Item B - MWMC Agreement - Laserfiche WebLink

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Commission of the Existinq Sewera e Facilities as defined in A endix "A" Section VI. The transfer of ownershil~process shall ]proceed in a timely_ manner as determined ~ the mutual agreement of the Commission and the Cities of Eugene and S r~iLqgfield. The transfer of ownership~orocess shall include consideration of the following factors: 1. Original source of funds for ac ~struction maintenance e~lujpment re lacement and ma'or rehabilitation~ and 2. Achievin e uit amen re ional sewer users within the Urban Growth Boundar~ dc. Salvage abandoned sewerage facilities. ed._ Implement a ~;"'o"'";""-',,, ,,.., ,..,, ,~ plan,the Financial Plan and annual budget ,..,o""~,,~ ,..,o"'"',,, ,.~,.., ,o~ financial statement for the reqional sewerage facilities. to the Governinq bodies a schedule of sewer user charges and ~stem development ~es for regional sewer services. The Commission's recommendation shall ~ set forth: 1. The amount that is necessar to meet Bond covenants to ether with a~A additional amount that is necessary_to maintain adequate bond ratingA and reasonable access to the capital markets; and 2. Such additional amounts that the Commission determines is ad~zgpriate to ade~fund the actions necessary~cd;)erform the Commission's functions under this Aqreement. rovide guidance for the generation of revenue sufficient for the Commission to fulfill its functions under the Aqreement. Any~pdate of the Financial Plan shall be desiqned to promote the followincj~bjb'ectives: 1. Establishing revenue ade uacqAaAv~to rovide for long-term health and stabilitA of the regional seweraqe facilities throu h ag~Ap!~ram of monthly sewer user charges and ~stem development charqes that are imposed uniforml ty~b~0~ghout the service areal 2. Fully funding the needs for e uq~pment replacement and ma'olor rehabilitation to address the Ion~reservation of the Reqional Sewerage Facilities ~ital assetsL 3. Fully fundin a.~j~/cgram of ca~rovements to address ca acpc~ity~ and efficiency/effectiveness needs; V: Environ\MWMC\lGA~Agrement. doc 4 April d, oo~~ 2005 (doc._8306098535)