Laserfiche WebLink
<br />. <br /> <br />application to post- '99 joint cost expenditures are set fonh on Attachment I and 4.l!!.!tl <br /> <br />allached to the drllfll1!otl hereto. The methodology discussed in this paper. and the <br /> <br />computed Cap Conversion Factor, are applicable until the actual joint cosl expenditures <br /> <br /> <br />exceed S3..l6,399,OOO. (the total joint cosls included in the 5500.000,000 Project Cost <br /> <br /> <br />estimate from July, 2003). Once actual joint cost expenditures exceed S3..l6J99,Ooo. an <br /> <br /> <br />adjusted Cap Conversion Factor will be developed as discussed in Section C.2. <br /> <br />. <br /> <br />4. Quanerly billings through December 2004 reflected the allocable percentages for each <br /> <br />sponsor as applied to the reimbursable ponion of the 5500 million cost estimale. As a <br /> <br />result of the passage of the Section 207 language in Dt.'Cember 2004. subsequenl quanerly <br /> <br />billings have been adjusted to reflect the $43 million reimbursement cap and all previolls <br /> <br />payments. Previous paymenls in excess of Ihe required amount as recalculated pursuant <br /> <br />10 Section 207 arc being applied as credils to fUlUre quanerly billings for allocable <br /> <br />reimbursable costs. joint and specific, until the allocable reimbursable costs,joint and <br /> <br />specific. require additional payrnents by the sponsors. <br /> <br />C. Other. <br /> <br />I. Eslimale of Inllatcd Reimbursement Capttfltl-Pmjt"l4-Ct.t:;1 Proj...-clkHt---fuf-Ese-ffiW <br /> <br />Pffiflflin~. The langua~e of Section 107 in eOcclnrovides that repanllenl will nOI be <br /> <br />~uired for $ I bJ ~tlilion in cost increases included ill the $500 ~1illiol1total Proiccl Cost <br /> <br />eSlllllillC'\.l by Reclamation in July.100J basc..'ti on Janu<lr\. 2003 price levels. but. as <br /> <br />intcmrelcd b\" Reclamation. Section 207 does call for the +U Million reimbursement cap <br /> <br />to be sublcct 10 inl1ation. A simple ratio and proponion method will be usc.."d to estimate <br /> <br />. <br />