09/06/2006 Council Packet - Laserfiche WebLink

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• • • 1 DRAFT of 6/14/06 Subdivision 9. Contracts. The VLAWMO Board may make such contracts and enter into such agreements as necessary to fulfill its obligations under this Agreement. Any such contract or agreement shall be in accordance with the Uniform Municipal Contracting Law, M. S. 471.345 and the Joint Exercise of Power, M.S. 471.59. Subdivision 10. Annual Administrative /Operating Funds. On or before June 15th, of each year, the VLAWMO Board shall prepare a proposed annual operating budget for the following year. These funds shall be for the purpose of providing funds to operate the Organization's business for the next year. The proposed operating budget and the sources for these funds shall be recommend for approval to the governmental units that make up the VLAWMO JPA. Each VLAWMO JPA member unit shall review the operating budget for the following year and shall either approve the proposed operating budget or a budget as amended by the VLAWMO JPA member units within sixty (60) days of receipt of the Boards recommendation. No response from a JPA member, within this time period, is an indication that it approves the proposed budget. F,>.mds for the annual operating budget are to be raised by one or all of the following: 1) An authorized Special Tax Levy per State Statues for an amount approved by the JPA members and/or 2) Money from a VLAWMO operated Storm Water Utility approved by the JPA members and/or 3) Annual support from each governmental unit in this agreement. The annual - contribution of each governmental unit shall be based on formulas agree to by the JPA members. The formulas to be used are: A) Forty percent (40 %) of the assessed valuation of all real property of each governmental unit within the boundaries of the VLAWMO Watershed Management Organization B) Forty percent (40 %) on the basis of the total area of the property within each governmental unit within the boundaries of the VLAWMO Watershed Management Organization C) Twenty percent (20 %) on the basis of population of each governmental unit within the boundaries of the VLAWMO Watershed Management Organization and/or;, 4) Service fees, grants, interest or other funding sources as available. After final approval of the proposed operating budget by the VLAWMO JPA governmental units, the Secretary shall certify and prepare a statement showing the approved operations budget and the assessed amount to be paid by each governmental unit in the JPA on or before August 1st of each year. Version: 6 -14 -06 7 I Deleted: June 1 Deleted: Such f Formatted: Indent: Left: 0.5" J Formatted: Bullets and Numbering ( Formatted: Indent: Left: 0.5" ( Deleted: . (Formatted: Bullets and Numbering Deleted: The budget shall be submitted to the govemmental units that make up this JPA for comment by August 1. The budget shall be adopted by the Organization upon approval by four or more of Commissioners of Board. ¶ ¶ Deleted: 5