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1985-028-RES WHEREAS, the City of Paris and Lamar County Water Supply District, hereinafter referred to as LCWSD, RESOLUTION NO. 85-028 WHEREAS, the City of Paris and Lamar County Water Supply District, hereinafter referred to as LCWSD, have reached agreement mutually beneficial to the City of Paris and LCWSD, wherein the City of Paris sells water to LCWSD at agreed minimum delivery pressure, particular flow rate, and volume in excess of 1.5 million cubic feet per month; and, WHEREAS, it is deemed to be in the best interest of the citizens of Paris that such agreement in the form of Exhibit A attached hereto and made a part hereof, be in all things approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, That the Agreement with LCWSD, for water service and establishing the consideration for the same prescribed in Exhibit A attached hereto be, and the same is hereby approved and accepted. BE IT FURTHER RESOLVED, that the Mayor of the City of Paris, Joe Graham, be, and he is hereby authorized and directed on behalf of the City of Paris to execute the Water Service Agreement attached hereto as Exhibit A. Passed and adopted this 15th day of April, 1985. Q~~ ATTEST: ~'C\. \(~1'~~\~c:>:::,.1~ ~'s:SS:::, \ Ma't\ie Cunm.ngham, ASS~~ Ci~y Clerk APPROVED AS TO FORM: (~~.Y B. However, it is unders toad and agreed that a portion of che quantities of water hereinafter set out cannot be furnished by the City ac the initiation of this contract. Those quantities hereinafter set out shall not become effective until the LCWSD has its contemp1aced ground storage facilities near the City Water Treatment Plant constructed and the City has its proposed Water Treatment Plant improvenencs in operation. It is agreed that if for any reason either party does not have these new or improved facilities in use by July 1, 1987, and the parties are not mutually agreeable to an extension of time for their com- pletion, this contract shall terminate and the provisions of the July 17, 1967, contract will be restored, except that if only the City shall have failed to have such facilities in operation the quantities available to LCWSD shall be increased by 25%. However, each party agrees to exercise its best good faith effort to accomplish these improvements by July 1, 1987. II. WATER AVAILABILITY AND COSTS DURING INTERIM PERIOD A. During the period of cime between the initi- ation of this contract and the complecion of the llew or iClproved facilities identified in Paragraph I-B above or June 30, 1987, or any extension of time under the provisions 2 :fI:...._- .__" ------ - . - ..-~ -_._-._'--.-.--"--:ii---"'i.-'-''-':~_:.-:",,,,-,...-~';':;~j:;;~:;;;j;1,1:.ni'', STATE OF TEXAS 5 5 5 \,ATER PURCHASE CONTRACT COUNTY OF LAllAR KNm, ALL MEN BY THESE PRESENTS tha t the CITY OF PARIS, Paris, Texas, a municipal corpora cion . hereinafter called "City", holds certain vlater rights to water at Pat Mayse Reservoir, a regional reservoir located in North Lamar Coun:~y, and Lake Crook Reservoir and LAl1AR COUNTY WATER SUPPLY DISTRICT, a !1unieipal Utility District. hereinafter called "LCIVSD", holds the right to purchase not to exceed 50,000,000 gallons of water per month from the City under a contract dated July 17. 1967. vlith the City and each of the parties desire to amend said contract but said contract to remain in full force and effect throughout the time of the anended contract except as herein amended. Therefore, it is agreed by and between the parties that a new contract be entered into modifying the July 17, 1967, contract as hereinafter staced, upon the following terms and conditions: 1. TERH OF CONTRACT A. The term of this contract shall be for a period of ty (1+ 0) years beginning on the Is t day of Aprj_l, 1985. 1 c!:'.. h" b " t "11 'I . _:"-.. .;",.c.:c...;'~';"::_;.::;';;;;w.;;'.~:~ ",...::'~ ,_~'_ __.. ::~:;:~:;';'i=-,':'-:'.~~,""",,,.__.......:.