1987-11-09 Regular Meeting - Laserfiche WebLink

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e e r::; - contrary, the City shall make payment of all rates and charges payable hereunder to the Authority without regard to whether the Authority has completed the acquisition, construction, improvement, enlargement, ex- tension, or repair of its share of the Southeast Plant, or of the Transmission System or the Distribution System, without regard to whether the Southeast Plant, the Transmission System, or the Distribution System is operating, or is operable, or its output is suspended, inter- rupted, reduced or curtailed or has been terminated or abandoned, ~entirely or in part, and without regard to any other condition or cause. Section 6.05 On or before May 1 of each year, the City (and each of the other Participants) shall submit its best estimate of the volume of Water it will purchase from the Authority during the Fiscal Year commencing on the following October 1. On or before June 1 of each year, the Authori ty shall then prepare and submit to the Ci ty (and each of the other Participants) the Authority's best estimate of the costs and expenses which will be incurred by the City to purchase Water from the Authority, including all rates and charges specified above, during the Fiscal Year commencing on such October 1. The total of all such estimated costs and expenses, after deducting any surplus funds which may be on hand or after add ing such amount as may be deemed reasonable to restore during the year an~ deficiency of funds on hand, shall then be divided by the estimated total volume of Water which will be delivered to all of the Participants during said year. The quotient (expressed in dollars per thousand gallons, the "Budgeted Unit Expense") shall be used, subject to the remaining provisions of this Article VI, for billing purposes during said Fiscal Year. Section 6.06 In the event the Authority experiences any material -22-