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Page 6—Apportionment and Payment of Costs, Section E& F Suggested to add a <br /> paragraph about revenue sh ari n and surplus} as determined by the Board and apportioned <br /> equally amongst the member towns, Section DReferencing the annual budget,Mr. Jack stated <br /> that it had been a complicated process, adding that once the facility closed, the budget was <br /> replaced with a revenue and expense column, There was consensus to identify capital expenses <br /> in order to apportion revenues and make changes to the paragraph about the budget. The Chair <br /> will have Town Counsel draft wording. <br /> Pae Use of Site—Remove references to JBCC. Mr. Jack will double chec1c on <br /> cove-rage for Protection Against Liability. <br /> Page 8—Casualty and Eminent Domain—Mr,r{ Ba.rarett suggested the statement was, <br /> ambiguous, noting that there were four members, with a majority vote ruled and inquired why a <br /> vote would be taken if any funds received should be distributed equally. Mr. Tilton suggested it <br /> provided flexibility for any unforeseen situation. Mr. Jack stated that all decisions were a <br /> majonty vete, adding that he did not seethe statement as a redistribution of funds. It was <br /> suggested that it would be"shared amongst the towns equally." Annual Reports—Remove, <br /> emove, <br /> financial statement would be used in its place. <br /> Page Effective.Date—A three year term, to 2021,to coordinate with avossa's option <br /> for an extension. Termination------There was discussion about terminating a town from revenue, <br /> but requiring a ment of capital. The statement was considered punitive. Term ination—Further <br /> discussion of Section 3 was needed with town Counsel. Mr. Jack pointed out that the facility <br /> was an expense rather than revenue. <br /> Pae t o ....-Terminati on Section 1 A, Mr. Barrett inquired about the secret drawing to <br /> decide an award to a member Town's right of refusal and suggested in its place a bidding <br /> process. Mr. Cavossa asked that his company be included due to their investment in the site. <br /> The Chair will have Town Counsel review the entire paragraph. Mr. Jack indicated that the <br /> provision sion would allow government to government transfers, but not private corporations. <br /> new draft would be provided for the next meeting. <br /> Discuss/Es ablish operating and Capital Budgets for UCRTS <br /> Operating expenses erati n would include insurance for the property and 11 -. Jack confirmed that the <br /> electric hill was received from JBCC on a quarterly basis. Mr. Cavossa indicated that he had <br /> been trying to track down an electric bill after he had been in contact with someone at the site. <br /> Mr. Jack stated that the cl ectri c bill was past of the Federal procurement process. Mr, Segura <br /> responded that there was a main base meter and sub meters. Mir. Jack indicated that he would <br /> arrange to have the bill forwarded to Cavossa and believed that annual costs were $5,000-$7,000, <br /> W. Cavossa stated that he would pay directly. Mr. Segura stated that Keith Coolsey dealt with <br /> the electricity on site and Monica.De nan was responsible for the billing. fir. Segura will follow <br /> up with Ms. De nan for more information, The Chair confirmed that avossa Corporation <br /> would be paying for all necessary utilities such as water and electric. Revenue had been <br /> approximately $200,000. It was suggested to maintain a minimum capital reserve of 100 000- <br /> $150 000 which could last several years, apportioning distributions from Cavossa equally <br /> amongst the towns. There was discussion whether $150,,000 would be sufficient for demolition <br /> if the facility was being closed. I\Ir. Ca.vossa stated that the Weston& Sampson report indicated <br /> 2 <br />