S Manager - Interlocal Agreement participation in the Triangle Area Water Supply Monitoring Project Phase 6

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TRIANGLE AREA WATER SUPPLY MONITORING PROJECT INTERt.OCAL AGREEMENT The Committee s first meeting shall be convened by September 1, 2007 and chaired by the current Committee Chair representative. During the meeting the Committee will select officers from among its members and may adopt any rules or procedures it deems necessary. The principal charge to the Committee is to oversee the Monitoring Project's timely execution and to ensure the responsible expenditure of public funds. The Committee shall have authority to modify the Monitoring Project's scope of work; to establish an annual budget; to establish annual local costs (subject to the Participants' approval); and to enter into contracts or agreements for carrying out the Monitoring Project, The Committee may not acquire any real property pursuant to this Agreement. The Committee will contract with a Managing Agent. All actions by the Committee or its Agent related to the administration or disbursement of monies shall be in accordance with all applicable State statutes and other rules of fiscal control applicable to local government units. Section 3. Funding ofthe Project Total local costs for the entire Phase VI of the Monitoring Project are $2,134,125, but are subject to change ifthe Monitoring Project is modified by the Committee as specified in Section 2.C. The annual funding support provided by Participants for local fiscal years 2008 through 2012 shall be as shown in Attachment B, or as otherwise necessary to undertake the project as recommended by the Committee, provided, however, the funding level does not exceed t Participants' projected share of annual costs for FY 2048-12. Participants' local annual co be determined on or before March 1 preceding each local fiscal cycle for which funds aze budgeted. Annual local costs will be payable on or before August 31 of the fiscal year fo they are budgeted. Payments will be made to the Managing Agent as herein designated. Section 4. Terms of Agreement he sts will to be r which This agreement shall become effective July 1, 2007, and shall continue until the completion of the Monitoring Project, or until June 30, 2012, whichever is earlier, unless otherwise extended. Participants do hereby enter into this Agreement with the intent of providing funds on an annual basis necessary for completing the Monitoring Project. Participants may withdraw from, or additional units of local government may join, this Agreement, effective July 1 of any year, provided they have given written notice to the Committee by January 1 of that calendar year. In consideration of the signing of this contract, the parties hereto for themselves, their agents, officials, and employees and servants agree not to discriminate in any manner on the basis of race, color, creed, national origin, sex, age, handicap, or sexual orientation with reference to the subject matter of this contract. • Page 3 of 18