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jurisdiction of part or all of a Member; or (c) a Member assumes jurisdiction of part or all of a <br />Non Member, the jurisdictions' water supply rights from and obligations to Cascade must be <br />transferred or assumed under applicable law and consistent with the requirements of this <br />Contract and the obligations of Cascade. <br />ARTICLE 6. New Independent Supply <br />Members may not bring new Water Supply Assets on -line as Independent Supply <br />without Board approval. That approval may be granted or denied following an evaluation <br />process, based on whether the Board determines that development of the proposed <br />Independent Supply will benefit or be adverse to the interests of the Members as a whole. <br />Recognizing that in certain circumstances the acquisition of additional Independent Supply <br />might benefit (or cause no material harm to) the Members, new supplies under one (1) MGD <br />may be approved by the Board regardless of the provisions of the Water Supply Plan and <br />without a formal evaluation process. New supplies in amounts greater than one (1) MGD <br />must be described in and be consistent with the Water Supply Plan. <br />Members that have invested in the development of new Independent Supply assets <br />may offer to sell their interest in such assets to Cascade. Cascade may, in its sole discretion <br />and subject to mutually agreeable terms and conditions, purchase the Member's interest in <br />such Independent Supply asset by reimbursing or otherwise compensating the Member for its <br />investment in the project to the extent that investment has been capitalized. Once Cascade <br />has purchased a Member's interest in a project, the project will be considered a Water Supply <br />Asset of Cascade and be incorporated into the Water Supply Plan. <br />ARTICLE 7. Asset Management <br />Cascade Interlocal Contract -27- <br />Amended and Restated <br />October 26, 2011 <br />