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<br />1.1.4 Following request of the City, Coincident with the annual calculation of <br /> <br />the Net Franchise Fees to be remitted to the City py the County, the County will provide all <br /> <br />supporting documentation supporting its calculation of Net Franchise Fees for each of the <br /> <br />Recipients, including source document~, including when requested, for each of the local <br /> <br />governments shown on Table 1 the following: i) Gross Revenues; ii) Municipal Taxes; iii) <br /> <br />Regional Taxes by individual tax component; iv) the determination of the Regional Taxes for <br /> <br />all cities which have a separately executed franchise agreement with FP&L which was in effect <br /> <br />as of the date of the Franchise Ordinance by individual tax component by individual <br /> <br />municipality reflected in the calculation and the Regional Taxes paid by FP&L on Turkey Point <br /> <br />and Cutler Power Generating Facilities; v) the percentage for allocation of the Prorated <br /> <br />Amount; and vi) the calculation of the Net Franchise Fees determined on the same basis as <br /> <br />discussed above and shown on Table 1. <br /> <br />1.1.8 To the extent that the County does not pay the Net Franchise Fees to the <br /> <br />City by August 15th of each respective year, an interest charge for each day that payment is <br /> <br />delinquent shall accrue. The interest rate will be based on the monthly 30-day investment rate <br /> <br />published by the Florida State Board of Administration for the Local Government Investment <br /> <br />Pool (SBA) for each month that payment is considered delinquent based on the number of days <br /> <br />the payment is delinquent in such month. The delinquent payment will be paid by the County <br /> <br />to the City and will be in addition to the payment of the Net Franchise Fees. <br /> <br />2 Source documents include (I) FP&L worksheets, which include the franchise fee revenue by each jurisdiction, (2) <br />Property Appraiser records providing the real and personal taxable values for FP&L within each municipality, (3) Property <br />Appraiser records providing the real and personal taxable values for the Cutler and Turkey Point power plants, and (4) the <br />Miami-Dade County spreadsheet calculating the franchise fee spreadsheets. <br /> <br />4 <br /> <br />S~B <br />