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<br />. <br /> <br />. <br /> <br />. <br /> <br />Attachment I <br /> <br />Di\cu\\ion on [)c\'elopmenl of Cap ConHr\ion "actor <br /> <br />A simplified approach to a~counling fOT the t'ffecI of Section 207 on Escrow Agreement <br /> <br />interim quanerly payments was presented to the IWO contractors that hold repayment <br /> <br />contraclS. A draft worksheet (Attachment -I) provided proposes a nl\:lhod of applying <br /> <br />the mlent of See lion 207 to actual joint COSI expenditures for use in the: quarterly billing <br /> <br />process. lbC" methodology applies a r..uio, or cap conversion factor. to posl-1999 actual <br /> <br />jomt l'OS[ expenditures 10 rdlccllhc cap on repayment Iiabili[)' established in Section <br /> <br />207.I11c use uflhe ratio is intended to meellhc n:quircmcnl of Section 207 for the <br /> <br />reimbursable costs not 10 exceed S.B,OOO,OOO for the lirst $500.000.000 of the- tOlal <br /> <br />project costs. To Simplify the adminislration of the escrow accounl.the cap conversion <br /> <br />factor is applied 10 all joint costs incurred from 1999 to the prescnI. This results in a <br /> <br />difference between the amount aCHh!1l.Lpaid to dale b\ contradof) and Ihe aUlllUll1 due ,J~ <br /> <br />~_In!llLQ[#';l'Ction 207, Jt is Reclamation's posilion that this JitTerence is not an <br /> <br />O\-erpa)ment. as the amounts paid to date were bille-d and paid in accordance with Ihe <br /> <br />applic'abk agfl>emenls and law at the lime thc payments were made. <br /> <br />Delded: 1'"". <br /> <br />De~ed:,,,,,,,,,'d~< 1lIi..h11rm...< <br />"1h<,.".~ll""ld~ "rlh<pa....l'l" of Ill< <br />Yet,.,., ~G1I.onpa!:t' m Da:.mt><.. ~Ol).t <br />