How much federal lessees pay the city each year

(a) The initial annual contribution shall be established by the number of housing units the federal lessee is to construct, rehabilitate, operate, manage, and maintain in accordance with the federal lease upon execution of the federal lease. Housing Units, Number Not to Exceed Contribution Housing Units, Number Not to Exceed Contribution 300 $15,000 500 $25,000 1,000 $50,000 1,500 $75,000 2,000 $104,000 2,500 $133,000 3,000 $162,000 3,500 $192,000 4,000 $221,000 4,500 $250,000 5,000 $280,000 5,500 $308,000 6,000 $337,000 6,500 $367,000 7,000 $396,000 7,500 and over $425,000 (b) The annual contribution to the city shall be payable in semiannual installments as set forth in the agreement under § 6-58.5 , except that the first payment shall be due within 60 days of the execution of the federal lease, prorated from the date of the execution of the federal lease to the remaining days of the calendar year. (c) The annual contribution shall be adjusted each January 1, beginning with the first January 1, which is at least six months after execution of the federal lease, by multiplying the amount of the annual contribution for the immediately preceding calendar year by the percentage change between the weighted average BAH for the applicable military service effective as of January 1 of the subject year, and the weighted average BAH effective as of January 1 of the immediately preceding calendar year, provided that the annual contribution shall not be adjusted below the initial annual contribution established in subsection (a) above. For the purpose of this subsection, the “weighted average BAH” means the average of all of the BAH by rank classification as of the applicable date, weighted by the number of housing units designated for rent in each respective BAH rank classification as of the applicable date, provided that the rank classification and number of housing units for the earlier of such two years shall be assumed to be the same as that for the later year. (d) In the event there is an increase of more than 5 percent in the number of housing units operated by a federal lessee whether under an existing federal lease or a new federal lease over the number of housing units in a prior year, the annual contribution at that time shall be increased by a proportional amount reflecting the proportional increase in the number of housing units.