Laserfiche WebLink
<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 />C. Participation In Maintenance and Replacement Proqrams. In <br /> <br />addition to the cost calculation methodology set forth in 8. 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 replacemenUdepreciation program as set <br /> <br />forth in Article VI., Section 1. D., and (iii) the cost of participation in the Authority's <br /> <br />equipment replacemenUdepreciation program as set forth in Article VI., Section 1. D. <br /> <br />D. Responsibility For Capital Improvements. In addition to the cost <br /> <br />calculated in 8. 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. 8. A capital <br /> <br />improvement shall be any improvement or repair in excess of $15,000. <br /> <br />E. Cap on Annual Adiustments. Except for the costs set forth in H. <br /> <br />below and in Article VI., Section 1. 8., 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 />4509-08 <br />110179 v3 <br />9/27/99 <br /> <br />18 <br />