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from the City and whose denominator is the total of ADM's average daily withdrawal <br /> from the Lake plus the City's average daily withdrawal from the Lake. In all events, the <br /> numerator and denominator shall be measured based on average daily withdrawal <br /> during the twelve calendar months prior to one month before City Council approval of <br /> Lake Improvements. In no event shall ADM be obligated to pay more than $1,000,000 <br /> in any calendar year for Lake Improvements with the exception of a one (1) time <br /> payment to the City of Two Million Five Hundred Thousand Dollars ($2,500,000) for use <br /> by the City in the development of alternative water supplies including, but not limited to, <br /> the development of horizontal wells for use by the City and payable upon request by the <br /> City. The City shall bill ADM annually as costs are incurred. ADM shall pay the City's <br /> billings for such cost within 30 days of the date of billing. Prior to commencement of <br /> any Lake Improvement, the City shall give ADM written notice and a thirty (30) day <br /> period for comment. Schedule A to this Agreement lists all Lake Improvements <br /> completed or in progress as of the date of this Agreement that are subject to the cost <br /> sharing provisions of this Section. For purposes hereof, the "cost of Lake <br /> Improvements" shall mean the City's net cost of Lake Improvements after subtracting all <br /> funds received by the City from any Federal, State or local governmental agency, grant <br /> or program (excluding the City) with respect to Lake Improvements. In the event that <br /> the City sells or otherwise disposes of for value any assets, a portion of the cost of <br /> which was paid or borne by ADM, the City shall promptly remit to ADM a portion of the <br /> amount received by the City with respect to such assets, such amount to be in direct <br /> proportion to the portion of the cost of such assets paid or borne by ADM. <br /> 8 <br />