___....,. of Paragraph 1-B above, whichever occurs first, the Cicy agrees to furnish LCWSD ac the points of delivery and subject to the Flow limit.ations as show.n by Exhibi.t f1A" attached hereto, potable treated water in such quantities as may be required by LCHSD to a maximum of 750,000,000 gallons 1D any consecutive twelve (12) month period. Such water to be taken at a uniform rate noc to exceed 2050 gallons per minute, in accordance with Schedule shown on Exhibit "A" hereto attached. B. Durblg this interim period of time the charge for water from cho City to LCWSD shall be the accual cost of water production operation and maintenance, water dis- tribution operation and maintenance, 57.4% of the annual i,nterest on and fiscal agent fees associat,,,d \-lith City of Paris, T(~xas 1Jaterworks and Sewer System Revenue Refunding Bonds Series 1983, and 62.0% of the annual interest on and fiscal agent fees associated with City of Paris, Texas Combination Tax and Utility System Revenue Certificates of Obli.gatton, Series 1984 multiplied by the percentage that water taken by LCWSD is of the cotal treated water sold by the City of Paris plus 6.5% of the sum of such actual costs. Tho method of computing such charges shall be the same as illustraced and comply with subparagraphs 5, 6 and 7 of Paragraph V and is illustrated in Exhibit "B" attached hereto. 3 III. 'VJATER AVi\ILABILITY FOLLOIHNG INTERIH PERIOD A. FollovJi,ng the interim period set ouc above, this contract shall continue in force and effect until the 3J.st dRY of March, 2025. B. During this period of time the service area of water for the parties hereto shall be as follows: 1. LCWSD may sell and serve water in Lamar County in accordance with the service area set out in the July 17, 1967, contract and have che right to sell water purchasC'd undC'r this Concract in De1t<l, Fannin and Red River Counties, Texas, and cl1C' Norclwrnmost 10 miles of Hopkins, Hunt and Fr':lnklin Counties, Texas. 2. The City shall have an exclusive right to sell 'dater to industrial heavy manufacturing users as described herein and incorporated cities in excess of ::000 population according to the 1980 census in the service area of LC'^,SD which do not purchase water from LCWSD as of the effective date of this contracc. Such exc 1 us ive right may be relinquished and transferrC'd to LCWSD. 3. The City may make a surcharge that does not exceed 200% for treated water provided end I, users by LC'Y1SD engaged in industrial heavy man- ufacturing activity not purchasing waCer from LCWSD as of the effective date of this contract in the event that the consumption of such water by such end user exceeds an annual average of 100,000 gallons per month. C. FollO\-ling the interim period set out above and continuing until expansion of Pat Mayse Raw Water Transmission Facilities, and subject to the safe avail- ability of ra>-l water at the Water Treatment Plant the City, ,Jill guarantee to LC'YISD 1,150 million gallons per year (3,150,000 gallons per annual average day of potable water), of which not to exceed 1,400,000 gallons per day may be taken through the City's distribution system. This increased distribution system requirement of LCHSD shall be met by City no later than July 1, 1987, unless provisions of the July 17, 1967, contract as amended by Paragraph I B hereof are reinstaced. The City may require that all amounts of water be taken at a uniform rate that does not exceed 21% of the raw water safely available at the Water Treatment Plane or 2,188 gallons per minute, vvhichever is greater. In the event the City has the safe capacity to deli.ver to its customers and other customers an amount i.n excess of 15,000,000 gallons of potab le water per day, the City will make available to LCWSD an amount not to exceed 21% of such 5 ~. <'""""""'------- -----..,-'"""",";.,',.;....,,<-,~.". _........_..--........-.:~.~." ..,---~ ,,,ater capacity in excess of 15,000,000 gallons, provided that the Cicy may limit the total amount to 5,000,000 gallons per day. D. Follo\ving expansion of Pat Hayes Raw 1,later Trflnsmissicn fncilities to Cl minimum engineering design capacity of 20,000,000 gallons per day and continuing until che 30th day of Harch, 2010, the City will guarantee to LCWSD 1,340 million gallons per year (3,780,000 gallons per annual average day) of potable water of which noc to exceed 1, /iOO, 000 gallons per day may be taken through the City's distrihution system. The City may require chat all amoWlts of water be taken at a uniform rate that does noc exceed 21% of the rm, ,vater safely available at the Water Treatment Plant or 3,500 gallDns per minuce, Ivhichever is greater. The City may lir.1it the total amount to 5,000,000 gallons per d<:1.y. Both parties agree that ic is prudenc to delay cOiTipletion of the aforementioned Pat Hayse Raw Water Trans- mL;sion Facilities until it appears that water demand will exceed the reliable amount available. If at any time, LCWSD does not agree with the City's schedule for completing the expansion of Pat Hayse Ra\<l Water Transmission Facilities to the minimum amOlmt specified above, it may notify che City of such disagreement and provide the City a list of chree (3) Texas Engineering Consulting finIS with experience in 6 ..,"..,.". -..,~," .....'t""''-'.....'''