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Interlocal Agreement: St. Joseph County PSAP Consolidation <br />(b) Parties agree that for the first five years of this Agreement, the process to <br />establish assessments shall be in accordance with the formulas herein. <br />(c) Within 90 days following the fourth anniversary of this Agreement the <br />Executive Board of the Consortium shall determine if the process for establishing assessments <br />shall be reviewed or extended for a term to be decided by the Executive Board of the <br />Consortium. An assessment review process shall be repeated every five years during the term of <br />this agreement. <br />(d) If the process for establishing assessments is modified, the modification <br />cannot result in an increase to the total assessment of any Party greater than twenty percent <br />(20.00 %) of what the assessment would have been if the process was not modified. <br />(e) The Parties agree that, pursuant to IND. CODE § 36- 1- 7- 16(b), the <br />Assessments imposed under this Agreement provide for equitable taxation and that there shall be <br />no decreases by the Department of Local Government Finance to any Party's maximum <br />permissible property tax levies, maximum permissible property tax rates, or budgets. <br />(f) Prior to the fourth anniversary of this Agreement, and upon the <br />recommendation of the Executive Board, the Parties agree to conduct a feasibility study <br />examining the ability to form a special taxing district with the ability to fund the purposes of this <br />Agreement. <br />Section 5.02 Assessments, Operating. Operating Assessments shall provide <br />funding for the Consortium's day -to -day operating and maintenance obligations as follows: <br />(a) Operating Assessments for the first year shall be established in accordance <br />with Exhibit D attached hereto and made a part of this Agreement. <br />(b) Operating Assessments for each subsequent year shall be calculated and <br />adopted by the Executive Board of the Consortium following the schedule established for <br />adoption of its annual operating budget. <br />(c) The formula provided for in Exhibit D shall be used for establishing each <br />Operating Assessment. Revenues used in the calculation shall reflect the most recent twelve <br />months of revenues deposited in both the St. Joseph County 911 Fund and the St. Joseph County <br />Dispatch Center Operating Fund, at the time the Operating Assessment is calculated, unless the <br />Executive Director of the Consortium advises and the Executive Board of the Consortium <br />accepts an alternative number. <br />(d) The allocation factors calculated on Exhibit E shall be updated annually <br />using the most recent data available. The Executive Director of the Consortium shall provide the <br />Executive Board of the Consortium a monthly report on call volumes in a format that illustrates <br />trends in call volume and provides notice of potential shifts in allocation percentages in <br />Operating Assessments among the Parties. <br />Page 3 <br />