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<br />oa/03/2~05 14:51 FAX 651 735 6746 <br /> <br />LAW OFFICES <br /> <br />[lIOll <br /> <br />annual operating budget and the City of Cottage Grove will pay 12 percent of the annual <br /> <br />operating budget. In the event that the parties cannot come to aD agreement, the armual <br /> <br /> <br />contribution by each member shaH be based fifty percent (50%) on the net tax capacity of aJl <br /> <br /> <br />property within the watershed and fifty percent (50%) on the basis of total area of each member <br /> <br /> <br />within the boundaries of the watershed each year to the total area in the Lower St. Valley <br /> <br /> <br />Watershed Management Organization governed by this Agreement. In 110 event shall any <br /> <br /> <br />assessment require a contribution for general fund purposes to exceed one-half of one percent of <br /> <br /> <br />the net tax capacity of]allds within the watershed. <br /> <br /> <br />Subdivision 4. Board Authoritv. The board shall have: <br /> <br />a. <br /> <br /> <br />watershed . <br /> <br /> <br /> <br />IOJD.911 to Adopt a. bud~'t &1<1 dCGid", AU. tll(, 1ut41 CLUluuut nlJG.~~.uJ to bl;;; l~.scd to opClatG the <br /> <br />'^' cllGI Ma1.AgGtn",lit OJ.~.'UJ.d..rt~on, <br /> <br />b. the .mth~)Iit) of a. wa.teJ.~hed dil:lh~",t \'uld"'l M.S. 1 OJD.?l 5 to ecrtif) <br /> <br />i~ b1:ld~Gt with the. ~u.diwr ()f W...J1illgton CO......lt), t:l.pOll f'l1~~.:\g", of <br /> <br /> <br />~fJcd,tllcE;~!IAtion; <br /> <br /> <br />'-. th.::. .11:lthority of a. wa.te!5hM J.;,~h~",t W:l~r M.S. 1 OJD.90 1 tv LIe <br /> <br /> <br />.!pf'Iv w cd ~5e!!al'n.t sl..!ct~.nCLl~ with W MihingtoA Co'tmty; <br /> <br /> <br />d. the .1l1thorit.1 of a. mtcrshcd <h$b:~a tl.d&~ M.S. lOJD to regulate; <br /> <br /> <br />d('wG.lvptllcat A:lld age of lands thio1:lt;h th~ ~'hOm:ttl~~tion and <br /> <br /> <br />aJopt;OI { uf roles. <br /> <br />10 <br />