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and may, upon notice to all membeMembers and after a hearing, modify or amend the budget, <br />and then give notice to the m cmMembers of any and all modifications or amendments. <br />Each mcmbcrMember agrees to provide the funds required by the budget and said <br />determination shall be conclusive if no memberMember enters objections in writing on or before <br />August 1. If no objections are submitted to the Board, each mexberMember agrees to provide <br />the funds approved by the Board, after the Board has conducted the aforementioned hearing. <br />Modifications or amendments to the original budget require a favorable vote by a majority of all <br />eligible voters of then existing members of the BoardCommissioners. <br />The schedule of payments by the membeMembers shall be determined by the Board in <br />such a manner as to provide for an orderly collection of the funds needed. <br />Upon notice and hearing, the Board by a favorable vote of a majority of all eligible votes <br />of then existing member-aCommissioners may adopt a supplemental budget requiring additional <br />payments by the fnembefsMembers within 60 days of its adoption but in no event shall the <br />budget require any friemb-e-rMember to contribute in excess of one half of one percent of the net <br />tax capacity of all taxable property within the watcrshedWatershed and within the <br />membefMember's corporate boundaries in any one calendar year. <br />Members' attention is drawn to Minnesota Statutes, Section 103B.245, which authorizes <br />a Watershed Management Tax District to be created within each member City to pay the costs of <br />planning and for the purpose of paying capital costs and /or normal and routine maintenance of <br />facilities. <br />Subdivision 5. Cost Allocation. General costs of operating the Commission shall be as <br />set forth in Article VIII, Subdivision 2. <br />improvements to the respective members based upon a negotiated agreement to be arrived, at by <br />members who have lands in the subdistrict. In the event a negotiation cannot be reached, the <br />distribution of costs will be determined through the arbitration process described in Article VII <br />Subd. 6.Costs of capital projects to be paid by Members will be determined and paid in <br />accordance with Articles VII, Subdivisions 4 and 6 and Article VIII, Subdivision 3. If the <br />Members do not agree to the allocation of costs to be paid by Members, costs will be paid <br />pursuant to Minnesota Statutes, Section 103B.251 or secured from other sources. <br />Subdivision 1. The Commission shall not have the power to issue certificates, warrants <br />or bonds. <br />Subdivision 2. The Commission shall not have the power of eminent domain and shall <br />not own any interest in real property. All interests in lands shall be held in the name of the <br />eeTefate-membefMember wherein said lands are located. <br />438695v23 LW105 -1 <br />MISCELLANEOUS PROVISIONS <br />IX. <br />16 <br />