The parties hereby agree that each shall be responsible for financing 50 percent of
the project costs as such costs are defined in section 102-671. Nothing contained herein shall be construed to preclude one party from initially
financing the other party's share of project costs, or a portion thereof, provided
that the party providing such financing shall be entitled to recover from the other
party the amount financed, plus coverage, if any, for the facilities, at an interest
rate equivalent to the net interest rate, as defined in section 102-671, on the debt instruments used to finance the project or at an interest rate to be
mutually agreed upon by both parties. Notwithstanding the foregoing, it is acknowledged
and agreed that the financing of the plant/reservoir site, and the intake site, of
the facilities will be undertaken as provided in section 102-682(c) and (d).
(Res. of 5-28-86, § 4.8)
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