Agmt12 South Bayside System Authority Supplemental Agreement VI JPA

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and transfers of funds, except expenditures under contract of$50,000 or less and demands for payment of$50,000 or less, excluding expenditures under contract for personal services included in the budget for the then current fiscal year, which shall require Commission approval for expenditures of more than $75,000; to employ the Manager, the engineers and , except to the extent otherwise provided in Subdivision {b) of Section 3.5, all other consultants to the Authority; to sell or dispose of any property of the Authority {except personal property of a value of less than $25,000); to grant any right, license, or permit to any person other than another Agency to use any property af the Authority; to grant any right, license, or permit to any Agency to use any property of the Authority otherwise than for the purpose for which it was designed; or to approve or execute a grant agreement between the Authority as grantee and the State or the United States of America. All of the votes of all Agencies that are at the time parties to this Agreement shall be required to terminate this Agreement. The affirmative votes of inembers holding a majority of the votes shall be required for any other action of the Commission." 4. Section 5.6 of the Agreement is hereby amended to read as follows: "Section 5.6. Financina and Construction of the Project. (a) Financin9 and Construction of Stage 1. Each of the Agencies accepted the recommendations of the Project Report to proceed with the construction of Stage 1 of the Project ("Stage 1 of the Project" as used in this Subdivision {a) of §5.6 means only those facilities listed in Subdivision A of Exhibit A hereofl. The Authority has constructed all components of Stage 1 of the Project, including those components that are used by less than all of the Agencies. Each Agency took the necessary steps to obtain funds to bear its share of the Capital Costs and costs of Special Services of Stage 1 of the Project, all determined as provided in Subdivision (a) of Section 5.9. (b) Financinq and Construction of Stage 2. Financing of Stage 2 of the Project shall be provided by wastewater system connection fees collected from new users of the wastewater treatment capacity to be constructed and established by Stage 2 of the Project or any increment thereof. The first increment of Stage 2 of the Project has been financed from reserve capital funds of the Authority, subject to reimbursement by each of the Agencies from receipts of wastewater 7 SBSA JPASuppVl_052212