VDOT E-ZPass Fees. (a) The VDOT E-ZPass Fees for the Extension Period are calculated and set forth in Exhibit A hereto and shall replace the VDOT E-ZPass Fees prior to the Effective Date.
VDOT E-ZPass Fees. (a) Participant agrees to pay the VDOT E-ZPass Fees. The VDOT E-ZPass Fees will be due and payable as provided in Section 2.3. VDOT or the ETC Servicer will manage all responsibilities associated with collection and transmission of revenue back to the Participant.
VDOT E-ZPass Fees. The Department will bear the risk of increased operating costs with an equivalent impact of $1 million per annum (expressed in 2010 dollars), escalated from 2010 at the CPI assumption contained in the Initial Base Case Financial Model. The Initial Base Case Financial Model will be updated in accordance with the Financial Close Adjustment Protocol set forth in Exhibit BB to account for the revised operating costs and used to calculate the Initial Public Funds Amount such that the Equity IRR is equal to the Initial Equity IRR.
VDOT E-ZPass Fees. For Fiscal Year 201[●], the processing fee component of the VDOT E-ZPass Fees will be [●]% of the revenue processed for each individual facility. For Fiscal Year 201[●], the operating costs component of the VDOT E-ZPass Fees will be $[●] per transaction. The method of calculation for the future estimated baseline operating costs component of the VDOT E-ZPass Fees and the adjustment thereto is illustrated in the following example attached hereto as follows: Example of baseline operating cost component calculation Exhibit B - VDOT E-ZPass Fees and Adjustments Notes April 2018 Calculation for FY 2019 Toll Facility Transaction Fee Estimated Year: 2019 2018 Transaction Fee Calculation Summary Operating cost component Current Year Projection Future Year Projection Fiscal Year 2018 Fiscal Year 2019 Total Toll Facility Transaction Fee 0.0639 Total Costs for Operating the statewide ETC System (A) $ (16,317,480) $ (16,421,048) $ (32,738,528) Total Estimated Revenue collected from customer maintenance fees and other miscellaneous fees $ 2,766,873 $ 1,735,199 $ 4,502,073 Toll facility transaction fee income $ 13,653,823 $ 13,653,823 Total revenue/income (E) $ 16,420,696 $ 1,735,199 $ 18,155,895 Costs remaining (A+E) $ 103,216 $ (14,685,849) $ (14,582,633) ETC Transactions for all participants (C) 224,127,291 228,055,107 452,182,398 Projected transactions available for cost recovery (F) 228,055,107 228,055,107 Amount to be recovered via future transaction fee (14,582,633) Future transaction fee required to cover cost remaining (E/D) $ (0.0639) Future projected transaction fee revenue $ - $ 14,582,633 $ 14,582,633 Operating Profit / (Loss) $ 103,216 $ (103,216) (0.00) $ (0.0639) Revenue Summary Revenue anticipated from other revenues/fees $ 2,766,873 $ 1,735,199 $ 4,502,073 Transaction Fee 13,653,823 14,582,633 28,236,456 TOTAL $ 16,420,696 $ 16,317,832 $ 32,738,528 Anticipated Revenue less Total Estimated Costs for Operating ETC System (Xxxxx/(Loss)) $ 103,216 $ (103,216) $ - Bank: Account Name: Account No. Re: Exhibit C Bank Account Information * If the Facility is not in operation, the Participant agrees to provide to the Department the account information in this Exhibit C within 30 days prior to the planned commencement of tolling on the Facility. Exhibit D Form of Annual Extension of the Electronic Toll Collection Agreement This ANNUAL EXTENSION OF THE ELECTRONIC TOLL COLLECTION AGREEMENT (this “FY 20[●] Extension Agreement”) is made and entered into this [ ● ] da...
