Res14 15325 - Laserfiche WebLink

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connection fees as aforesaid. Subsequent increments have been or shall be constructed in sequence; provided, however, that no such increment shall be constructed unless and until sufficient funds therefor have been received by the Authority. Reimbursement for the costs of construction of the first increment and advance payments for such costs for each subsequent increment shall be made by each of the Agencies in their respective allocated shares corresponding to their respective maximum treatment capacity rights determined as provided in Subdivisions (b) of Sections 5.9 and 7.2. Funds remaining after completion of construction of the final increment of Stage 2 of the Project shall be returned to the Agencies in proportion to their respective contributions. The Commission shall determine the connection fee to be charged by the Agencies for financing the construction of Stage 2 of the Project based upon a cost-pricing method under which the users of the treatment capacity constructed and established by Stage 2 of the Project shall be assessed the cost of construction thereof. The fee as established by the Commission shall be based upon the estimated total cost of construction (including provision for cash flow requirements and fees and costs of related necessary services) of the entire Stage 2 of the Project, notwithstanding that said Stage 2 shall be constructed in increments. Said fee shall be expressed in dollars per gallon per day volume of wastewater treatment capacity. The Authority shall notify each Agency of the amount of said fee, and each such agency shall, and does hereby agree to, implement and charge such fee in its wastewater connection fee system such that that portion of the wastewater connection fee (howsoever designated by the Agencies, respectively) charged, assessed or otherwise collected by said Agencies which provide for the cost of construction of Stage 2 of the Project shall be uniform amongst all of said Agencies. Not less than annually the Commission shall review said fee and make such adjustments thereto as are necessary or appropriate to reflect current and projected estimates of the cost of construction of Stage 2 of the Project. Thereupon, the Authority shall advise each Agency of the adjusted fee, and each such Agency shall, and does hereby agree to, implement and charge such adjusted fee in its wastewater connection fee system as aforesaid. The Agencies 5 SBSA_J PASuppVl_052212r_120412rtorsig]