ALP 15

CityofDutango 1,900 AF
Appendac 1
Initial Option Payment Calculation
Option Payment is the greater of
A
(1) 5% of the cunnutiy estimated Water (age - $243,870.
(A) Base Water Charge: Number of acre feet purcbasod + 2,600 x $6,674,350
For Durango: (1,900 + 2,600) x $6,674,350 = $4,877,409.
And
(B) Additional "Water Charge: pro rata share of 3.07% of Joint Project Costs in
wwass of 5217, 287,950 dent ern reasonable and unforeseen. At this time,
no additional water charge bas been de tatanned. ak wever, the Bureau of
RoclamatiotI has indicated drat -it anticipates an Additional Rapeymemt
wit Fwxling Agree ma d of $42,611 for rho ALPD
Thy estimated Water Charge for Durango at this time= $4 ,877,409.
5%- $243,870.
Plus
(2) 5% of Prepaid Specific Costs Wkcated to the portion of the ALPD Depletion
Allocation optioned - 529,093.
(A) PPS d Special Itan of Specific Costs — $i 80,400 for Durango Pumping
Durango share - 1000/6, or 5580,400
(B) Prepaid General Items of Specific Costs = $2,000 for Ridges Basin Dam
Durango shag$ = (1,900 + 2,600) x $2,000 = S1462
Total Durango Prepaid Specific Costs - SS81,862