Common use of Up Requirement Clause in Contracts

Up Requirement. Within 60 days after the close of the fiscal year, full actual operational costs shall be summarized and a true-up amount calculated for each Water Producing Member Agency equal to the total amount previously paid for the year minus the actual amount calculated to be due. Any overpayment shall be refunded by the Water Producing Member Agency to CIWW and any underpayment shall be paid by CIWW to the Water Producing Member Agency. Such amounts shall be paid within twenty-five (25) days of the determination of the amount due. SUBJECT TO CHANGE BASED ON FINAL SCHEDULES I-2B AND XIII Maximum Day Demand in Millions of Gallons Member Agency 5 Yr Avg MDD (Schedule I-2B) Addl Allocation of Reserve Capacity (Schedule XIII-1) Capacity Allocation Des Moines Water Works 42.42 2.87 45.29 Bondurant 0.79 1.31 2.10 Clive 3.93 0.38 4.31 Johnston 4.84 1.50 6.34 Norwalk 1.75 1.63 3.38 ▇▇▇▇▇▇ Water District 2.64 0.38 3.02 Xenia Rural Water District 3.32 2.58 5.90 Altoona 4.40 2.55 6.95 Ankeny 8.41 5.74 14.15 ▇▇▇▇▇▇ 3.18 3.38 6.56 Polk City 1.18 0.41 1.59 UWU 9.83 3.32 13.15 Waukee 3.59 2.87 6.46 West Des Moines Water Works 14.35 2.97 17.32 Total 104.62 31.88 136.50 This Schedule describes the methodology for determining payments for Allocated Capacity by New Member Agencies under Section 4 of Article V. Step 1: Determine the Total Capacity Requirements as described in Article V, Section 3. Step 2: Multiply the Total Capacity Requirement by the Incremental Unit Cost of Capacity, which shall be determined as follows:

Up Requirement. Within 60 days after the close of the fiscal year, full actual operational costs shall be summarized and a true-up amount calculated for each Water Producing Member Agency equal to the total amount previously paid for the year minus the actual amount calculated to be due. Any overpayment shall be refunded by the Water Producing Member Agency to CIWW and any underpayment shall be paid by CIWW to the Water Producing Member Agency. Such amounts shall be paid within twenty-five (25) days of the determination of the amount due. SUBJECT TO CHANGE BASED ON FINAL SCHEDULES I-2B AND XIII Maximum Day Demand in Millions of Gallons Member Agency 5 5-Yr Avg MDD (Schedule I-2B) Addl Allocation of Reserve Capacity (Schedule XIII-1) Capacity Allocation Des Moines Water Works 42.42 Altoona-Total 4.13 2.55 6.68 Ankeny 8.59 5.74 14.33 ▇▇▇▇▇▇▇▇▇ 0.91 1.31 2.22 Clive 3.94 0.38 4.32 DMWW-Total 42.93 2.87 45.29 Bondurant 0.79 1.31 2.10 Clive 3.93 0.38 4.31 Johnston 4.84 1.50 6.34 45.80 ▇▇▇▇▇▇▇▇ 5.01 1.5 6.51 ▇▇▇▇▇▇ 3.37 3.38 6.75 Norwalk 1.75 2.28 1.63 3.38 3.91 Polk City-Total 1.22 0.41 1.63 UWU 10.11 3.32 13.43 ▇▇▇▇▇▇ Water District 2.64 2.78 0.38 3.02 Xenia Rural Water District 3.32 3.16 Waukee 3.91 2.87 6.78 WDMWW-Total 13.99 2.97 16.96 Xenia-Total 2.86 2.58 5.90 Altoona 4.40 2.55 6.95 Ankeny 8.41 5.74 14.15 ▇▇▇▇▇▇ 3.18 3.38 6.56 Polk City 1.18 0.41 1.59 UWU 9.83 3.32 13.15 Waukee 3.59 2.87 6.46 West Des Moines Water Works 14.35 2.97 17.32 Total 104.62 31.88 136.50 5.44 Totals 106.02 31.89 137.91 This Schedule describes the methodology for determining payments for Allocated Capacity by New Member Agencies under Section 4 of Article V. Step 1: Determine the Total Capacity Requirements as described in Article V, Section 3. Step 2: Multiply the Total Capacity Requirement by the Incremental Unit Cost of Capacity, which shall be determined as follows: