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<br />method will be used to estimate the effect of inflation on the reimbursement cap. as set <br /> <br />forth in .A!!l:1~h~~~t?~__uu_u________u_____________u___u_______uuuu__u_________u__________________u__uu_/'' <br /> <br />Deleted: $337 million ($500 million _ <br />$163 milliou), which results in an <br />estimated inflated reimbursement c <br />This method is reflected in <br /> <br /> <br />2. Proiect Cost Proiection for Escrow Planning. In order to assist contractors in <br /> <br />projecting overall project costs for escrow planning, a process was presented to the <br /> <br />sponsors during an August 29, 2005 meeting. A synopsis of that process is described in <br /> <br />Attachment 3. <br /> <br />/{ Deleted: 2 <br />1~~~j-!-!~~~~!_~fS~~R~()~~~}:~!~l1_ Factor. At such time as the actualj~i.11~ ~()_~L________________<'::::--{ Deleted: . <br /> <br />expenditures exceed $346,399,000, (the estimated total joint costs included in the <br /> <br />$500,000,000 Project Cost estimate from July, 2003), Reclamation will develop an <br /> <br />adjusted Cap Conversion Factor to reflect the Inflated Reimbursement Cap. At that time, <br /> <br />the remaining reimbursable costs to be recovered, due to the effects of inflation, will be <br /> <br />calculated. Adjustments to the remaining reimbursable costs due to inflation on the <br /> <br />estimated City of Durango specific costs will be considered in this calculation. A revised <br /> <br />. <br /> <br />Cap Conversion Factor will be developed as a ratio of the calculated remaining <br /> <br />/{ Deleted: with <br />reimbursable costs to be recovered unde~ Section 207 to the calculated remaining // <br />__uu__u_uu_u_uu_u___uu_u___u_u__u_uuu ___uuuu___ ".{ Deleted: ould <br />reimbursable costs without the effect of Section 207. The Cap Conversion Factor wil!.!>.~u/'" <br /> <br />reviewed each year as indexed project cost estimates are released. <br /> <br />",{ Deleted: 3 <br />I ~: - _"f_i.11~l_~~~! - ~D~~l:1!!~~ _l:1~~P~~~~~l:1!}~~ _()X _~~_'!~_()!!l:1J?!~ _'!~~ _\! ~f~~~~~~~_~()_~!~~ - Ih~_____ - -,,0'" <br /> <br />language of the Colorado Ute Settlement Act Amendments of 2000 addressing final cost <br /> <br />allocation, relinquishment of water, and reasonable and unforeseen costs, remains <br /> <br />. <br />