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6.60 <br />EXHIBIT B-2 <br />EXAMPLE 2 <br />Assume the following <br />Adjusted Monthly Rent (1/1/02) , <br />Capital Improvement Cost <br />Operating Expenses through 9/30/02 <br />[ 177,600 - 100 _ 12] <br />Operating Expenses through 9/30/01 <br />[ 156,000 - 100 _ 12] <br />Real Property taxes paid through 9/30/02 <br />[90,000 - 100 _ 12] <br />Real Property taxes paid through 9/30/01 <br />[70,000 _ 100 - 12] <br />Cost of Living <br />Number of spaces <br />Calculations from Formula: <br />$ 550 Adjusted Monthly Rent <br />< 25> <Capital Improvement Costs> <br />(a) 525 Monthly Rent <br /><188.83> (130 + 58.83) <br />(b) 336.17 Base Rent for 2002 <br />$ 550 <br />25 <br />148 <br />130 <br />75.00 <br />58.83 <br />4% <br />100 <br />336.17 $336.17 <br />x 4% [Cost of Living] + 13.45 <br />(c) 13.45 (Return on Investment) 349.62 (Base Rent for 2003) <br />(d) 136.50 Compare 148 to 105% of 130 = 136.50; <br />because 148 'exceeds 136.50, only 136.50 can be taken this year; the <br />remainder (11.50) is carried over to the next year. <br />(Pleasanton February 2002) 192-70 <br />