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<br /> <br /> <br /> <br /> <br /> <br /> <br /> one half percent (7.5%) shall be excluded from the Service Charge only in the first year <br /> in which such payment is owed. The calculated Five-Year Shortfall amount paid shall <br /> <br /> be added to the Service Charge in the subsequent years." <br /> <br /> <br /> <br /> 4. Article 1V, Section 4.D. shall be added to read as follows: <br /> <br /> <br /> <br /> "D. Notwithstanding the foregoing, 50 percent of any unencumbered <br /> <br /> funds, as determined by the annual audited financial statements, shall be allocated to <br /> <br /> the Structural Fire Fund Entitlement Fund at every ten year interval beginning with fiscal <br /> <br /> year 2010/2011, unless it is determined by unanimous vote of the Directors <br /> representing structural fire fund members that a fiscal hardship would thereby result. <br /> <br /> Those monies shall be distributed in a manner consistent with the methodologies, <br /> <br /> criteria and purposes described in this Section 4.A, through 4.C. above. In the event of <br /> <br /> a finding of fiscal hardship, the 50 percent allocation shall be made during the <br /> <br /> subsequent fiscal year unless another finding of fiscal hardship is determined as <br /> <br /> described above." <br /> <br /> <br /> <br /> 5. Article Vl, Section 1. C. is amended to read as follows: <br /> <br /> <br /> <br /> "C. Maintenance and Repairs. Each cash contract City shall make an <br /> initial payment to the Authority of $15,000 for each fire station within its jurisdiction for <br /> <br /> maintenance and repairs. The Authority shall carry forward unspent amounts to the <br /> <br /> next fiscal year. At the beginning of the fiscal year, said cities shall pay the Authority an <br /> <br /> <br /> <br /> 6 <br /> 5545841 <br /> 60C-50 <br />