.. .......,'.'.'~,;, analyzj.ng future water need. The City shall within thirty (30) days of receipt of such notice select one (1) of such Engincering firms and notify LCWSD of such selection. In the event the selected Engineering firm provides the City v...ith an analysis that substantiates the need to complece chc aforementioned expansion vlithin twenty-four (24) months from the date of the Ci.ty' s receipt of such analysis, the City shall complete such expansion vvithin twenty-four (24) months after receiving such analysis. In the event the City fails to select an Engineering Consulting firm within the time limit provided herein, LCWSD may select such firm And such seleccion shall have the same effect as if the City had made th(~ selection. If the Engineering study shows thac City would need cxpanded facilities vlithin thirty (30) r.1onths of the day LCWSD notifies Cicy of ics disagreemenc, then the City shall pay the cost of such Engineering firm and if such study shm...s improvement are not needed vdthin such thirty (30) month period then LCHSD shall pay such Engineering firm. E. From and after the 1st day of April, 2010, until the 30ch day of Harch, 2025, the City agrees co sell LCWSD treated water in such quantities and at such price as shall be mutually agreeable. F. Upon LCHSD's request at any time after October 1, 2006, for modification to this contract setti.ng 7 out the additional quantities, if any, it desires after April 1, 2010, the City will within ninety (90) days give LCWSD a proposal of any modifications desired by City in contract as to quantities and price. If such proposal is submicted che parties will in good faith attempt to negotiate quantities and price for the period from April 1, 2010, to March 31, 2025, and failing to reach such agreement within six (6) months this contract shall come to an end on March 31, 2010. LCWSD may also give City a quantity and price proposal at any time after April 1, 2007, to be effeccive during the last fifteen (5) years of the con- trace. Should LCWSD not propose a different quantity and price proposal by December 31, 2007, and should City not respond to a request from LCWSD within the ninety (90) days specified, then it shall be conclusively deemed that this contract shall remain in full force and effect to March 31, 2025. IV. WATER AVAILABILITY TO LCWSD FOLLOWING INITIAL TER}! It is agreed that LCWSD shall have the right to purchase a total of 16.779 million gallons of water per day from the City. This total includes any potable treated water purchased by LCWSD under the terms of this contract. In the event LCWSD desires to purchase water in excess of 8 ;~- ~--... - che amounts set out in Sectiop, III, it shall at least thircy (30) months prior to vlancing delivery of such additional ',-later request the City to make contract amendments to provide for such purchase. LCWSD shall agree to pay any additional capital recovery charge which may be required to maintcd:n the ratio that its maximum authorized consumption rate is of 133.3% of the ,-later production syscem' s normal operating capacity. If the City does not agree to such contract ap1Cndrnents within six (6) months of receiving such request, LCWSD may purchase raw water from the City in an amount equill to che difference between such requested ilmO\mt and the amount set out in Seccion III. Raw water purchased by LCWSD shall be on the following terms: 1. LCWS]) will have the right to bring the rau water purchased under this section to the City's treatment plant at its cost if the City agrees to treat such raw water. The City agrees that the cost co treat such raw water for LC\oJSD will be the City's actual cost including capital amortizacion (35 years straight line depreciation) and interest cost to City on capitalized items and a 6.5% administrative fee plus 10%. 9 _.-~..... ~. 2. LCWSD will have the right to treat such water itself if the City does not agree to do so ac an annual cost as set out in paragraph I above. 3. For raw water taken which is delivered to the City for treatment or which is not treated by the City, LCWSD will pay the City its Pat Mayse storage costs including applicable debt service therefor plus 6.5%. 4. Raw water may be purchased by LCWSD in the least increments permissible by the U.S. Corps of Engineers or its successor, if any, in the operation of Pat Mayse Reservoir. 