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2016 RA .h
<br />PFiaf Amendments
<br />INITIAL DRAFT
<br />4-14-25
<br />Management Plan, or its amendments, may be included in the capital improvement
<br />budget.
<br />Eundin2 in
<br />(b) if ^ ^ pit l . eet is to. Capital Improvements may be funded wholly oF 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 govemmental
<br />unit(s), they will be pr-evided the appeftunity to review end uppy-eve of
<br />disapproveMembers. For jointly funded projects, VLAWMO shall agree in writing with
<br />the Members making
<br />direct contributions toward the Beard's Capital Improvement l3
<br />the seufee and
<br />amounts of seeh funds shall be show funding and=
<br />LtLlf then pit l improvement budget i approved,provided above, aeh g ent.,l \
<br />unit eont.ibute its 1.,,dget^a share, of the. eost ^responsibilities toward �
<br />constructing and maintainingthe he Capital
<br />Improvement.
<br />6.5 Subdivision T,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 Stat tes
<br />GkapteFMinn. Stat., char. 103B,
<br />6.6 SubdiAsion 6. eserve 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 />c. bdi.4sion
<br />.7 � 1 s; rants; 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
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