METROPOLITAN WATER DISTRICT OF SO. CALIF ET AL

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f. Payments made to another department or element of OCWD, MWDOC, CMWD, SA, OCSD, or IRWD, unless otherwise approved in writing by Metropolitan. g. Intertie pipeline between the Irvine Ranch Water District Reclamation Project and this Project. h. Public outreach, education, and water marketing activities including but not limited to preparing brochures and handout materials, training, meetings, and workshops. i. All other items not specified in Section 1 of this Exhibit. 3. Annualized Capital Cost (ACCost) in dollars per year shall be computed as follows in conjunction with Section #5 of this Exhibit a. For Green Acres Reclamation Project Phase 1, the ACCost shall be determined using the Green Acres Debt Service Allocation for each respective Fiscal Year as summarized in Exhibit G. If OCWD refunds any or all issues shown in Exhibit G for savings with no economic detriment to Metropolitan, Exhibit G shall be revised by letter agreement to incorporate such refunds for savings without amending this agreement. b. For all other phases of the Green Acres Reclamation Project, the ACCost shall be . computed using the following procedure: ACCost = CRFI x P1 + CRF2 x PZ +... + CRFj x Pj Where: Pj is each portion of incurred capital cost for the Project with a distinct financing arrangement. CRFj is the capital recovery factor for each distinct financing arrangement, as follows: CRFj = [i x (1+i)"] 1 [(1+i)"-1] where: i is the interest rate (%). n is the term of financing (in years) commencing in the first Fiscal Year of Project operation. For all capital financing, cash expenditures, and grants and contributions received after the Project begins operation, annual payments shall be calculated beginning in the Fiscal Year the costs occur using the above process. j is the number of each separate financing element. Agreement 22156 -16-