Laserfiche WebLink
CENTENNIAL FIRE DISTRICT <br /> JOINT POWERS AGREEMENT <br /> After six (6) month period, no refund of damages shall occur, even though the <br /> municipality may determine they wish to abandon their withdrawal and stay with the <br /> District. <br /> 11.4 Distribution of Equipment. Distribution of equipment for withdrawal shall be as <br /> specified in Section XIII. <br /> SECTION XII <br /> DURATION, DISSOLUTION OF THE DISTRICT <br /> 12.1 Unless dissolved pursuant to this agreement, the duration of the District shall be perpetual. <br /> 122 Dissolution. The District shall be dissolved upon unanimous agreement of all parties. <br /> 120 . Upon unanimous agreement for dissolution, each member municipality shall continue <br /> payments and operated as a full participant in the District for a two (2) year period, so that <br /> distribution of equipment can occur in an orderly fashion. <br /> SECTION XIII <br /> DISTRIBUTION OF EQUIPMENT UPON TERbfINATION, WITHDRAWAL OR <br /> DISSOLUTION <br /> 13.1 Process. <br /> (a) Upon dissolution, termination or withdrawal from the District by a member, or <br /> members of the District, the following procedure shall be used to distribute the <br /> personal property of the District, its capital equipment and other related <br /> equipment. Distribution will only occur after all District debts and long term <br /> expenses have been satisfied. <br /> (b) Within six months of notice of withdrawal or dissolution the District shall retain a <br /> qualified appraiser to evaluate each piece of capital equipment and all other <br /> equipment and personal property that is owned by the District. The appraiser shall <br /> submit the report to each of the municipalities within three dispute resolution <br /> provisions of Sections III an X will be employed. <br /> In addition, the financial records of the District will be reviewed for the lesser of <br /> the life of the District or for the last 15 years, to determine the total dollar value of <br /> contributed equipment and depreciation payments made by each member <br /> municipality. The District will then determine the percentage of the total paid by <br /> each member municipality. <br /> (c) The percentage of the total contributions over the applicable period will then be <br /> multiplied times the total dollars arrived at by the appraiser for all capital <br /> i equipment, other equipment and personal property of the District. <br /> Page 9 11 <br />