Agenda - Council - 06/27/1995 - Laserfiche WebLink

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priorlto the hearing. Subdivision 4. On or before July 1 of each year, the Board shall adopt a detailed budget for the ensuing yeah and decide upon the total amount necessary for the general fund. Budget approval shall require a favorable vote by a majority of all eligible votes of the then existing members of the Board. The secretar* of the Board shall certify the budget on or before July 1 to the clerk of each member governmental unit together with a statement of the proportion of the budget to be provided by each member. The Councillof each member agrees to review the budget, and the Board shall upon notice from any member received prior to August 1, hear objections to the budget, and may, upon notice to all members and after a hearing, modify or amend the budget, and then give notice to the members of any ands all modifications or amendments. Each member agrees to provide the funds required by the budget and said determination shall be conclusive if no member enters objections in writing on or before August 1. If no objections are subrrutted to the Board, each member agrees to provide the funds approved by the Board, after the Board has conducted the aforementioned hearing. Modifications or amendments to the original budget require a favorable vote by a majority of all eligible voters of then existing members of the Board. The schedule of payments by the members shall be determined by the Board in such a manner as to providO. for an orderly collection of the funds needed. Upon notice Viand hearing, the Board by a favorable vote of a majority of all eligible votes of then existing members may adopt a supplemental budget requiring additional payments by the members within 601days of its adoption but in no event shall the budget require any member to contribute in excess !of one half of one percent of the net tax capacity of all taxable property within the watershed and N�thin the member's corporate boundaries in any one calendar year. Members' attention is drawn to Minnesota Statutes, Section 103B.245, which authorizes a Watershed Manage#nent Tax District to be created within each member City to pay the costs of planning and for tho purpose of paying capital costs and/or normal and routine maintenance of facilities. ' Subdivision �. Cost Allocation. General costs of operating the Commission shall be as set forth in Article VIII, Subdivision 2. The Commission shall apportion costs of any capital improvements to tie respective members based upon a negotiated agreement to ' be arrived at by members who have lands in the subdistrict. In the event a `negotiation cannot be reached, the distribution of costs will be determined through the arbitration process described in Afticle VII Subd. 6. on e imdier � . 1 ac09