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<br />operating and debt service, Fire, Library, Florida Inland Navigation, and
<br />Everglades Project, South Florida Water Management District property
<br />taxes and other applicable taxes ("Regional Taxes") paid by FP&L on its
<br />real and personal property within the respective corporate limits and
<br />service areas of the Recipients excluding any Regional Taxes paid on
<br />real and property associated with the Turkey Point and Cutler Power
<br />Generating Facility properties. See Column C.
<br />
<br />d. Determine the difference of the Gross Revenues less the
<br />Municipal Taxes and the Regional Taxes as defined above in items band
<br />c (Adjusted Franchise Fees"). See Column D.
<br />
<br />e. Subtract from the Adjusted Franchise Fees for each City the
<br />equivalent Regional Taxes paid by FP&L for property in cities which
<br />have a separately executed franchise agreement with FP&L which
<br />was in effect as of the date of the Franchise Ordinance and the
<br />Regional Taxes paid by FP&L on Turkey Point and Cutler Power
<br />Generating Facilities that is recognized as a deduction by FP&L for
<br />the remittance of Franchise Fees to the County apportioned among
<br />the Recipients and based on the percent of each recipient's Adjusted
<br />Recipient Revenue to the total Adjusted Recipient for all recipients,
<br />(Prorated Amount). See Column E.
<br />
<br />f. The amount of the Franchise Fees to be paid by the
<br />County to the Cities shall be determined by subtracting from the
<br />Adjusted Recipient Revenue the apportioned Regional Taxes paid by
<br />FP&L on property in cities which have a separately executed
<br />franchise agreement as referenced in item e above (the Net Franchise
<br />Fees). See Column F.
<br />
<br />TABLE 1 A B C 0 E F
<br /> Gross Municipal Regional Taxes Subtotal Prorate Old
<br />NEW METHOD: Revenue Taxes (without PP) (without PP) Cities and PPs NEW METHOD
<br />Key Biscayne 1,052,948.54 (30,067.17) (65,751.72) 957,129.65 (183,488.76) 773,640.89
<br />Aventura 2,935,149.30 (52,721.24) , (249,678.96) 2,632,749.10. (504,717.28) 2,128,031.82
<br />Pinecrest 1,410,244.51 (26,993&!L_1115,092~g) :~J)6~158.10. ~43,115.191 1,025,042.90
<br />Sunny Isles 1,154,787.41 (1(~~:~~~}- giH~m--~:i~~;r I = ~~ ~~:~~~~~} 782,886.21
<br />Palmetto Bay 1,318,971.46 754,748.76
<br />Doral 2,183,185.46 (28,207.91) (115,562,24) 2,039,415.31 (390,970.85) 1,648,444.47
<br />Miami Gardens 3,559,496.12 (57,675.45) (166,726,69) 3,335,093.98 (639,361.93) 2,695,732.04
<br />Miami Lakes 1,884,173.36 (44,918.20) (162,685.02) 1,676,570.14 I (321,410.77) 1,355,159.37
<br />UMSA 54,913,188.18 (4,093,088.04) . (8,602,362.23) 42,217,737.9-J-k(8,093,449.45) 34,124,288.46
<br />Total 70,412,144.34 (4,492,244.38) . (9,890,721.27) 56,029,178,69 (10,741,203.77) 45,287,974.92
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<br />SIB
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