Common use of Airport Storm Water Utility Boundary Area Clause in Contracts

Airport Storm Water Utility Boundary Area. The Port agrees to pay the City an annual surface water management fee of $1,274,952.87 for properties located within the Airport Storm Water Utility Boundary Area, as further depicted in Appendix 6A, beginning in 2018 for the duration of the Agreement. The City and Port agree that the Airport and the areas within the Airport Storm Water Utility Boundary are unique within the rate structure identified in SeaTac Municipal Code 12.10.225. Therefore, the City and the Port agree that the Airport Storm Water Utility Boundary Area shall be treated as a single aggregate parcel consisting of 2,005.00 acres to establish a surface water fee for the term of this Agreement, which is calculated in the table below. Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount 2018 Storm Water Fee (Base on 2005.00 acres at $1,220.29 per acre)1 $2,446,681.45 25% NPDES Phase II Compliance Rebate (non-residential parcels)2 <$611,670.36> 15% NPDES Permit Compliance Rebate (airport specific)3 <$367,002.22> Regional Flow Control Facility and Natural Resources Area Credit4 <$193,056.00> Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount Annual Surface Water Fee $1,274,952.87

Airport Storm Water Utility Boundary Area. ‌ The Port agrees to pay the City an annual surface water management fee of $1,274,952.87 as described in Subsection 2.5.A. for properties located within the Airport Storm Water Utility Boundary Area, as further depicted in Appendix 6A, beginning in 2018 for the duration of the Agreement. The City and Port agree that the Airport and the areas within the Airport Storm Water Utility Boundary are unique within the rate structure identified in SeaTac Municipal Code 12.10.225. Therefore, the City and the Port agree that the Airport Storm Water Utility Boundary Area shall be treated as a single aggregate parcel consisting of 2,005.00 acres to establish a surface water fee for the term of this Agreement, which is calculated in the table below. Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount 2018 Storm Water Fee (Base Based on 2005.00 acres at $1,220.29 per acre)1 $2,446,681.45 25% NPDES Phase II Compliance Rebate (non-residential parcels)2 <$611,670.36> 15% NPDES Permit Compliance Rebate (airport specific)3 <$367,002.22> Regional Flow Control Facility and Natural Resources Area Credit4 <$193,056.00> Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount Resources Area Credit4 Annual Surface Water Fee $1,274,952.87

Airport Storm Water Utility Boundary Area. The Port agrees to pay the City an annual surface water management fee of $1,274,952.87 for properties located within the Airport Storm Water Utility Boundary Area, as further described depicted in Appendix 6A, beginning in 2018 for the duration of the Agreement. The City and Port agree that the Airport and the areas within the Airport Storm Water Utility Boundary Area are unique and are not represented within the rate structure identified in SeaTac Municipal Code 12.10.225. Therefore, the City and the Port agree that the Airport Storm Water Utility Boundary Area shall be treated as a single aggregate parcel consisting of 2,005.00 2,041.82,005.00 acres to establish a surface water fee for the term of this Agreement, which is calculated in the table below. Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount 2018 Storm Water Fee (Base on 2005.00 2,041.82005.00 acres at $1,220.29 per acre)1 $2,446,681.45 2,446,681.452,491,588.12 25% NPDES Phase II Compliance Rebate (non-residential parcels)2 <$611,670.36611,670.36622,897.03> 15% NPDES Permit Compliance Rebate (airport specific)3 <$367,002.22367,002.22373,738.22> Regional Flow Control Facility and Natural Resources Area Credit4 <$193,056.00193,056.00220,000.00> Airport Storm Water Utility Boundary Area Fee Calculation Table Description Amount Annual Surface Water Fee $1,274,952.87