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EXHIBIT B (Con't) <br />III - COST TO BE REPAID BY THE CITY FOR WATER SUPPLY <br />STORAGE SPACE <br />Total Cost of Storage <br />Space No. 1 <br />Cost of 21,900 acre feet of water supply storage <br />(20.00o x $3,093,407) <br />Interest during construction <br />(20.0001 x $116,127) <br />Investment Cost <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 <br />Principal payoff on Space No. 1 <br />Space No. 2 <br />Cost of 21,900 acre-feet of water supply storage <br />(20.00o x $3,093,407) <br />Interest during construction <br />(20.00o x $116,127) <br />Investment Cost <br />Interest accrued from 30 Sep 1977 (end of <br />10-year interest free period) <br />Storage Space No. 2 cost <br />Less credit for principal payments made under <br />Contract No. DA-34-066-CIVENG-65-1271 and the <br />Supplement Agreement No. 1 thru April 2005 <br />Principal payoff on Space No. 2 <br />$ 618,681.00 <br />23,225.00 <br />$ 641,906.00 <br />-398,875.06 <br />$ 243,030.94 <br />$ 618,681.00 <br />23.225.00 <br />$ 641,906.00 <br />10,068.00 <br />$ 651,974.00 <br />-255,619.31 <br />$ 396,354.69 <br />9 <br />