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<br />Heavener v020107 <br /> <br />EXHIBIT B: (Continued) <br /> <br />III - FIRST COST OF STORAGE TO BE REPAID BY AUTHORITY FOR WATER SUPPLY <br />STORAGE <br /> <br />Computation Cost <br />Joint-use construction cost for 1,733 acre-feet of water supply storage <br />(.428% x $10,380,500) $ 44,428.54 <br />Interest during construction on the joint-use construction cost <br />(.428% x $ 498,500) $ 2,133.58 <br />TOTAL FIRST COST TO BE REPAID $ 46,562.12 <br />Less Credit received for 42 payments under the 1963 AQreement $ -31,374.56 <br />REMAINING FIRST COST TO BE REPAID $ 15,187.56 <br /> <br />IV- TOTAL ANNUAL COST TO AUTHORITY FOR WATER SUPPLY STORAGE <br /> <br />Item Type of Use Computation Cost <br />Interest and Remaining first cost $15,187.56 x .139467 factor based on <br />amortization (from Exhibit B-III) 8 payments with interest at 2.5%. $ 2,118.16 <br />Operation & Joint-use actual for FY 06 .428%2/ x $258,680.83 $ 1,107.15 <br />Maintenance 1/ <br />Subtotal <br />Annual Cost $ 3,225.31 <br />Repair, <br />rehabilitation and Joint-use actual for FY 06 .428%3/ x $ 0 $ 0 <br />replacement 4/ <br />TOTAL $ 3,225.31 <br /> <br />Notes: <br /> <br />1/ Payment due and payable on the date specified in Article 5(a)(2). <br /> <br />Y Percent of Proj ect joint -use operation and maintenance cost allocated to water supply. <br /> <br />}/ Percent of Project joint-use repair, rehabilitation and replacement cost allocated to water supply. <br /> <br />11 Repair, rehabilitation and replacement costs are payable only when incurred as specified in Article 5(b). It <br />is suggested that a reserve or sinking fund be set up for future contingency. <br /> <br />12 <br />