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acilitate the com letion of the racess Of transferrin Ownershi t0 the - -Deleted: c <br /> Commission of the .Existing Sewerage €acilities as defined in Appendix "A" SectlOn VI. ~ ' Deleted: Compensate the cities for <br /> The transfer of ownershi rocess shall roceed in a time) manner as determined b Deleted: e <br /> the mutual agreement of the Commission and the Cities Of Eugene and Springfield. - <br /> The transfer of ownership process shall include consideration of the following factors: Deleted: s <br /> i Deleted: f <br /> 1. Original source of funds for acquisitions, construction, maintenance Deleted: <br /> equipment replacement, and maior rehabilitation; and <br /> 2. Achieving equity among regional sewer users within the urban growth <br /> I <br /> bOUndarV., , - - f=ormatted <br /> c. Salvage abandoned sewerage_facilities. _ . - Deleted: d <br /> Implement•~he Financial,~lan <br /> a~nd,~ annual budge for the regional sewerage - {Deleted: e <br /> facilitiesY ~ Adopt a schedule ofsewer user charges and rSystem development Deleted: afinancing <br /> charctes for regional sewer services. _ ' • <br /> , s , . ~ Deleted: p <br /> a` Deleted: , <br /> ~ f. U date the Financial Plan as necessa from time to time so as to rovide ` - - <br /> I - ~ Deleted: and annual financial <br /> guidance for the generation of revenue sufficient for the Commisslon to fulfill its general `i,'. statement <br /> and specific functions. Any update of the Financial Plan shall be designed to promote Deleted: ¶ <br /> j the following objectives: ¶ <br /> ~ <br /> i' Deleted:f <br /> 1. Establishing revenue adeauacy to provide for the Iona-term health and Deleted: connection fees <br /> i ~ ~ <br /> stability Of the regional sewerage facilities throw h a program of monthly user charges Deleted: The Commission's <br /> and system development charges that are imposed uniformly throughout the service adopted user charges shall <br /> t separately set forth the amount <br /> area; necessary to recover operation, <br /> ~ maintenance and replacement costs <br /> as required by 40 CFR 35.929 during <br /> 2. Fully funding the needs for equipment replacement and maior the 20 year design life of the regional <br /> rehabilitation to address the long-term preservation of the regional sewerage facilities seweragetacilities. connection fees <br /> <br /> 3 capital assets; are to be established pursuant to <br /> `Appendix "B„ <br /> ' Inserted: <br /> 3. Fully funding a program Of capital improvements t0 address capacity, _ <br /> `Deleted: <br /> regulatory and efficiency/effectiveness needs; <br /> Inserted: <br /> 4. Promoting equity between newly connected and previous(y connected <br /> users for their total contributions toward the regional sewerage facilities; <br /> 5. Promoting equity between various classes of users based on the volume, <br /> strength and flow rate characteristics of their discharges together with any other <br /> relevant factors identified by the Commission; <br /> 6. Ensuring efficient and cost-effective financial administration Of the regional <br /> sewerage facilities: and <br /> 7. Complying with applicable laws and regulations including those governing <br /> the establishment of user charges such as 40 CFR 35.929 and the establishment of <br /> system development charges such as ORS 223.297 et sea. <br /> 3 <br /> (doc.93998) <br /> <br />