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FULL PACKET_2012-02-21
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FULL PACKET_2012-02-21
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City Clerk
Agency
Clerk of the Council
Date
2/21/2012
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shall provide written notice of its intention to expel such member if payment is not <br />received within thirty (30) days of the date of such notice. Repeated failure to make <br />payments when due shall constitute grounds for expulsion and /or imposition of an <br />Authority- determined late fee. Alternatively, or in addition to the remedies set forth <br />herein, the Authority may bring legal action to collect unpaid amounts. <br />4. E uit . Annually after the conclusion of each fiscal year and consideration <br />of the audited financial statements for that year, and after consideration of the <br />Authority's financial needs, the Board of Directors in its sole discretion shall determine <br />whether sufficient unencumbered funds from that fiscal year are available for additional <br />services or resources to Structural Fire Fund members. In the event the Board <br />determines that (1) such funds are available, (2) a distribution is warranted, and (3) that <br />it is appropriate to do so, it shall allocate those funds, or any portion thereof, to a <br />restricted Structural Fire Fund Entitlement fund, as follows: <br />A. The Authority shall use the general methodology employed in <br />Model 2A of the 1999 Final Report by the Davis Group regarding <br />"Equity Issues Related to the Financing of OCFA Services" to <br />determine the relative status of Structural Fire Fund members as <br />follows: A base period comparison for each member of cost to <br />serve, on the one hand, and Structural Fire Fund contributions and <br />cash contract charges, on the other, will be established, taking into <br />account, the three -year average of consumption, population and <br />4509 -08 22 <br />110179 v3 <br />9/27/99 <br />60C -29 <br />
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