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07/27/93
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07/27/93
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Meetings
Meeting Document Type
Agenda
Document Title
Finance Committee
Document Date
07/27/1993
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Subdjv~£ion 2. Each member agree~ to contribute eact year to a <br />genera] fund, said fund to be used for genera] administration purposes <br />including, but not limited to: sa3ar]es, rent, supp]ies, deve3opment of <br />an overall plan, e~ineerin9 and legal expenses, insurance, and bonds, and <br />to purchase and maintain devices to measure hydrological and water quality <br />d~ta. Said funds may also be used for norma3 maintenance of the <br />facilities, but any extraordinary maintenance or repair expense shall be <br />treated as an improvement cost and processed in accordance with Subdivision <br />4 of this Article. The annual contribution by each member shall be based <br />fifty percent (50%) on the net ta~: capacity of all property ~'ithin the <br />Watershed and fifty percent (50%) on the basis of the total area of each <br />member within the boundaries of the Watershed each year to the total area in <br />the Lower Rum River Watershed governed by this Agreement. <br /> <br /> Subdivision 3. <br /> <br /> (a) An improvement fund shall be established for each improvement <br />project instituted under Article VII~ Subdivision 3. Each member agrees <br />to contribute to said fund its proportionate share of the engineering, <br />legal and administrative costs as determined by the Commission as the <br />amount to be assessed against each member as a cost of the improvement. The <br />Board sh~13 submit in writin~ a statement to eac~ member, se~_n~ forth in <br />detail the expenses incurred by the Commission for each project. <br /> <br /> Each member further agrees to pay to or contract with the member <br />governmental unit awarding said contract for the improvement, its <br />proportionate share of the cost of the improvement in accordance with the <br />determination of the Board under Article V!I,'~Subdivision ~. The member <br />awarding the contract shall submit in writing copies of the engineer's <br />certificate authorizing payment dur{nc~_ ~ construction and the member being <br /> <br />-25- <br /> <br /> <br />
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