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K NOV 2 1977. late payment), special assessments, licenses, excises, fees, charges and other impositions of any kind whatsoever (except the County school tax and the taxes for County school districts levied under Article VII, Section 9, of the Constitution of the State of Florida as constituted on the date of this grant and except amounts for assessments for special benefits, such as sidewalks, street paving and similar improvements) levied or imposed upon the Grantee's electric property, business operations, and those of Grantee's electric subsidiaries within Indian River County, Florida, by the Grantor for itself, or for the benefit of any other general or special public or other governmental body located in whole or in part within the limits of Indian River County, Florida, or so levied or imposed by or under any authority other than municipalities for'the benefit of any general or special public or other governmental body, located in whole or in part within the limits of Indian River County, Florida, including the Grantor, for the preceding tax year, will equal six percent (616) of Grantee's reve- nues from the sale of electrical energy to residential, commercial and industrial customers within the unincorporated areas of Indian River County, Florida, for the twelve (12) fiscal months preceding the applicable anni- versary date. In calculating the amount which Grantee shall have paid Grantor no later than sixty (60) days after the first annual date of this grant, revenues from the sale of electrical energy to residential, commercial and industrial customers during the first fiscal month after the effective date of this grant shall be excluded. Nothing herein shall be construed to be a limitation on the assessment and collection of valid taxes, special assessments, licenses, fees, charges or other impositions by the Grantor or other public or governmental body on or from the Grantee in excess of such six percent (616) amount. -3- BOOK 31 PAGE4 • J