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<br /> <br /> <br /> <br /> <br /> <br /> <br /> reserve funds shall be held in the name of the Authority for the benefit of the members <br /> <br /> of the Authority in accordance with the terms of this Agreement. Fire stations that are <br /> owned by Cities shall be leased to the Authority for one dollar ($1.00) per annum. <br /> <br /> <br /> B. Capital Improvements. Capital improvements to cash contract city- <br /> <br /> owned stations or facilities, within their jurisdictions, shall be the responsibility of each <br /> member. Such capital improvements may be required by the Authority upon a <br /> determination by the Authority, after good faith consultation with a member agency, that <br /> <br /> such improvements are needed to protect the health, safety or welfare of Authority <br /> employees or to maintain the station in a state of operational readiness. Capital <br /> <br /> improvements to stations owned by the Authority shall be the responsibility of the <br /> Authority. For cash contract Cities, the construction of new stations or facilities, within <br /> and primarily benefiting their jurisdictions, shall be the responsibility of each city. Such <br /> <br /> construction shall meet reasonable standards and specifications prescribed by the Fire <br /> Chief. <br /> <br /> <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 /> <br /> maintenance and repairs not included in the original cost calculation methodology. The <br /> Authority shall carry forward unspent amounts to the next fiscal year. At the beginning <br /> <br /> of each fiscal year, said cities shall pay the Authority an amount sufficient to bring its <br /> balance back to $15,000 for each such station. <br /> <br /> <br /> D. Equipment and Vehicle Replacement/Depreciation Programs. <br /> <br /> Cash contract Cities shall participate in funding the Authority's equipment and vehicle <br /> <br /> replacement/depreciation programs. Such programs shall be administered fairly and <br /> <br /> equitably by the Authority and in accordance with Generally Accepted Accounting <br /> Principles. <br /> <br /> <br /> <br /> <br /> 4509-08 26 <br /> 110179 v3 <br /> 9/27/99 <br /> 60C-33 <br />