Res 1997-109 - Laserfiche WebLink

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. . t'ð/<- and modifications shall be borne solely by the Party desiring to supply raw water from the other source. Section 14. Management Committee. Both GBRA and the city agree to the creation of a management committee (the "Management Committee") consisting of up. to three representatives from each Party appointed by each party's chief executive officer. The Management Committee shall perform the following functions: '- (a) Oversee the design and construction of the Project; (b) Monitor changes in the construction projects to ensure compatibility with the objectives of this Agreement; (c) Recommend whether a consultant should be hired by the City to provide start-up services for the Plant and, if so, provide recommendations regarding consultant selection; (d) Review Plant Operator proposals and' provide recommendations to the City; . (e) Review annual budgets for the Plant submitted by the Plant Operator and provide recommendations to the City; ( f) Review annual budgets for the Raw Water Delivery System submitted by GBRA; (g) Review Plant and Raw Water Deli very System annual audited financial statements provided by the City and GBRA; and - ! (h) Perform other tasks that GBRA and the City jointly agree would be appropriate. Section 15. Budqets, Audits, and Records. The Plant Operator will provide the Management Committee with the first annual Plant budget four months prior to Plant start-up and subsequent annual budgets by May 1st of each year. The City and GBRA will also submit annual audited financial statements of the Plant and the Raw Water Delivery System to the Ma.nagement Committee by December 1. All books and records pertaining to this Agreement shall be open and available for copying, inspection, and audit by the City and GBRA. Appropriate retention schedules that comply with state laws shall be agreed upon by both Parties. -12-