OCR Text |
Show Oil . ioalco Unit repayment tr 'intract put at 1 6 million lit Mi 7!xni contract for the Upalco lit A Central Utah Project will ycost the Central Utah Water icy District $16,025,000. :tions from the Water and 'sources Service and the let in Orem Tuesday of last ' i fourth negotiating session to I terms of the contract. ' terms of the contract, the sgrees to pay an estimated J obligation of $5,141,000 and -ited municipal and industrial i of $10,884,000 plus interest. Son, the agreement stated, il amounts may be added for : fluctuations in the cost of construction as indicated by engineering cost indexes applicable to the type of construction involved. "The district's repayment obligation and division is subject to adjustments, depending on the facilities constructed and on the allocation of construction costs and allotment of project water to irrigation and municipal and industrial uses which will be made by the secretary in accordance with law...," the contract says. Officials said that after the negotiating team reaches agreement the contract will have to be approved by the Interior secretary and by the board of directors of the district before it would be binding. |