Laserfiche WebLink
<br />14 <br />calculation above. <br />8. The COUNTY shall invoice each CITY for its annual share of each <br />approved budget by November 30 of each budget year. Each CITY shall pay <br />their deposit(s) within 45 calendar days of the billing date or within <br />45 calendar days of November 30, whichever is later. Each CITY’S <br />deposit(s) shall be based on their prorated share(s) of the approved <br />budget(s), reduced for any carry forward amount identified in the prior <br />budget year-end accounting. <br />9. The COUNTY shall hold each CITY’s annual share of each approved budget <br />in interest-bearing accounts and credit interest earned on each CITY’s <br />annual share against each CITY’s share of the approved budget costs. <br />The COUNTY shall maintain records regarding interest earned and credited <br />on each CITY’s annual share and provide the same to the CITIES within <br />120 calendar days of the end of the budget year. <br />10. Upon termination of this AGREEMENT, a final accounting shall be <br />performed by the COUNTY and presented to the PERMITTEES for review. If <br />the sum of the deposits exceeds the costs, the COUNTY shall reimburse <br />to each CITY its prorated share of the excess, within 120 calendar days <br />of the final accounting. <br />VI. LIFE OF THE AGREEMENT <br /> <br />The term of this AGREEMENT shall be indefinite, unless amended or <br />terminated in accordance with this AGREEMENT. <br />VII. ADDITIONAL PARTIES <br /> <br />Any CITY which becomes incorporated after the effective date of this <br />AGREEMENT, or requests to become a party to this AGREEMENT after <br />previously withdrawing pursuant to Section VIII, shall be eligible to <br />become a party to this AGREEMENT, subject to Majority Approval. In <br />approving adding additional cities to this AGREEMENT, the PERMITTEES may