5. The Debt Service for such water will include all interest accrued for the increment purchased, the incremental original construction costs and interest thereon. The amortization of accrued interest and original construction cost shall be completed on/or before the expiration of this contract. V. CHARGE FOR TREATED WATER DELIVERED TO LCWSD A. This water will be charged by the City to LCWSD and LCWSD will pay to the City the following: 1. A capital recovery charge will be made by City in the sum the annual Water Production 10 System depreciates as hereinafter set out plus the annual interest and fiscal agent's fees associated with the City \Vater Production System debt as hereinafter defined multiplied by the percentage that LCWSD's maximum authorized consumption rate, 5,000,000 gallons, is of 133.3% of the \Vater Production System's normal operating capacity. It is agreed that with the completion of the Wate:t. Treatment Plant expansion contemplated and cur- rently proposed, the Wacer Treatment Plant shall have a normal operating capacity of 18,000,000 rn~llion gallons per day, and that at such time the capital recovery charge will be 21% based on the ratio expressed herein. Water Production System as used herein includes Raw Water Pumping Stations, Raw Water Lines and appurtenances thereto used to transport raw _-later to the \Vater Treatment Plant for the purpose of treating, the Water Treatment Plant, Clear Wells, Pumps and appurtenances thereto used to treat and deliver water to the Distribution System. Facilities and equipment beyond the point of connection to the LC\VSD System and facilities thac may in the future be cons eructed for the purpose of conveying raw ,later for any purpose 11 .,.,.,.~,-"'-_.- ~~-<..- other than converting it to treated water are not for the purpose of this contract to be considered to be a part of the Water Production System. For the purpose of computing this capital recovery charge, it is agreed: (a) that as of October 1, 1984, the capital value of the City Water Production System was $2,535,336.94 and that such amount shall be depreciated on a straight line basis as set out in Exhibit C, and (b) that all capital items added to the City Water Production Syscem subsequent to October 1, 1984, shall be depreciated on a straight line basis over a thirty-five (35) year period, and (c) that the proceeds of any grant-in-aid received by the City shall not be capitalized unless such be a requirement imposed by the grantor, or is necessary to comply with (i) a judgement or order issued by a court or administrative agency of competent jurisdic- tion, (ii) applicable federal or state statutes or agency rule or regulation, (iii) bond or debt covenant(s), or (iv) bond rating agency requirement. 12 -..:.....----- 2. The operation and maintenance charge will be the actual cost of water production multiplied by the percentage that water delivered to LCWSD's system is of the total water treated at the Water Treatment Plant exclusive of such water used in the production process. Pumping and maintenance costs beyond the point of connection to LCWSD's facilicies are noC to be included. The City's debt service and cost for Pac Mayse storage are to be considered a part of the cost where applicable. The City will continue to segregate and identify water production costs in substantially the same manner as currently followed. Billing costs will not be included. The City agrees that with regard to cost items over which it has control, i.e., labor costs, except those labor costs caused by statutory or court required changes, if any, will not increase in excess of the cumulative increase in the Consumer Price Index for All Urban Consumers (CPI-U) U. S. City Average (1967~100) published by the United States government during the term of this contract. It is agreed that the base month for this contract is October 1984 which has an index value of 315.3. 3. An administrative fee equal to 6.57. of the sum of 1 and 2 above. 13 ~-~--,..... 4. Profit in the amount of 10% of the sum of 1, 2 and 3 above. 5. Within 7 days after the adopcion of the City's annual budget, the City will calculate the charges as established herein for the succeeding fiscal year and provide LCWSD a copy of such calculations. The amounc so calculated shall be the initial price for the ensuing year. As an example of how the changes will be made to LCWSD by City for water, see Exhibit D hereto attached. 