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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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City Clerk
Agency
Clerk of the Council
Date
2/21/2012
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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 />be added to the Service Charge in the subsequent years." <br />4. Article 1V, Section 4.D. shall be added to read as follows: <br />"D. Notwithstanding the foregoing, 50 percent of any unencumbered <br />funds, as determined by the annual audited financial statements, shall be allocated to <br />the Structural Fire Fund Entitlement Fund at every ten year interval beginning with fiscal <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 />Those monies shall be distributed in a manner consistent with the methodologies, <br />criteria and purposes described in this Section 4.A, through 4.C. above. In the event of <br />a finding of fiscal hardship, the 50 percent allocation shall be made during the <br />subsequent fiscal year unless another finding of fiscal hardship is determined as <br />described above." <br />5. Article Vl, Section 1. C. is amended to read as fol lows: <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 />maintenance and repairs. The Authority shall carry forward unspent amounts to the <br />next fiscal year. At the beginning of the fiscal year, said cities shall pay the Authority an <br />ssassa 1 <br />6 <br />60C -50 <br />
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