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Agmt75 South Bayside System Aut - Silicon Valley Clean Water
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Agmt75 South Bayside System Aut - Silicon Valley Clean Water
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Last modified
6/12/2014 4:18:50 PM
Creation date
3/25/2004 12:12:50 PM
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Template:
Agreement
Contractor Name
South Bayside System Authority
PROJECT NAME
joint exercise of powers agreement
RMP File Number
304 bin 12
Date
11/13/1975
Reso Ref
14870
Amendment
Yes
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, �S:djg-c 2/21/84 . <br /> . - :;3:djg-c 3/05/$4R <br /> ' - DES:djg-c 3/12/84R <br /> � the Commission sha1.I review said fee and make such adjustments <br /> thereto as are necessary or appropriate to reflect current and <br /> projc:cted estimates of the cost of constructinn of Stage 2 of the <br /> Project. Thereupon, the Authority shall advise each Agency af the <br /> adjusted fee, and each such Agency sha].1, and does herehy agree <br /> ta, implement and charge such adjusted fee in its wastewater <br /> connection fee system as aforesaid. The P_gencies sha�l commence <br /> proceedings to implemen,t the initial fee ar any adjustments <br /> thereto within three (3f months of notice thereof from the <br /> Authority. Nothing herein contained shall preclude any Agency <br /> from charginq its users a. composite cannection fee which includes . <br /> as ane element the uniform amount established by �he Authority <br /> ic�r construction of Stage 2 of the Projecf. hereunder. <br /> � "N:onies collected by the Agencies as connection fees <br /> for construction af Stage 2 of the Prc�ject shall be paid <br /> over to the Autharity periodically, but not Iess than <br /> quarterly. Said manies shall be applied first to reimbursement af <br /> the Authority for the costs of cor�struction o� Substage 1 until <br /> the Authority shall have beer� full.y pa.id thersfar. Thereafter, <br /> said monies sha.11 be deposited �.n the Gonstruction Fund of the <br /> Autharity and held in trust far construction of Substage 2 and <br /> each Substage next in sequence to be constructed. When sufficient <br /> funds, based upon then current estimated constructian costs made <br /> or obtained by the Authorzty far construct5.on of said Substage 2 <br /> or the Substage next in sequence to be constructed, have been <br /> � received, the Authority shall proceed with such construction. <br /> 11 <br />
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