6. The City shall determine by audit or its books and records prepared in accordance with generally accepted accounting methods and prin- ciples, its actual water production costs during each fiscal year. The actual cost shall be used to calculate adjustments from the cost paid to the City during the completed fiscal year. The City shall provide LCWSD a copy of the calculations and they shall be subj ect to review and challenge by LCWSD. 7. In the event charges paid by LCWSD exceed the charge that would have been made based on actual costs the City shall credit its account for such amount. In the event the charges paid by LCWSD are less than the charges that would have 14 ~ ._-,-,~,-..............---~ been made based on actual costs, LCWSD shall, within 60 days of receipt of the calculations of actual charges, pay to the City the amount of the deficiency. B. Following the interim period set out above :md continuing until the 30th day of Barch, 2010, LCWSD shall at a minimum pay the City an amount equal to the capital recovery charge set out herein plus an administra- tive fee equal to 6.5% thereof, plus profit in the amounc of 10% of the sum of such charge and fee. VI. DISTRIBUTION CHARGES FOR WATER TREATED BY CITY FOLLOWING INITIAL TERM The distribution charges for water delivered through the City's distribution system will be the actual cost of Water Distribution Operation/Maintenance less judgments, damages, maintenance associated with meters, meterboxes, service lines, hydrants and valves plus debt service, capital costs associated with water storage, water pumping stations, water mains eight inches (8") and over, and administrative costs in the amount of 6.5% of the above, plus 10% of the sum of such amounts which represents profit, multiplied by the percentage that water delivered to LCWSD through the City's distribution system is of the total water delivered through the City's distribution system (it is 15 ---~ agreed that water delivered to Campbell Soup is not delivered through the City's distribution system.) See Exhibit D hereto attached as an example of how this charge will be calculated. VII. MIS C ELL A N E 0 U S A. LCWSD will construct a ground storage facility at a location near the City's Water Treatment Plant and will connect such facility to the City's water system in such a manner that will eliminate its present North, North- east and East meters. Except for emergency short term use due to such things as LCWSD's transmission lines breaking, power failure, mechanical failure and Act of God, City will control the use of meters at these locations by LCWSD. City will deliver potable water to a point of connection to LCWSD's facility and at a minimum pressure of 30 pounds. B. In the event of short term non-recurring emergencies and shortages, the City retains the right to reduce water quantities identified herein in the same ratio as it reduces the amount delivered to other system users. C. Both parties agree that LCWSD will not expand its water services to property and users in the gray area without permission of the City. Other than as provided by law, the City will have no right to purchase LCWSD's water facilities in the gray area added during this contract 16 ~ period with permission of the City for a period of 30 years after its installation. D. The City agrees to submit to LCWSD prior to formulating its final plans and specifications its proposals for any capital improvements it contemplates making during the life of the contract, a portion of which is to be placed in LCWSD' s cost, for LCWSD' s review and comment, provided the estimated cost of such improvement(s) exceeds $50,000.00 and that no emergency exists. City also agrees to build such capital improvements in a cost efficient manner and to send LCWSD a notice for bid on such capital improvements. E. Each party hereto is in charge of and solely responsible for the water covered in this contract while it is in the respective party's possession. F. This contract shall inure to and be binding on each party's successors and assigns. G. This contract is subject co approval by Farmers Home Administration's State Director and Texas Department of Water Resources Executive Director. H. Notwithstanding the termination dates set out in this contract, the parties recognize that both the City and LSCSD are governmental entities that sell and distribute water to the region which Pat Mayse Reservoir serves and it is contemplated by the parties that at the expiration of this contract by lapse of cime that parties will in good 17 faith attempt to negotiate another contract pertaining to purchase of water from City by LCWSD. The City agrees, upon request by LCWSD at anytime after April 1, 2020, to enter into such negotiations and for such negotiations to be completed within nine (9) months from the time the request is received from LCWSD by City to coomence negotiations for a new contract. IN WITNESS WHEREOF, the CITY of Paris and Lamar County Water Supply District have hereto set their hands and seals on the day and year first above written. CITY OF PARIS BY: Joe Graham, Mayor ATTEST: H. C. Greene, City Clerk APPROVED AS TO FORM: T. K. Haynes, City Attorney LAMAR COUNTY WATER SUPPLY DISTRICT BY: President ATTEST: Secretary 18 .