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07-1845 Authorizing Execution of Amendment VII to Interlocal Agreement with Orlando
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07-1845 Authorizing Execution of Amendment VII to Interlocal Agreement with Orlando
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City Clerk
City Clerk - Doc Type
Resolutions
City Clerk - Date
11/26/2007
Doc Number
07-1845
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automobile allowance, (m) motor transport hire, (n) rents and <br />leases, (o) electric, gas, water and sanitation charges, (p) <br />subscriptions and memberships, (q) repairs and maintenance, (r) <br />judgments and settlements, (s) advertising and legal notices, (t) <br />professional services, (u) cleaning and janitorial supplies, (v) <br />electrical, hardware, plumbing and agricultural supplies, (w) <br />medical supplies, (x) chemicals, (y) fuel for heating, (z) gasoline, <br />lubricants and grease, (aa) tires and parts for equipment, (bb) <br />uniforms and clothing, (cc) tools and (dd) other materials and <br />supplies. These operation and maintenance expenditures will be <br />maintained in a separate cost center limited to those utilized <br />directly in the operation, management and maintenance of the Iron <br />Bridge Facility and appurtenant facilities. <br />3. Anticipated Operation & Maintenance Expenditures — <br />Operation & Maintenance Expenditures that are forecast by <br />Orlando for a twelve (12) month period for which rates are to be <br />set and shall be based on Orlando's fiscal year. <br />4. Certain Capital Outlays — The funds that are anticipated to be <br />needed for the improvement, extension or acquisition of <br />equipment, facilities and other capital assets necessary to maintain <br />the design capacity and performances, or to facilitate operation of, <br />or to convert or modify the treatment process of the Iron Bridge <br />Facility. For purposes of clarification and mutual understanding, <br />these funds may also be used for the renewal and replacement of <br />equipment and components used in connection with the Iron <br />Bridge Facility to the extent that there are insufficient funds <br />available for Renewal and Replacement Outlays as set forth in <br />subsection 5 below. The total amount of such funds to be included <br />in Fee Component 1 shall not, without the prior consent of all of <br />the Participating Agencies, in any year exceed seven and one half <br />percent (7.5%) of the operations and maintenance budget for the <br />Iron Bridge Facility in such year. The aggregate amount of <br />unexpended funds collected for the purposes and by the means <br />herein stated shall be retained by Orlando in a capital accumulation <br />account ("Capital Accumulation Account") for use in succeeding <br />fiscal years; provided, however, that the amount retained in the <br />Capital Accumulation Account shall not at any time exceed Five <br />Million Dollars ($5,000,000) without the prior consent of all of the <br />Participating Agencies. Any interest accrued on such account shall <br />be retained as part of the account balance. The maximum amount <br />permitted to be retained in the Capital Accumulation Account shall <br />be adjusted annually during the term of this Amendment and any <br />renewals or extensions by the Engineering News Record (ENR) <br />Construction Cost Index published in April each year. <br />5. Renewal and Replacement Outlays — Funds that reasonably are <br />required for renewal and replacement of equipment and <br />7 <br />
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