2012-436 DEAPR - Interlocal Agreement for Phase VII of the Triangle Area Water Supply Monitoring Project

Browse Search

TRIANGLE AREA WATER SUPPLY MONITORING PROJECT INTERLOCAL AGREEMENT The Committee's first meeting shall be convened by September 1, 2012 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. Proposed Committee bylaws are provided in Attachment D. 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; and to establish annual local costs (subject to the Participants' approval). The Committee may not acquire any real property pursuant to this Agreement. The agreement with the Managing Agent attached hereto as Attachment E is hereby approved, and the Committee Chair is authorized to enter into said agreement on behalf of the Committee and the Participants. All actions by the Committee or the Managing 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 of the Project Participants do hereby enter into this Agreement with the intent of providing funds on an annual basis necessary for completing the Monitoring Project. Total Local Costs for the entire Phase VII of the Monitoring Project will not exceed $1,550,000. The annual funding support provided by Participants for local fiscal years 2013 through 2017 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 the Participants' projected share of annual costs for FY 2013-17. If the Committee proposes to modify the Monitoring Project such that Total Local Costs exceed$1,550,000,this Agreement must be amended in writing and signed by all parties. If the parties do not so amend this Agreement,the Monitoring Project may not be modified to increase Total Local Costs. Participants' local annual costs will be determined on or before March 1 preceding each local fiscal cycle for which funds are to be budgeted. Annual local costs will be payable on or before August 31 of the fiscal year for which they are budgeted. Payments will be made to the Managing Agent as herein designated. Failure to pay by August 31"will result in accrual of interest beginning September 1 at a rate of 3/4 of one percent per month(9%annual). Section 4. Terms of Agreement A. This agreement shall become effective July 1, 2012, and shall continue until the completion of the Monitoring Project, or until June 30, 2017, whichever is earlier,unless otherwise extended. Page 3 of 22