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B. The parties agree to review the Rate at ten (10) years froix�. the effective date of this <br />agreement. This review shall include a cost of service study, which shall review the <br />rate of return on Board assets and other economic factors. <br />SECTION 6.02 Master Meter Installation <br />In order to measure water usage the Board shall install a master meter or meters at its <br />own expense at a location mutually agreeable to both parties. Monthly billings to Roseville shall <br />be based on the readings of the Board's meter(s}. The Board shall make records of its master <br />meter maintenance available to Roseville upon request. The Board's master meter(s} shall be <br />tested annually by the Board and those test results provided to Roseville. The Board shall <br />provide Roseville with advance notice of the master meter testing date in order to afford a <br />Roseville representativethe �����i7��nis1� to attend the test. It shall be the duty of either party to <br />notify the other party in the event that the master meter(s) is registering incorrectly or <br />malfunctioning so that the meter(s} can be promptly repaired. In the event a rneter(s) is <br />discovered malfunctioning, the amount of water that has passed through the meter will be <br />estimated for each day the meter has not functioned correctly. <br />SECTION 6.03 Meter Readin� and Billin� <br />Monthly master meter readings shall be made by the Board on the last working day of <br />each month. Billings by the Board shall be mailed to Roseville on or before the 1 D� day of the <br />following month (the Billing Date) and payment on such bills sha11 be made by Roseville to the <br />Board within 20 days from the Billing Date. Balances that remain unpaid after thi�-�y (30) days <br />shall be subject to a 1% per month late charge; this charge will be added to the next monthly <br />billing. <br />� <br />