b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 AMP.As such, the participants are obligated to pay any costs incurred for the project.In November 2009, the participants voted to terminate the AMPGS Project due to projected escalating costs.All project costs incurredpriortothecancellationandrelatedtothecancellationwerethereforedeemedimpaired,and participants were obligated to pay those incurred costs.As a result of a March 2014 legal ruling, the AMP Board of Trustees on April 15, 2014, and the AMPGS participants on April 16, 2014, approved the collection of the impaired costs and provided the participants with an estimate of their liability.The Citys estimated share of the impaired costs at March 31, 2014, was $3,638,459.The City received a credit of $1,182,083 related to the Citys participation in the AMP Freemont Energy Center (AFEC) Project, and another credit of $949,722 related to the AMPGS costs deemed to have future benefit for the project participants, classified as Plant Held for Future Use (PHFU), leaving an initial net impaired cost estimate of $1,506,654, which was reported as an AMPGS Payable in the electric enterprise fund as of December 31, 2013.AMP financed these costs on its revolving line of credit.Any additional costs (including line-of-credit interest and legal fees) or amounts received related to the project will impact the Citys liability.These amounts will be recorded as they become estimable.In late 2016, AMP reached a settlement in the Bechtel Corporation litigation.On December 8, 2016, at the AMPGS participants meeting, options for the allocation of the settlement funds were approved.The AMPGs participants and the AMP Board of Trustees voted to allocate the settlement among the participants and the AMP general fund based on each participants original project share in kW, including the AMP general funds project share.Since March 31, 2014, the City has made payments of $1,149,189 to AMP toward its net impaired cost estimate.Also since March 31, 2014, the Citys allocation of additional costs incurred by the project is $44,088 and interest expense incurred on AMPs line-of-credit of $94,438, resulting in a net impaired cost estimate at December 31, 2019, of $495,991.The City does have a potential PHFU liability of $1,054,607 resulting in a net total potential liability of $1,550,598, assuming the assets making up the PHFU (principally the land comprising the Meigs County site) have no value and also assuming the Citys credit balance would earn zero interest.Stranded costs as well as PHFU costs are subject to change, including future borrowing costs on the AMP line of credit.Activities include negative items such as property taxes, as well as positive items such as revenue from leases or sale of all or a portion of the Meigs County site property.TheCityintendstorecoverthesecostsandrepayAMPoverthenextfouryearsthroughapowercost adjustment; thus this incurred cost has been capitalized and reported as a regulated asset. Note 13Capital Lease PayableIn 2016, the City entered into a capital lease for a copier.This lease meets the criteria of a capital lease.The asset was capitalized at the present value of the minimum lease payments at the time the lease was entered into.The asset acquired through the capital lease is as follows:GovernmentalActivitiesMachinery and Equipment$10,856Less:Accumulated Depreciation (2,172)Current Book Value $8,684- 55 55 -'