Common use of DISTRIBUTION PERCENTAGES Clause in Contracts

DISTRIBUTION PERCENTAGES. City of Alpharetta 11.22% City of Chattahoochee Hills 0.55% City of College Park 2.53% City of East Point 5.82% City of Fairburn 2.80% City of Hapeville 1.09% City of Xxxxx Creek 14.11% City of Xxxxxx 6.61% City of Mountain Park 0.09% City of Palmetto 0.81% City of Roswell 15.81% City of Xxxxx Springs 18.27% City of South Xxxxxx 16.55% City of Union City 3.74% Total 100.00% (A) To facilitate the distribution of net proceeds, the parties agree that the sum of Five Hundred Forty-five Million Nine Hundred Fifty-Four Thousand Seven Hundred Twenty and 00/100 Dollars ($545,954,720.00) shall represent an estimate of the maximum net proceeds to be derived from the subject TSPLOST during its five year term. (B) The parties agree that the aggregate total distribution received by the Cities shall amount to one hundred percent (100%) of the net proceeds distributed by the State. (C) The percentage of total net proceeds calculated for each City based on the above distribution shall be adjusted proportionally, if necessary, to ensure that the Cities on an aggregate basis receive the full o n e h u n d r e d (100%) of net proceeds distributed by the State, as agreed to by the parties. (D) The parties agree that no project will be given preference in the funding and distribution process in such a way that the monthly distribution formula is affected. (F) Should any jurisdiction choose not to be a party to this Agreement, said jurisdiction’s allocation of the net proceeds shall be 0%. If a City chooses not to be party to this agreement, the DISTRIBUTION PERCENTAGES provided under Paragraph #3 shall be adjusted to reflect new percentages based on that city’s population being removed from the calculation.

DISTRIBUTION PERCENTAGES. City of Alpharetta 11.2211.02% City of Chattahoochee Hills 0.550.47% City of College Park 2.532.29% City of East Point 5.826.13% City of Fairburn 2.802.42% City of Hapeville 1.091.15% City of Xxxxx Creek 14.1114.41% City of Xxxxxx 6.616.49% City of Mountain Park 0.090.10% City of Palmetto 0.810.76% City of Roswell 15.8116.34% City of Xxxxx Springs 18.27% City of South Xxxxxx 16.5518.22% City of Union City 3.743.60% Xxxxxx County 16.60% Total 100.00% (A) To facilitate the distribution of net proceeds, the parties agree that the sum of Five Six Hundred Forty-five Fifty Million Nine Hundred Fifty-Four Thousand Seven Hundred Twenty and 00/100 Dollars ($545,954,720.00655,000,000.00) shall represent an estimate of the maximum net proceeds to be derived from the subject TSPLOST during its five year term. (B) The parties agree that the aggregate total distribution received by the Cities shall amount to one hundred eighty-three and forty one-hundredths percent (10083.40%) of the net proceeds distributed by the State, with the remaining sixteen and sixty hundredths percent (16.60%) of the net proceeds distributed by the State to be received by the County. (C) The percentage of total net proceeds calculated for each City based on the above distribution shall be adjusted proportionally, if necessary, to ensure that the Cities on an aggregate basis receive the full o n e h u n d eighty-three and fo r e d ty one-hundredths percent (10083.40%) of net proceeds distributed by the State, as agreed to by the parties. (D) The parties agree that no project will be given preference in the funding and distribution process in such a way that the monthly distribution formula is affected. (F) Should any jurisdiction choose not to be a party to this Agreementagreement, said jurisdiction’s allocation of the net proceeds shall be 0%. If a City chooses not to be party to this agreement, Such City's share of the DISTRIBUTION PERCENTAGES provided under Paragraph #3 proceeds shall be adjusted paid to reflect new percentages the remaining Cities and Xxxxxx County based on that city’s population being removed from the calculationabove percentages adjusted for the removal of any City not signing agreement.

DISTRIBUTION PERCENTAGES. City of Alpharetta 11.2211.02% City of Chattahoochee Hills 0.55% City of College Park 2.53% City of East Point 5.82% City of Fairburn 2.80% City of Hapeville 1.09% City of Xxxxx Creek 14.11% City of Xxxxxx 6.61% City of Mountain Park 0.09% City of Palmetto 0.81% City of Roswell 15.81% City of Xxxxx Springs 18.27% City of South Xxxxxx 16.55% City of Union City 3.74% Total 100.00% (A) To facilitate the distribution of net proceeds, the parties agree that the sum of Five Hundred Forty-five Million Nine Hundred Fifty-Four Thousand Seven Hundred Twenty and 00/100 Dollars ($545,954,720.00) shall represent an estimate of the maximum net proceeds to be derived from the subject TSPLOST during its five year term. (B) The parties agree that the aggregate total distribution received by the Cities shall amount to one hundred percent (100%) of the net proceeds distributed by the State. (C) The percentage of total net proceeds calculated for each City based on the above distribution shall be adjusted proportionally, if necessary, to ensure that the Cities on an aggregate basis receive the full o n e h u n d r e d (100%) of net proceeds distributed by the State, as agreed to by the parties. (D) The parties agree that no project will be given preference in the funding and distribution process in such a way that the monthly distribution formula is affected. (F) Should any jurisdiction choose not to be a party to this Agreement, said jurisdiction’s allocation of the net proceeds shall be 0%. If a City chooses not to be party to this agreement, the DISTRIBUTION PERCENTAGES provided under Paragraph #3 shall be adjusted to reflect new percentages based on that city’s population being removed from the calculation.