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1985
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1985
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CITY CLERK
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been made based on actual costs, LCWSD shall, <br />within 60 days of receipt of the calculations of <br />actual charges, pay to the City the amount of the <br />deficiency. <br />B. Following the interim period set out above <br />and continuing until the 30th day of March, 2010, LCWSD <br />shall at a minimum pay the City an amount equal to the <br />capital recovery charge set out herein plus an administra- <br />tive fee equal to 6.51 thereof, plus profit in the amount of <br />10% of the sum of such charge and fee. <br />VI. <br />DISTRIBUTION CHARGES FOR WATER TREATED <br />BY CITY FOLLOWING INITIAL TERM <br />The distribution, charges for water delivered <br />through the City's distribution system will be the actual <br />cost of Water Distribution Operation /Maintenance less <br />judgments, damages, maintenance associated with meters, <br />meterboxes, service lines, hydrants and valves plus debt <br />service, capital costs associated with water storage, water <br />Pumping stations, water mains eight inches (8 ") and over, <br />and administrative costs in the amount of 6.5% of the above, <br />Plus 10% of the sum of such amounts which represents profit, <br />multiplied by the percentage that water delivered to LCWSD <br />through the City's distribution system is of the total ,rater <br />delivered through the City's distribution, system (it is <br />.15 <br />f s <br />'t <br />� 5 <br />x <br />been made based on actual costs, LCWSD shall, <br />within 60 days of receipt of the calculations of <br />actual charges, pay to the City the amount of the <br />deficiency. <br />B. Following the interim period set out above <br />and continuing until the 30th day of March, 2010, LCWSD <br />shall at a minimum pay the City an amount equal to the <br />capital recovery charge set out herein plus an administra- <br />tive fee equal to 6.51 thereof, plus profit in the amount of <br />10% of the sum of such charge and fee. <br />VI. <br />DISTRIBUTION CHARGES FOR WATER TREATED <br />BY CITY FOLLOWING INITIAL TERM <br />The distribution, charges for water delivered <br />through the City's distribution system will be the actual <br />cost of Water Distribution Operation /Maintenance less <br />judgments, damages, maintenance associated with meters, <br />meterboxes, service lines, hydrants and valves plus debt <br />service, capital costs associated with water storage, water <br />Pumping stations, water mains eight inches (8 ") and over, <br />and administrative costs in the amount of 6.5% of the above, <br />Plus 10% of the sum of such amounts which represents profit, <br />multiplied by the percentage that water delivered to LCWSD <br />through the City's distribution system is of the total ,rater <br />delivered through the City's distribution, system (it is <br />.15 <br />
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