br />Fiscal Year after <br />agreement execution <br />Allowable <br />Yield (AFY) <br />Allowable <br />Yield (AFY) <br />2007-08 <br />700 <br />900 <br />2008-09 <br />800 <br />1,000 <br />2009-10 <br />1,029 <br />1,000 <br />2010-11 <br />900 <br />1,060 <br />Scenario 1: Ultimate Yield := 1,950 AFY <br />63% of Ultimate Yield = 0.63 x 1,950 = 1,229 AFY <br />Shortfall = 1,229 - 1,029 = 200 AFY <br />Revised Ultimate Yield =1,950 - (0.5 x 200) =: 1,850 AFY <br />Scenario 2: Ultimate Yield = 2,000 AFY <br />63% of Ultimate Yield = 0.63 x 2,000 = 1,260 AFY <br />Shortfall = 1,260 - 1,060 = 200 AFY <br />Revised Ultimate Yield = 2,000 - (0.5 x 200) = 1,900 AFY <br />e. If the Allowable Yield during Fiscal Years 2011-12 through 2014-15 (and every <br />four-year period thereafter) does not reach the target yield of 75% of the Ultimate <br />Yield, then Metropolitan will reduce the Ultimate Yield (or the revised Ultimate <br />Yield) by one-half the target shortfall using the highest Allowable Yield produced <br />in that period. The adjustinent will be made, using the same methodology shown <br />in the above examples. <br />2. If the project reaches its Ultimate Yield in any one Fiscal Year, there will be no <br />adjustment to the Ultimate Yield thereafter. <br />Agreement 22156 -24- <br />