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31-Financial Management Payment for City's Water Rights
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31-Financial Management Payment for City's Water Rights
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<br /> <br /> <br /> <br /> <br /> EXHIBIT B (Con't) <br /> <br /> <br /> III - COST TO BE REPAID BY THE CITY FOR WATER SUPPLY <br /> STORAGE SPACE <br /> <br /> <br /> Total Cost of Storage <br /> <br /> Space No. 1 <br /> Cost of 21,900 acre feet of water supply storage <br /> (20.008 x $3,093,407) $ 618,681.00 <br /> <br /> Interest during construction <br /> (20.008 x $116,127) 23,225.00 <br /> <br /> Investment Cost $ 641,906.00 <br /> <br /> Less credit for principal payments made under <br /> Contract No. DA-34-066-CIVENG-65-1271 and the <br /> Supplement Agreement No. 1 thru April 2005 -398,875.06 <br /> <br /> Principal payoff on Space No. 1 $ 243,030.94 <br /> <br /> Space No. 2 <br /> Cost of 21,900 acre-feet of water supply storage <br /> (20.008 x $3,093,407) $ 618,681.00 <br /> <br /> Interest during construction <br /> (20.008 x $116,127) 23,225.00 <br /> <br /> Investment Cost $ 641,906.00 <br /> <br /> Interest accrued from 30 Sep 1977 (end of <br /> 10-year interest free period) 10,068.00 <br /> <br /> Storage Space No. 2 cost $ 651,974.00 <br /> <br /> Less credit for principal payments made under <br /> Contract No. DA-34-066-CIVENG-65-1271 and the <br /> Supplement Agreement No. 1 thru April 2005 -255,619.31 <br /> Principal payoff on Space No. 2 $ 396,354.69 <br /> <br /> <br /> <br /> <br /> <br /> 9 <br /> <br /> <br /> <br /> 33P, <br />
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