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U~/UJ/~UU~ 14:a~ tA!. tlal IJa tl14t1 LAW Ur'r'll,,;.t:::~ ItJ014 S tlbd~ y i.sioll 5. ClA.uttal LI,Drov(,~n"Jtts Proi \Xt5. ..m";""'afj"J' . ""!>G'.~" .~m~ !, , ,.'t \I. n...... . " .t....');.t . "~r.,.t\., 1~, . . , ',1' t~:"4,~ ~~. .~r.~J;~)~:'\ 'P~:~~.: ...c. t' ......... .t. .~. ..'J:.. . ""p',,;;g1~ml.~iifIP~I!! ft~ __ 1"_ _" w,::".!1PJPJD - '''')''''~.mi;''''''' :::'14:. ~r.. '. . F8;!E~' . .0 .,.,~ ~t~~~n'~:~.v:..~~~.., . t~., ~ ,oj. ~ !fi~ On or before July 1st of each year, the Commission shall prepare a capital improvements program for the purpose of funding improvements within the watershed. ',."" pmFSge~~~~~~'lt1. ..J;..qJ",,, '~;'" .~t... e capital improvements program shall be submitted to the Parties for comment. CapitaJ improvements may be funded by a responsible party or responsible Parties as it or they may choose. In the absence of a contrary agreement, capital improvements shall be funded pursuaut to Minnesota Statutes ~ 103B.251 by a county ad valorem tax levied within the Watershed. The Organization shall apportion the costs of the capita] improvements on the following basis: 1. A negotiated amount to be arrived at by the members who have lands in the subdistrict. It is anticipated that most capital improvements will be made under this provision; or 2. (a) Fifty percent of all capita] costs or the financing thereof shaU be apportioned to each member on the basis of the net tax. capacity of each member within. the boundaries ofthe watershed each year to the total net tax capacity in the Lower St. Croix Valley Watershed area governed by this agreement. (b) Fifty percent of all capital costs or the financing thereof shall be apportioned to 13