Agenda - 11-13-2018 6-c - Triangle Water Supply Partnership Memorandum of Agreement

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Memorandum of Agreement Triangle Water Supply Partnership August 7, 2018 Page 10 of 35 vi) Providing periodic reports and status updates to Participants. b) Projects: i) Small Projects: An amount will be budgeted annually to be used for any Small Projects that may come up during the year; this may include individual technical projects that support the mission of the Partnership, outreach, regulatory or legislative assessments, or data summaries, for example. ii) Large Projects: Once approved and created as a Large Project by the Partnership, all anticipated costs for a Large Project shall be included and accounted for in the 5-Year Project and Funding Plan (Exhibit 1) as an individual line item. iii) Special Projects: The Participants may seek additional opportunities to cooperate on mutually beneficial planning and capital projects related to water supply resources in the Triangle Region. Participation in a Special Project is at the discretion of each Participant. Such projects are created and defined as described in paragraph 12 below. Once created, Special Projects are included as individual line items in the 5-Year Project and Funding Plan (Exhibit 1). 12) Project and Budget Determination: a) Project Development: Votes to create any Project will include approval of a Project Lead Agency, Project Scope, Project Schedule, Project Budget, list of Participants (for Special Projects), and any other information needed to define the Project. i) If any single Project under consideration would be anticipated to increase any Member’s Annual Dues in a single year by an amount equal or greater than the Member’s projected Annual Dues in any year of the current 5-Year Project and Funding Plan, then upon request of that Member, the Project will be considered a Special Project and as such must be created per Paragraph 12 (a) (iii) below. ii) Small Projects and Large Projects will be created and approved, and can be modified, upon Simple Majority Vote. Participants’ Cost Shares will be as defined or amended per Paragraph 14 for Annual Dues. iii) Each Special Project will be created and approved by affirmative vote of all Participants who choose to participate in that Special Project. Participants’ Cost Shares will be as defined and approved by the Participants in the Special Project. Modification of a Special Project scope or budget also requires affirmative vote of all Participants in that Special Project. Other Special Project decisions may be made by Special Project Consensus vote. b) Project Recommendations: Project recommendations may be submitted by individual Participants or solicited from interested third parties. Third parties may also present Project recommendations to the Partnership for consideration. 14