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FULL PACKET_2012-02-21
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FULL PACKET_2012-02-21
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7/22/2016 3:43:24 PM
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2/27/2012 1:04:26 PM
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City Clerk
Agency
Clerk of the Council
Date
2/21/2012
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foregoing, the cost calculation methodology shall include the cost of any proportional <br />share of any long term debt repayment obligations. <br />C. Participation In Maintenance and Replacement Programs. In <br />addition to the cost calculation methodology set forth in B. above, and subject to the cap <br />set forth in E. below, cash contract Cities shall pay (i) the cost of participation in the <br />Authority's facilities maintenance program as set forth in Article VI., Section 1. C., (ii) the <br />cost of participation in the Authority's vehicle replacement/depreciation program as set <br />forth in Article VI., Section 1. D., and (iii) the cost of participation in the Authority's <br />equipment replacement/depreciation program as set forth in Article VI., Section 1. D. <br />D. Responsibility For Capital Improvements. In addition to the cost <br />calculated in B. and C. above, and irrespective of the cap in E. below, cash contract <br />Cities shall be responsible for making Authority- required capital improvements to City - <br />owned stations or facilities, as set forth in Article VI., Section 1. B. A capital <br />improvement shall be any improvement or repair in excess of $15,000. <br />E. Cap on Annual Adiustments. Except for the costs set forth in H. <br />below and in Article VI., Section 1. B., no annual cost adjustment shall exceed three and <br />a half percent (3.5 %) in fiscal years 2000 -2001 through 2004 -2005, and four percent <br />(4 %) for the next five fiscal years, of the total charges for the preceding year. The <br />determination of each city's annual adjustments shall be made as follows: <br />4509 -08 1 8 <br />110179 v3 <br />9/27/99 <br />60C -25 <br />
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