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2014-2015, if the District Bonds and the LAVWMA Bonds, or either of said <br />Bonds, are then outstanding in any amount, the parties shall meet and confer to <br />consider reducing the Administrative Target Level to an amount sufficient to <br />provide an adequate Debt Service reserve for the balance of the debt service <br />remaining to maturity of said Bonds. If the parties are unable to agree, the <br />Target Level shall remain as specified herein. <br />(e) Minimum Increase in Regional Connection Fee. In June of each <br />year, District shall determine the amount of Regional Connection Fee revenues <br />collected over the prior 12-month period. Notwithstanding the provisions <br />regarding increases in the Regional Connection Fee described in paragraphs 5, <br />6, 7(c) and 7(d), the minimum Regional Connection Fee increases depicted in <br />the following Table shall be enacted by District in the event that revenues for the <br />prior 12 months are less than the net payments required to be made for Debt <br />Service on District Bonds and LAVWMA Bonds, and the amount of funds on <br />deposit in the Rate Stabilization Fund is less than 5 times the Maximum Annual <br />Expansion Projects Debt Service. Such increases shall be enacted on or before <br />September 30 of the fiscal year in which such increase is required. <br />Connection Fee Increase Requirements* <br />Column A Column B Column C <br />Rate Stabilization Fund Connection Fee Required Minimum <br />divided by Maximum Revenue in Prior Year Increase in Connection <br />Annual Expansion as a % of Maximum Fee if Column B <br />Projects Debt Service Annual Expansion Minimum Criteria is not <br /> Projects Debt Service met <br /> for the Current Year <br />4x-5x 75% 6% <br />3x-4x 87.5% 12% <br />2x-3x 100% 18% <br />Agmt-41 <br />f/sh/sh/DSRSD 13 <br />DES:r <br />12/S~OOr <br />