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08/27/96 TUE 14:02 FAX 6129407800 DORSEY WHITNEY <br /> 3rd DRAFT PER DISCUSSION 7/10/96 8 <br /> W <br /> co fission projects and work within the watershed; copies of said report shall be transmitted to <br /> the clerk of each member geueRme <br /> subA Mai:on 4: Member contn'budons to the operating budget will be determined on a percentage <br /> basis of the geographic areach member's subwatershed. ryt, <br /> A <br /> subdivision 5: The operating budget will furnish monies to cover the cost of administrative <br /> expenses of the . <br /> Capital Budget <br /> subdivision 1: The Rem Commissioners of the 'Fliver Wet <br /> Organization recognize that on-going capital expenditures will be required to solve <br /> some of the water resou ce lems within the watershed. For the purposes of this Agreement <br /> capa �rojects include p ysioal improvements that are not directed towards r ' e maintenan � <br /> ou ne cel U <br /> _..� A <br /> of hi plaee systems. . These projects may include those planning and <br /> Sengineering studies necessary for the implementation of said projects; new capital infrastructure ' <br /> projects; educational programs: preventive projects required to preclude new water resource <br /> problems from developing; corrective projects.which would require a much larger capital <br /> expenditure if correction is delayed; and required regular capital maintenance projects for <br /> outdated systems. Water quality, water quantity and natural resources capital projects are eligible <br /> projects under this subdivision, <br /> m, <br /> subdivision 2: Cap' projects will be financed on a subwatershed basis. Subwatersheds are <br /> A ^ <br /> drawn on the basis of jurisdictional boundaries contained within the Watershed. There are seven <br /> subwatersheds: <br /> ^ <br /> Minneapolis <br /> Saint Paul . <br /> • Z&6*Anthony <br /> Lauderdale <br /> Falcon Heights <br /> • University of Minnesota . <br /> Minneapolis Park and Recreation Board <br /> • 11 <br />