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Each Member must pay annual dues to defray part or all of Cascade's administrative <br />costs based on the number of CERUs served by its water system, regardless of water usage or <br />capacity, and regardless of whether those units are served by the Supply System or by <br />Independent Supply. Total administrative dues collected from all Members may not exceed <br />the 9feater of $1,000,000.00 e. C 9% of Cascade's annual revenue requirement less debt <br />ser This limit may be amended in the budget by a 65% Dual Maioritv Vote of the Board. <br />The Board may establish minimum annual dues per Member and may provide that less than <br />all of a Member's CERUs be taken into account in establishing dues. <br />All Cascade books and records shall be open to inspection by the Washington State <br />Auditor. <br />ARTICLE 5. Asset Development and Supply Commitment <br />Section 5.1 Property Acquisition, Ownership and Disposition. Cascade may <br />construct, purchase, rent, lease, manage, contract for, or otherwise acquire and dispose of <br />Water Supply Assets and other assets. Cascade may control and manage both the assets it <br />owns and the assets that are owned by Members that have transferred control and <br />management of those assets to Cascade. This Contract does not vest in Cascade any authority <br />with respect to Members' other facilities or assets, such as Water Supply Assets retained by <br />Members as Independent Supply. <br />Subject to Cascade's agreement, a Member may transfer to Cascade its title to, or <br />operational control and management of Water Supply Assets. Water Supply Assets may also <br />be fully retained Members as Independent Supply, subject to the provisions of Article 6. At <br />the discretion of the Board, Cascade may accept title to, or operational control and <br />Cascade Interlocal Contract 15 <br />Amended and Restated <br />October 26, 2011 <br />