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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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In excess of one half of one percent of the net tax capacity of all taxable <br />property %'ithin the watershed and within the member's corporate boundaries <br />in an), ode calendar year. <br /> <br /> Members' attention ~s drawn to ~innesots Statutes, Section <br />103B.245, which authorizes a Watershed ~anagement Ta): District to be <br />created within escb member' Cit), to ps}' the costs of planning and for the <br />purpose of paying capital costs and/or normal and routine maintenance of <br />facilities. <br /> <br /> Subdivision 5. Cost Allocation. General costs of opera~ing the <br />Commission shall be as set forth in Article VIII, Subdivision 2. The <br />Commission shall apportion costs of any capital improvements to the <br />respective members on either (!), (2) or (3) of the following bases: <br /> <br /> (i) A negotiated amount to be arrived at by the members who <br /> have lands in the subdistrict. It is anticipated that <br /> most capita! improvements will be made under this <br /> provision; or <br /> <br /> (2) (a) Fifty percent of ali capital costs or the <br /> <br />(b) <br /> <br />financing thereof shall be apportioned to each <br />member on the basis of the net tax capacity of each <br />member within the boundaries of the watershed <br />each year to the total net tax capacity in the <br />Lower Rum River ?~atershed area governed by this <br />Agreement. <br /> <br />Fifty percent ..of al! capital costs or the <br />financing thereof.shall be apportioned to each <br />member on the basis of the total area of each <br />member within the boundaries of the watershed <br /> <br />-28- <br /> <br /> <br />
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