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Wf <br />Article VI <br />Capital Projects, <br />Subdivision 1: The Members recognize that on-going capital expenditures will be required to solve <br />some of the water resource problems within the watershed. For the purposes of this. Agreement, <br />capital improvement proJects are those determined necessary to implement the Organization's <br />Capital Improvement Program. <br />Subdivision 2: Capital Projects. will be financed over the entire watershed. <br />Subdivision 3: In order to finance an approved capital improvement project, the Commission may <br />levy an ad valorem tax against the entire watershed. <br />Subdivision 4: Approval of capital improvement projects shall require a majority vote of the <br />quorum present and other such bodies as required by law. Capital improvement projects shall be <br />financed in accordance with Minnesota Statutes, 103B and 103D. <br />Subdivision 5: The Commission shall have the authority to prepare and adopt a Capital <br />Improvement Program as defined in Minnesota Statutes 1038.205 Subdivision 3 as part of the <br />Watershed Management Plan. The Capital Improvement Program shall set forth the schedule of <br />capital projects identified in the Watershed Management Plan as well as designating Members for <br />participation in each project and estimating the total costs for such projects. Projects not identified <br />in the Watershed Management Organization Watershed Management Plan shall not be included in <br />the Capital Improvement Program until and unless the Watershed Management Organization <br />Watershed Management Plan is amended to include such projects. Implementation of the Capital <br />Improvement Prograin will begin upon adoption of the Watershed Management Organization <br />Watershed Management Plan subject to the availability of funding. <br />Subdivision 6: All capital improvement projects need to be listed in the Watershed Management <br />Plan. <br />247575 CL L MD160-1 13 <br />