RES 77203 - Laserfiche WebLink

II. III. D. Manner of Payment: Agency shall pay to Authority by July l, 1978, the amount of 50% of Line g of the estimated costs shown in Section I.A. of this Exhibit A. Prior to connection and obtaining service from the Authority's system, Agency payments shall total the full amount of Line 9 based upon actual construction costs. In the event actual construction costs are not known at the time the facilities are completed and ser- vice is requested by Agency, the total estimated costs of Line 9, Section I.A. shall be paid by A'gency and any refunds or additional charges to Agency shall be paid by the appropriate party, based upon the costsas best known one year from the acceptance date of the last construction contract for those facilities in which Agency is partiCi- pating. Any subsequent construction costs incurred shall be apportioned to and paid by Agency within sixty days of an invoice from Authority. REPLACEMENT COSTS CONTRIBUTED: Agency agrees to pay the sum of 10.43% of all direct costs of replacement of capital assets (being those assets for which Agency has paid an initial con- tribution) plus 20% of that cost of Indirect Costs. Agency further agrees to maintain a replacement fund in accordance with the State-approved Revenue Program and shall guarantee its share of costs for the replacement of capital assets. Replacement of capital assets shall be as defined in 40 CFR 35.905.17 Of the Federal Grant Regulations. INDUSTRIAL COST RECOVERY Agency agrees to pay to the Authority its share of the annual Industrial Recovery costs for those facilities for which Agency contributed Initial Costs under Section I.A. of this Exhibit. The Industrial Recovery costs A-3