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Last modified
10/24/2016 1:49:02 PM
Creation date
6/18/2013 11:01:00 AM
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Animas La Plata Project
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2 <br />3 <br />tablishes that the Final Repayment Obligation is in excess of any payments made by. the State <br />ward the Estimated Repayment Obligation of $36,214,474 the State will have the option to pay <br />e remaining balance of the Final Repayment Obligation 180 days from the date of written <br />4 nitice. <br />5 (g) After the 180 -day final payment option established in Article 7(f) has expired, the <br />6 u paid portion of the Final Repayment Obligation shall become the Remaining Repayment <br />7 O ligation of the State. The United States will assign that Remaining Repayment Obligation, on <br />8 a ro rata basis, to a portion of the State's Project allocation, subject to the procedures of Section <br />9 6 t (3)(B) of the Settlement Act, as amended. The formula to determine the portion of the State's <br />10 P ect allocation that this Remaining Repayment Obligation will be assigned is as follows: <br />11 <br />mining 10,440 <br />ect Allocation = (Final Repayment Obligation - Repayment Received) x Acre - <br />Wring Final Repayment Obligation Feet <br />12 1 <br />13 T e above calculation to identify the Project allocation assigned to the Remaining Repayment <br />14 O ligation will be rounded to the nearest whole acre -foot of storage. <br />15 (h) Upon final cost allocation, if the State elects not to pay the Remaining Repayment <br />16 Obligation to the United States for the remaining Project allocation (including storage) described <br />17 a calculated in Article 7(g), then this portion of the State's Project allocation shall be subject <br />18 to the procedures of relinquishment as specified by Section 6(a)(3)(B) of the Settlement Act, as <br />19 <br />20 <br />21 <br />(i) It is agreed that during construction every attempt will be made to keep Non - Contract <br />is at or below 30 percent of the final contract costs. The United States will continue to <br />16 <br />
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