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<br />13 <br />CR225-476-758705.v8 <br />another Governmental Unit that cannot be fulfilled by the remaining Fencing held by the <br />Fencing Consortium. <br /> <br />ARTICLE VI <br />MEMBERSHIP COSTS AND ASSESSMENTS <br /> <br />6.1. Original Member Costs. Each Original Member shall be responsible for paying a share <br />of the Fencing costs based on the length of fence indicated in its Fencing Preplan as a <br />percentage of the total amount of initial Fencing to be leased by the Board. The Board <br />shall determine the amount each Original Member is required to pay and provide each an <br />invoice together with a sheet showing the division of costs. Invoice shall be paid within <br />45 days of receipt. <br /> <br />6.2. Additional Member Costs. Each Additional Member shall be required to pay their <br />share of the Fencing costs calculated as if they were an Original Member. Each <br />Additional Member shall also be required to pay a Surcharge in the amount determined <br />by the Board. The Surcharge is to pay the Additional Member’s portion of the Member <br />Assessment, any buy-in costs to cover a share of the Fencing and related costs, and to <br />partially reimburse the costs paid by the existing Members. The Board shall apply the <br />buy-in amounts collected to reduce the future charges to the existing Members. <br /> <br />6.3. Member Assessments. In addition to the initial Fencing costs each Member is required <br />to pay, Members shall also be assessed for the on-going costs to operate and maintain the <br />Fencing Consortium. These operational costs will be divided based on the Fencing costs <br />formula and paid by each Member as a Member Assessment. The formula shall take into <br />account the total length of Fencing held by the Fencing Consortium and then divided by <br />the length of each Member’s Fencing needs as indicated in the Fencing Preplan. The <br />Board shall, as part of the annual budget, determine the total amount of the Member <br />Assessments and the specific amount to be assessed each Member to pay the anticipated <br />Fencing Consortium costs in the upcoming year. <br /> <br />6.4. Payment of Member Assessments. The Fencing Consortium shall invoice Members for <br />their Member Assessment amount for the upcoming year. Invoices are to be sent no later <br />than January 15th in the year for which the assessment is being imposed. Members shall <br />pay their invoices in full within 45 days from the date of the invoice. <br /> <br />6.5. Default. Any Member who breaches or otherwise fails to comply with the terms and <br />conditions of this Agreement including, but not limited to, failure to pay its Member <br />Assessment in full by the due date, shall be considered in default of this Agreement. Any <br />dispute regarding whether a Member is in default shall be determined by a vote of the <br />Board. A Member shall not be considered in default until it has been notified in writing <br />by the Board of the condition placing it in default. The notice of default shall indicate the <br />Member is not in good standing and may be expelled if the default is not cured within 90 <br />days. If a Member fails to fully cure a default within 90 days of the notice of default, the <br />Board may issue a written notice of expulsion from the Fencing Consortium. Upon such <br />notice, the Governmental Unit is no longer a Member of the Fencing Consortium as if the <br />88