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O~/03/2Q05 14:50 FAX 651 735 6746 LAW OFFICES Subdivision 1. The "Organization" means the Watershed Management Organization . established by this Agreement. Subdivision 2. "Board" or "Board of Commissioners" means the governing body of the Organization. Subdivision 3. "Watershed" means the geographical area described and/or illustrated on "Exhibit A" attached and made a part of this Agreement Subdivision 4. "Commissionerll means a roember of the Board ofConnmssioners. Subdivision 5. "Capital Improvement Program" means an itemized program for at least a five-year period and any amendments to it, subject to at least biennial review, setting forth. the schedule, timing and details of specific contemplated capital improvements by year, together with .~; their estimated costs, the need for each improvement, financial sources for the payment of such improvements and the financial effect that the program wi11 have au. the Parties or the Organization. Subdivision 6. "Local Water Management Plan" means a plan adopted by the Town of Denmark, City of Afton~1 City of Cottage Grove :'~ U~'I ursuant to M.S. 103B.235. Subdivision 7. "Watershed Management Plan" means a plan adopted by the organization p\trsuant to M.S. 103B.231. Subdivision 8. "Proportionate Share" means that portion of the total sum required that each Party's tax capacity of real property lying within the Watershed bears to the tax capacity of all real property lying within the Watershed. Part of the proportionate share may include property owned by the State of Minnesota. 3 ~004 " , ". :"""'1 I'r ,":, t,: I', I ," (;t~:r .5 :" \, :.,. ., 'I: ,.. ,';' , '.