~ EXHIBIT A 1. Points of delivery shall be those in effect as of April 1, 1985, or as they may be relocated in accordance with provisions of the Contract. 2. Flow Limitations during the Interim Period are as follow: Point of Delivery Flow Limitation Flow Controller East South Southwest West Northwest North Northeast 810 g.p.m. 125 g.p.m. 85 g.p.m. 270 g.p.m. 235 g.p.m. 315 g.p.m. 210 g.p.m. 6" 2" 2" 4" 3" 4" 2" EXHIBIT B 1. ,EsJ:inJ.a:ted CQ..s.L....FOL LLsc a Li.eQ.l"..l9B4 /198:i. Water Production Operation and Maintenance Water Distribution Operation and Maintenance 1983 Series Bonds $272,277 @ .574 1984 Series Bonds $316,887 @ .620 Subtotal Administration Fee @ 6.5% TOTAL 2. Estimated Treated Water Sales 1984/1985 (x 1,000) Water Contracts LC~ISD Campbe II Soup Non Contract Users TOTAL 3. LCWSD Cost Computation (per 1,000 gallons) $2,001, 036 3,400,000.000 gallons 4. Prior Experience 1983/1984 Treated Water Sales LC\1SD Campbell Soup Other Users TOTfIL LC\JSD Rate "'''''-'' "-,, $1,000,000 526,150 156,287 _.12.&..,47Q $1,878,907 _ 122,129 $2,001,036 591,665.000 gallons 1,645,600.000 1,162,735.000 3,400,000.000 gallons S .5885 526,551.309 gallons 1,562,273.548 L.1..?_~&68. 484.__. 3 ,241,693.341 ga 11 ons $ .5648 \, 1 , i I , to '1- o C" 0; C;'. "' 0.. u ,..~ Z~ w>o ~r~ -,..~ "'''' -:1:<1:...- Q...Cl..Z l.JJ<! "'Q.J o ~ l-'~ (Q cc =r..: .~ ~~ v G~5 H w ~ " o ,. ~ U'; "-'. 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" rl ;;; o ~~ ~ C~ " q " c, :s ,,-, " I', Cv " M o ~j ~ " iA o Q " q "' '0 ~ ., 1 " .c ~ ., " ~;<J ;::(,1 " '"" :::r-.. <J:r__ ~ ~~ n " ".:; ~ ~ o o ~ ::i '" ~ ~ rl ('"') "" "" ri ~ o G ri o '" :/J ,', " oJ o o " (I~ Coo, U' ((j cr, N C' OJ ,." C) o m lr"; " m ('-.J ,::: (f) (~ ,.' CD '7 ,~ o H H H CO '" <0 <t UO m ri "~"'",~ .Ll 'J " ~ c' o u ""..,,,,,,' , '''''--.~ co ,1' co ,--( ,1' C~ ,:)'\ ""'" 2:. '-0 .,., "' cr, ("i \/) N -(fJ- '" :J ': " p " o u (:':l CD t3 ,..1 o H ;;) ~-l ';; U -"'1 ....; 0. r:.... ~."l~ w " 9 o G: <0 '"') ,'"",\ EXHIBIT D I. BASE DATA * _._------~--"- 1986/87 ~ater Sales and Production LCWSD to Storage LCWSD to Distribution Campbe 11 Soup Balance of City TOTAL SALES 72,682,487 cu.ft. 33,133,021 220,000,000 15 5-,-ll~2.&5~ 480,251,364 cu. ft. Unmetered Total P'(oduction . 69 , 71~&.3~ 550,000,000 cu.ft. 1986/87 Water Production O/M 1986/87 Water Distribution O/M $ 1,141,000 585,500 Exclusion 51,200 100,000 Appl icabl e Capital Impt'ovements 1986/fl7 Debt Service 1983 Bonds Production Interest 262,327 x .566 S 148,477 1984 Bonds Production Interest 594,675 x .445 264,630 1983 Bonds Distribution P 1, I 342,475 x .11 37,672 1984 Bonds Distribution P & I 834,675 x .175 146,068 1986/87 Depreciation Facilities in place prior to October 1,1984 $ 92,457 Facilities Added $3,500,000 ~ 35 Years 100,000 II. CHARGE COMPUTATION * 1\"~.a.~.e~IJ.'Lat.e \"..C_har'.9.e Capital $92,457 + $100,000 + 148,477 + 264,630 x .21 S 127,168 0/r1 $1,14J ,000 x JQ.4,815,508 217,445 550,000,000 Administration $344,513 x .065 22,400 Profit $367,013 x .1 ____.26,701 Total 104,815,508 cU.ft. Per 100 cu. ft. Per 1,000 gallons $ 403,714 $ .3852 $ .5150 _ "',_ .. _... ,_,_"_,,__~,,,__,'__'_"'_^'_'____~_~'_"~_.'<_'__~'"~,.."~.~,_,,,,_""""""'''~_'''''''''''''_'''.''='--';''''''''',,,,,,,"''''~''')~'~'''''''~'''''''''''c,,,,,",,,-,...-- r D i2t r i b,tJ.t i o.l1....s_e.r2'J e e .Cl1..a..l^9~ 0/11 Debt $37,672 + $146,068 Capita 1 Administration $818,040 x .065 $534,300 183,740 100,000 ._53,lZl Total Tota 1 Profit 188,578,877 ell. ft. 33,133,021 eU.ft. 153,071x.1 Charge for 33,133,021 eu.ft. 1.:Cl.t.a,lC h a r 9 .e_Ca.l..Cll.l at i()!2 Trea ted via ter Distribution Total Per 100 ell. ft. Per 1,000 ga 11 OilS $403,714 168,.:)78 * [citirllated Numbers for Sample Calculations Only '-"~'''-''''''''''"''--'-'- ,.-_w," ~~, $871,213.00 153,071.00 15,307.00 168,378.00 $572,092 $ . 5458 $ .7297