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Minual installments commencing with the next anniversary of the . <br />payment date stipulated iii •Article 5a(2). 'Tile first.'payment <br />shall include interest on the investment cost of such portion <br />from the date of first use of such portion to the next anniversary <br />date stipulated in Article 5n(2).• Payment schedules for the <br />storage provided for future water supply demands will be <br />furnished by the Contrnctin- Officer when use of such storage is <br />started. . <br />(5) Tile City shall have the right, at any time it so elects, <br />to prepay the indebtedness under this Article 5a,-. in whole or in <br />part, with accrued interest thereon to the date of such prep.-vIr.�ent. <br />b. Annual Operation and Iaintenance Costs. <br />(1) Present Use. The City shall pay 9.46 (Storage Space No. ^1 <br />and 2 — 4.73 percent each) percent of the annual experienced. <br />cost of ordinary operation and maintenance of the Project .exclusive. <br />of the operation and maintenance costs for land management and - <br />public utilization. <br />(2) Future Use.- As� additional..future use storage is used, the <br />share • of the annual experienced cost of. ordinary operation and <br />maintenance of _the Project exclusive of the operation and _ <br />maintenance costs 'for Iind management and public utilization, which. _ <br />the City will be required to pay, will be increased commensurate - <br />with the. percentage. of. tiie -rater supply storage being. used, up <br />to*a total of 23.659 percent of such costs. <br />' (3) Payment. Payments are due and payable in advance-on <br />the date for payment of project investment costs as set fortis <br />in Article 5a(2) and shall be based on ordinary operation and <br />maintenance costs for the Project, exclusive of operation and <br />maintenance. costs for-land management and public utilization, <br />in the Government fiscal. year most recently ended.. Should future - <br />usage commence on other than. the anniversary date of-present usage, <br />operation and maintenance costs for. that portion of a year <br />would-be prorated by months in use prior to said anniversary= <br />date on the basis of the actual experienced ordinary operation <br />and maintenance costs, exclusive of operation and maintenance <br />costs for land management and public utilizaton,for the <br />preceding Government fiscal" year. Ttie first payment, in such - <br />a case shall be due and payable within 30 days from the date of <br />scheduled first use of storage space-. Subsequent annual payments <br />shall be made on the'anniversary date of present usage: <br />(4) The extent 'of operation and maintenance of the Project <br />shall be determined- by the Contracting Officer, and all records <br />and accounting shall be maintained by the Contracting. Officer. <br />Records of cost of operation _ and maintenance of the Project shall <br />be available for inspection and examination' by the City. <br />