Laserfiche WebLink
2) Orie-half (1/.2)-of each Members -entire amount shall be due by January 31 of the year <br />due and the second one-half (W) of the entire amount shall be due by August 31 of the <br />year due. <br />Failure to pay the required amount§ by theAue dates will cause a one percent (19/6) per month <br />service fee -to: be added to the unpaid amount due. <br />Snbdivisiou.2. Budget Meeting and Approval. The proposed annual Operating and Capital <br />:improvement budget for the next calendar year shall be prepared by September 1 each calendar <br />year. <br />-Subdivision 3.. Annual Assessment for Services. <br />The annual contribution ofeach.Membery c ther entity shall be calculated upon the following <br />formula: <br />1) Forty percent (40%) based upon the assessed valuation of all real property of each <br />government unit within the Area;. <br />2) Forty percent (40%) based upon the total area of the property within each governmental <br />unit with the.Area; and <br />3) Twenty percent (20%) based upon the population of each governmental unit within the. <br />Area. <br />Subdivision.4'.. Capttaldaipr-ovement Projects Program and Funding. On or before July l of <br />each year the Board shall.pre..pare. a capital p2provements program and budget for projects to be <br />started or completed in the following -year as described in the Water Plan. Each proposed project <br />shall be described and its estimated. coA.�and-t me:for completion shall be provided. Only pmjects <br />described in the Watershed Management -Plan -or its amendments'may be -included in the capital <br />improvement budget. Funding in the capital improvement .budget shall be calculated as follows <br />1} If money raised by the Special tax levies to 6e used for Capital.Pxajwo the Members shall <br />beprovided.the opportunity to roidc* and'approve the amount of-dw tax Iavy that will be <br />used for Capital Projects.w3thin-sW*(0Q) days of receipt of the Board's Capital <br />Improvement Budget; <br />2) If a capital project is to be funded wholly or in part by one or more governmental mut(s), <br />they will be provided the opportunity to.revitew-vAd approve or disapprove the capital. <br />improvement budget within sixty (60)- days of receipt of the Board's. Capital improvement <br />Budget; and <br />3} if service fees, grants, interest or other funding sources M;available the source and <br />amounts of -such finds shall be shown. <br />If the capital improvement budget is .approved, as provided above, each govermnerital unit <br />shall contribute its budgeted share of the cost of construaftS. said. capital improvement <br />projects. <br />4767920 KV V"5-I l 1. <br />