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$~00 monthly minimum <br />3.0~ ,Annual Cons. The City shall determine its budgeted, annual cons for Pardon A <br />Exhibit A}, The 2009 budgeted annual costs are as follows: <br />1 } Gperations and Maintenance $ 7,000 <br />2} Administrative and General $ 1,500 <br />3} Depreciation and Xnterest $ 70,371 <br />4} Payment in lieu of Taxes $ 1_,_8.33__ <br />Total annual costs: $ 80,704 <br />After the calendar year is completed, a `true-up' billing or payment shall be made to Connexus <br />Energy to reflect differences between budget and actual costs. Each Party shall, at all reasonable <br />times, have the right to audit and Inspect such other Party's records andlor documents as maybe <br />related to its performance of this Agreement, The minimum monthly charge to Connexus <br />Energy from the City for use of the facilities is $200,OOlmonth <br />ARTICLE IV <br />~ILLII~~ ADD PAYMENT <br />4.01 ~i~~in Procedures. Each Utility shall bill the other Utility monthly by first class <br />mail or other electronic means as mutually agreed, for services provided hereunder during the <br />previous month in accordance with the provisions of Article ZIZ. Such bills shall be rendered on <br />or before the tenth day after the end of the month during which service was furnished. <br />4.0~ I~e~a ed Pa mend Char e. Payments not received on or before the close of <br />business on the ZOt~' day after the end of the month during which service has been provided shall <br />be subject to a three percent ~3°/a} late payment charge. <br />6 <br />