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

Browse Search

Memorandum of Agreement Triangle Water Supply Partnership August 7, 2018 Page 2 of 35 WHEREAS, the benefits of such planning and collaborative efforts include: • Improved cooperation between local water utilities and ease of regulatory oversight; • Reduced unit costs for projects through economies of scale; • Increased flexibility and reliability of local water supplies, especially during droughts and other dynamic events; • Enhanced ability to comply with federal and state drinking water standards; • Sustainable use of regional drinking water resources; and WHEREAS, the parties to this Agreement will maintain local ownership and control of their water resources, but are committing in this document to collaborate about water supply planning, cooperation, sustainability, and helping each other through drought or other emergency events and moving toward a more sustainable future; and WHEREAS, this Agreement is authorized by North Carolina General Statute (NCGS) 143-355.8 and/or 160A-20.1. THEREFORE, BE IT RESOLVED, that the signatories to this Agreement (“Participants” or “Parties”) pledge to work together as part of a Triangle Water Supply Partnership (“Partnership”), as a regional water supply planning organization as authorized by NCGS 143-355.8; and, BE IT FURTHER RESOLVED, that the individual units named as Participants will collaborate through the Partnership for regional water supply planning, to plan, maintain, implement and otherwise cooperate in providing long-term, sustainable, safe and secure regional water supplies for the Triangle Region; and, BE IT FURTHER RESOLVED, that the Partnership will be guided by the principles of collaboration, sustainable water supply, environmental stewardship, mutual and collective benefit, shared responsibility, equal representation, and financial stability, but such collaboration is not intended and shall not be deemed to constitute a “partnership” as defined in NCGS Chapter 59. NOW, THEREFORE, for and in consideration of the recitals and the mutual promises and covenants contained in this Agreement, the parties agree as follows: 1) Purpose; Recitals: The purpose of this Agreement is to collaborate in various activities related to a regional partnership for water supply. The Recitals are true and are incorporated into this Agreement and further explain the Purpose. 2) Definitions: In addition to the following defined terms, additional terms are defined elsewhere in this Agreement. a) Annual Budget – means the Annual Budget adopted with the 5-Year Project and Funding Plan. 6