Laserfiche WebLink
City of Tukwila My WebLink |HelpSearch Tips |About |Sign Out
the Owner City on all of the taxable property within the Owner City and other sources of <br />revenues available therefor. Each Owner City has or will set aside and include in its calculation <br />of outstanding nonvoted general obligation indebtedness an amount equal to the principal <br />component of its Capital Contribution for so long as Bonds remain outstanding, unless relieved <br />of such payment in accordance with Section 4(g). Each Owner City's obligation to pay the <br />Capital Contribution shall not be contingent on the receipt of any revenues from other sources, <br />including but not limited to Subscribing Agencies or any Member Cities. <br />An Owner City may prepay its Capital Contribution in a manner that is consistent <br />with the authorizing documents for the Bonds; provided, however, that any such prepayment of <br />one or more Owner Cities shall not affect the Capital Contribution of the remaining Owner <br />Cities. Any Owner City that elects to prepay its Capital Contribution shall be responsible for <br />paying all costs associated with such prepayment. <br />(2) Costs of Maintenance and Operation. Subject to the terms of the financial <br />policies established by the Administrative Board, each Member City shall be obligated to pay its <br />allocable portion of Costs of Maintenance and Operation of the SCORE Facility, including any <br />debt issued to finance such costs, as determined in this subsection. <br />(i) Until the end of the first calendar year of operations of the SCORE <br />Facility (estimated to be December 31, 2012), the allocable portion that each Member <br />City shall be obligated to pay of Costs of Maintenance and Operation in such year shall <br />be equal to the Member City's 2007 average daily population in all correctional facilities <br />(as provided in the SCORE financial policies) multiplied by the Costs of Maintenance <br />and Operation. <br />(ii) Commencing with the calendar year following the first calendar <br />year of operations, the allocable portion that each Member City shall be obligated to pay <br />of Costs of Maintenance and Operation shall be based on the Member City's average <br />daily population in the SCORE Facility, as supplemented as necessary with the average <br />daily population allocable to the Member Cities in all correctional facilities, for the 12- <br />month period ending June 30 of the preceding year. <br />(iii) Commencing with the third calendar year of operations, the <br />allocable portion that each Member City shall be obligated to pay of Costs of <br />Maintenance and Operation shall be based on the Member City's average daily <br />population in the SCORE Facility for the 12-month period ending June 30 (or other such <br />date as the Administrative Board shall determine as set forth in its financial policies) of <br />the preceding year. <br />(iv) Commencing with the calendar year beginning January 1, 2020, <br />the allocable portion that each Member City shall be obligated to pay of Costs of <br />Maintenance and Operation shall either (A) be based on the Member City's average daily <br />population in the SCORE Facility for the 12-month period ending June 30 (or other such <br />date as the Administrative Board shall determine as set forth in its financial policies) of <br />12 <br />