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ARTICLE II — RELATIONSHIP TO OTHER AGREEMENTS . <br /> This Contract is predicated on the State ' s right to utilize the Jordan Water Supply Storage as <br /> provided in the contract between the State and the Government, dated April 10 , 1988 , which <br /> is attached hereto as Attachment A . Upon execution of this Contract any and all previous <br /> contracts between the State and the Allocation Holder regarding water supply in Jordan Lake <br /> are merged into this Contract and all outstanding rights and duties under previous contracts <br /> are continued and governed by this Contract . If there is a conflict between prior contracts <br /> and this Contract, the provisions in this Contract shall prevail . <br /> ARTICLE III — JORDAN WATER SUPPLY STORAGE . <br /> (A) Total Water Supply Storage Available . As provided in Attachment A, the State has the <br /> right to utilize an undivided 32 . 62 percent of the storage space, at the Project between <br /> elevation 202 feet above mean sea level and 216 feet above mean sea level . The storage <br /> space held by the State is estimated to equal 45 , 800 acre -feet before adjustment for <br /> sediment deposits . <br /> (B ) Jordan Water Supply Storage Amounts . The Division will maintain records on the <br /> ilable in the water supply storage pool and will inform each amount of water supply ava <br /> Allocation Holder of the amount of water available in its portion of that pool . <br /> (C) Sediment Adjustments . From time to time , the Government will survey the amount of <br /> sediment accumulated in Jordan Lake . When necessary, the Government will re - allocate <br /> the storage remaining in the lake among project purposes , maintaining the same <br /> proportional storage space for each purpose . This adjustment of storage may reduce the <br /> amount of space available to each Allocation Holder . Note , because a sediment storage <br /> pool designed to last over 100 years is included in Jordan Lake , such reductions in water <br /> supply storage are not expected to occur until after the year 2082 . <br /> ARTICLE IV — RIGHTS OF THE ALLOCATION HOLDER . <br /> (A) Level II Allocation : The Allocation Holder has a one and one-half ( 1 . 5 ) percent Level II <br /> Allocation . In order to withdraw any portion of the Level II Allocation, the Allocation <br /> Holder must seek approval from the Commission to convert the Level II Allocation to a <br /> Level I Allocation . Pursuant to 15A NCAC 02G . 0504 , the Allocation Holder must <br /> demonstrate an immediate need and ability to commence withdrawal within five years of <br /> the effective date of the conversion . <br /> (B ) The Allocation Holder ' s right to withdraw is contingent upon compliance with this <br /> Contract . The Allocation Holder ' s allocation may be revised or rescinded as set forth in <br /> 15A NCAC 02G . 0507 . <br /> 3 <br />