Res 2007-199 - Laserfiche WebLink

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fill such agreements ',vill be subject to approval by the Agency Board. The Parties agree I that the scope of the seniees to be pro':ided under the Staff Services, General Counsel Services and Engineering Services agreements, and the estimated cost for those services, will be detailed in the agreements, and that the estimated cost for the services will generally conform to the table labeled "Budget for Fiscal Year 2007-2008 2006 2007" included on Attachment A to this Amendment figreement. The Parties agree that the Financial Advisor Services and Bond Counsel Services agreements may be general and ongoing in nature; however, the fees for services under those agreements will be payable solely from the proceeds of bond obligations issued by the Agency. 2. The Parties agree to amend Section 1.4 of the Agreement as follows (underlining indicates added text and overstrike indicates deleted text): Section 1.4. Reimbursement from Proceeds of Bond Obligations. The Agency agrees that if it issues bond obligations, the Agency will include in the amounts of such obligations the cost of services incurred by the Agency under this Agreement as requested by each of the Sponsors, and to the extent allowed under applicable law. The Agency agrees that upon the issuance of bond obligations which include the cost of services incurred by the Agency under this Agreement, the Agency will reimburse the [Sponsor] and the other Sponsors for those costs in accordance with proportion to the amounts requested J*lid by each of the Sponsors towards those costs within 30 days of the receipt by the Agency of the proceeds of the issuance. 3. The Parties agree to amend Section 2.1 of the Agreement as follows (underlining I indicates added text and overstrike indicates deleted text): Section 2.1. Contribution Payments. A. The rSponsor 1 agrees to make an initial payment to the Agency in the amount of $ramountl towards the Agency's expenses in its 2007-2008 Fiscal Year. +he [Sponsor] agrees to make payments to the Agency in the amount of the [Sponsor]'s share of the amounts due for services rendered to the .'\gency under Section 1.1 above. The [Sponsor]'s share, based on its identified water sl:tppIy needs in relation to the o'lerall capacity of the Project, will be 39.70%. The calculation of this initial payment the [Sponsor]'s share is shown in the table labeled "Individual Participant Costs for Fiscal Year 2007-2008 2006 2007" included on Attachment A to this Amendment in the column labeled "Oct '07 - Dec '07" Agreement. Except for the initial payment under Subsection B of this Section, the The [Sponsor] agrees to make this initial these payments within 12 ~ days of the date of the eaeh invoice provided by the Agency to the [Sponsor]. B. If the execution of the water supply contract by the Agency and the Sponsors is delayed, the Agency Board may request the rSponsorl to make one or more further payments towards the rSponsorl's respective share of Agency expenses as shown in the table labeled "Individual Participant Costs for Fiscal Year 2007-2008" included on I Attachment A to this Amendment. The rSponsorl agrees to consider making a further payment to the Agency in response to any such request, but each such payment will be 2