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expiration of the present levy of the first four cents ($.04) of the tax, then this Agreement shall <br />have no effect and no party shall be bound by any terms hereof. <br />(b) Upon becoming effective, this Interlocal Agreement shall supersede all previous <br />agreements or understandings among the parties regarding the subject matter of this Agreement <br />and shall remain in effect for the renewed term of the tax or any subsequent extension thereof. <br />Section 2. Distribution of Proceeds. <br />(a) Commencing with the September 1, 2013 effective date of the renewed and <br />extended tax levy, the net proceeds of the six cent ($.06) local option motor fuel and diesel fuel <br />taxes shall, unless subsequently amended by agreement among the parties pursuant to subsection <br />(b) below, be shared among COUNTY and the seven (7) municipalities according to the <br />following formula: <br />Local Government Distribution Proportion <br />Seminole County 63.6% <br />Altamonte Springs 5.3% <br />Casselberry 4.8% <br />Lake Mary 2.2% <br />Longwood 3.2% <br />Oviedo 6.4% <br />Sanford 9.5% <br />Winter Springs 5.0% <br />(b) The above percentages shall be reviewed annually by the parties during the term <br />of this Interlocal Agreement. It is the intent of the parties that changes to the formula in <br />subsection (a) above, shall be based on the average of the relative percentages of actual <br />Transportation Expenses, as defined in Section 3 below, made by each entity during the five (5) <br />Interlocal Agreement <br />Local Option Gas Tax <br />Page 3 of 8 <br />