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<br />. <br /> <br />B. The parties agree to review the Rate at ten (10) years from the effective date of this <br /> <br />agreement This review shall include a cost of service study, which shall review Ihe <br /> <br />rate of return on Board assets and otber economic factors. <br /> <br />SECTION 6.02 <br /> <br />Master Meter Installation <br /> <br />In order to measure water nsage the Board shall install a master meter or meters at its <br /> <br />own expense at a location mutually agreeable to both parties. Monthly billings to RosevilIe shall <br /> <br />be based on the readings of tbe Board's meter(s). Tbe Board shall makc records of ils master <br /> <br />meter maintenance available to RosevilIe upon request. The Board's master meter(s) sball be <br /> <br />tested annually by the Board and those test results provided to Roseville. The Board shall <br /> <br />provide Roseville with advance notice of the master meter testing date in order to afford a <br /> <br />Roseville representative the opportunity to attend the test. It shall be the duty of either party to <br /> <br />notify the other party in the event that the master meter(s) is registering incorrectly or <br /> <br />malfunctioning so that tbe metcr(s) can be promptly repaired. In the event a meter(s) is <br /> <br />discovered malfunctioning, tbe amount of water that has passed through the meter will be <br /> <br />estimated for each day tllC meter has not functioned ccrrectly. <br /> <br />SECTION 6.03 Mder Reading and Billing <br />Monthly nnster meter readings shall be made by thc Board on the last working day of <br /> <br />each month. Billings by the Board shall be mailed to Roscville on or hefore the 10tll day of the <br /> <br />following month (the Billing Date) and payment on such bals shall be made by Roseville to the <br /> <br />Board within 20 days from the Billing Date. Balances that rcmain unpaid after thirty (30) days <br /> <br />shall be subject to a 1 % per month late charge; this charge will be added to the next monthly <br /> <br />billing. <br /> <br />. <br /> <br />. <br /> <br />6 <br />