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