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2016 JPA with <br />Prior Amendments <br />INITIAL DRAFT <br />4-14-25 <br /> <br /> 19 <br />Formatted: Font: 11 pt <br />Formatted: Font: 11 pt <br />Management Plan, or its amendments, may be included in the capital improvement <br />budget. <br /> <br />Funding in the capital improvement budget shall be calculated as follows: <br /> <br />(a) If money raised by the Special tax levies to be used for Capital Projects, the Members <br />shall be provided the opportunity to review and approve the amount of the tax levy that <br />will be used for Capital Projects within sixty (60) days of receipt of the Board’s Capital <br />Improvement Budget; <br /> <br />(b) If a capital project is to. Capital Improvements may be funded wholly or in part by a <br />combination of funds budgeted by VLAWMO as part of its annual budget, grants <br />received by VLAWMO, and expenditures made directly by one or more governmental <br />unit(s), they will be provided the opportunity to review and approve or <br />disapproveMembers. For jointly funded projects, VLAWMO shall agree in writing with <br />the capital improvement budget within sixty (60) days of receipt of Members making <br />direct contributions toward the Board's Capital Improvement Budget; and <br /> <br />3)(a)If service fees, grants, interest or other funding sources are available the source and <br />amounts of such funds shall be shownfunding and. <br /> <br />(b) If the capital improvement budget is approved, as provided above, each governmental <br />unit shall contribute its budgeted share of the cost ofresponsibilities toward <br />constructing said capital improvement projectsand maintaining the Capital <br />Improvement. <br /> <br />6.5 Subdivision 5. Governmental Unit Financing. Members may establish a watershed <br />management tax district in the Area for the purpose of paying costs of the engineering and <br />planning required to develop a watershed management plan for the Area. After the plan is <br />adopted and approved, a tax district may be established for the purpose of paying capital <br />costs of projects described in the plan (including normal and routine maintenance of <br />projects). If required, the tax district shall be established by ordinance adopted after a <br />hearing by a local government unit, following provisions of Minnesota Statutes, <br />ChapterMinn. Stat., chap. 103B. <br /> <br />6.6 Subdivision 6. Reserve Funds. The Board may accumulate reserve funds for the purposes <br />herein mentioned and may invest funds of the Board not currently needed for its operations <br />in the manner and subject to the laws of Minnesota applicable to statutory cities. Any and <br />all reserve funds must be clearly indicated on the annual financial audit provided to the <br />Members. <br /> <br />6.7 Subdivision 7. Gifts; Grants; Loans. VLAWMO may, within the scope of this <br />Agreement, accept gifts, apply for and use grants or loans of money or other property from <br />the United States, the State of Minnesota, a unit of government or other governmental unit <br />or organization or any person or entity for the purposes described herein; may enter into <br />Formatted: Underline <br />Formatted: List Paragraph, Indent: Left: 0.38", Hanging: <br />0.31", Numbered + Level: 1 + Numbering Style: a, b, c, … + <br />Start at: 1 + Alignment: Left + Aligned at: 0.13" + Tab <br />after: 0.38" + Indent at: 0.38", Tab stops: 0.75", List tab + <br /> 1.06", Left + 1.13", List tab + Not at 0.38" <br />Formatted: Bullets and Numbering <br />Formatted: List Paragraph, Indent: Left: 0" <br />Formatted: List Paragraph, Indent: Left: 0.38", Hanging: <br />0.31", Numbered + Level: 1 + Numbering Style: a, b, c, … + <br />Start at: 1 + Alignment: Left + Aligned at: 0.25" + Tab <br />after: 0.51" + Indent at: 0.51", Tab stops: 0.75", List tab + <br />Not at 0.51" <br />Formatted: List Paragraph, Indent: Left: 0", Hanging: <br />0.38", Outline numbered + Level: 2 + Numbering Style: 1, 2, <br />3, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + <br />Indent at: 0.5" <br />Formatted: Font: Not Bold, Underline <br />Formatted: Font: Bold, English (United States) <br />Formatted: List Paragraph, Indent: Left: 0.38" <br />Formatted: List Paragraph, Indent: Left: 0", Hanging: <br />0.38", Outline numbered + Level: 2 + Numbering Style: 1, 2, <br />3, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + <br />Indent at: 0.5" <br />Formatted: Font: Not Bold, Underline <br />Formatted: Font: Bold <br />Formatted: List Paragraph <br />Formatted: List Paragraph, Indent: Left: 0", Hanging: <br />0.38", Outline numbered + Level: 2 + Numbering Style: 1, 2, <br />3, … + Start at: 1 + Alignment: Left + Aligned at: 0.25" + <br />Indent at: 0.5" <br />Formatted: Font: Not Bold, Underline