O-2000-2383 - Laserfiche WebLink

Browse Search

e . LaPorte Area Water Authority." The estimated Plant production will also be provided, along with r\ ~ :; the breakdown of the production per Participant. The estimated Annual Budget and the estimated . ... Plant production will be used to calculate the annual estimated cost per thousand gallons for the ensuing fiscal year. The final Annual Budget will be submitted to the Participants when the Managing Participant's City Council approves its yearly budget. 3.5 Operating Advisoxy Committee 3.5.1 To facilitate the review and approval rights set out in this Agreement, the Managing Participant will provide for the Operating Advisory Committee to include all Participants. The Operating Advisory Committee shall be composed of Participant Directors or their designees, including the Managing Participant. The chair of the Operating Advisory Committee shall be elected each Fiscal Year by the weighted majority of the Participants. "Weighting" shall be based on total investment of each Participant, including Production Allocation, Pumping Allocation and Distribution Allocation. (Reference Exhibit "F" for anticipated investments for each Participant after completion of the Modification Project.) 3.5.2 The Operating Advisory Committee shall have access at all reasonable times to the books, records and accounts pertaining to the Plant. The Managing Participant agrees to solicit the advice and counsel of the members of the Operating Advisory Committee with regard to the operation, maintenance and expansion of the Plant and each member shall be given full opportunity from time to time to express his or her views regarding such matters. A:\EWBI097S.RVI L.D. File No. 80-99146-01 February 9. 2000 17