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f. Update the Financial Plan, as necessary from time to time, so as to provide <br />guidance for the generation of revenue sufficient for the Commission to fulfill its <br />functions under the Agreement. Any update of the Financial Plan shall be designed to <br />promote the following objectives: <br /> <br /> 1. Establishing revenue adequacy to provide for long-term health and <br />stability of the regional sewerage facilities through a program of monthly sewer user <br />charges and system development charges that are imposed uniformly throughout the <br />service area to achieve full cost recovery; <br /> <br /> 2. Fully funding the needs for equipment replacement and major <br />rehabilitation to address the long-term preservation of the Regional Sewerage Facilities <br />capital assets; <br /> <br /> 3. Fully funding a program of capital improvements to address capacity, <br />regulatory and efficiency/effectiveness needs; <br /> <br /> 4. Ensuring equity between newly connected and previously connected <br />users for their total contributions toward the Regional Sewerage Facilities; <br /> <br /> 5. Ensuring equity between various classes of users based on the <br />volume, strength and flow rate characteristics of their discharges together with any other <br />relevant factors identified bv the Commission; <br /> <br /> 6. Ensuring efficient and cost-effective financial administration of the <br />Regional Sewerage Facilities; and <br /> <br /> 7. Complying with applicable laws and regulations including those <br />governing the establishment of user charges and the establishment of system <br />development charges pursuant to ORS 223.297 et seq. <br /> <br /> g. Establish billing and collection systems, if necessary, in locations where such <br />systems are not provided by others. <br /> <br /> h. Contract with the Governing Bodies as appropriate for operation and <br />maintenance of the Regional Sewerage Facilities, administrative services for the <br />Commission and for other services as necessary. <br /> <br /> i. Contract for consultant services. <br /> <br /> j. Provide service only to the Governing Bodies. <br /> <br /> k. Comply with state and federal standards. <br /> <br /> I. Adopt minimum uniform standards for pretreatment requirements for industrial <br />and other wastes as necessary. <br /> <br /> m. Adopt minimum standards for construction and maintenance of local sewage <br />collection systems. <br /> <br />V:Environ\MWMC\lGA~Agrement. doc 4 ,2005 <br />(doc. 98535) NOW DOCUMENT 102151 <br /> <br /> <br />