Common use of ANNEXATION AND WITHDRAWAL Clause in Contracts

ANNEXATION AND WITHDRAWAL. 10.1 Addition of City, Town, or County by Election or Annexation a. The territory of any unit of election that is not part of the Authority may be added as a beneficiary of the Trust and receive transportation services provided by the regional district of the Authority on a date determined by the board if: i. any part of the unit of election is located adjacent to a city, town, or county that is part of the regional district; ii. the unit of election does not divide an election precinct; iii. prior to the effective date of the admission of the territory into the regional district of the Authority, the board states, by resolution, the Authority's intention to provide transportation services in the territory of the unit of election; iv. the governing body of the unit of election calls an election under this section on whether the territory of the unit of election should be added to the Authority; and v. a majority of the votes cast in the election favor the proposition. b. The governing body of the unit of election shall certify to the board the result of an election in which the addition is approved. c. No later than 120 days after the date of the election approving the addition of the unit of election to the regional district of the Authority, the board of the Authority and the governing body of the unit of election shall enter into an interlocal agreement that: i. establishes an effective date for the annexation of the territory of the unit, which date will be concurrent with the implementation of the sales tax in the added territory by the Commission; and ii. evidences the unit’s agreement to accept a financial obligation in an amount equal to: a. the unit's apportioned share of the Authority's outstanding obligations; and b. the amount, not computed in Section 10.1(C)(ii)(a), that is necessary and appropriate to allocate to the unit because of financial obligations of the Authority that specifically relate to the unit. iii. The unit’s apportioned share of the Authority’s outstanding obligations is the amount of the obligation times a fraction, the numerator of which is the combined population and sales tax of the annexing unit of election and the denominator of which is the combined population and sales tax in the regional district of the Authority, including the annexing unit. iv. The board shall determine the amount of each component of the computations required under this section, including the components of the unit's apportioned share, as of the effective date of annexation. The population shall be determined according to the most recent and available applicable data of an agency of the United States. The sales tax shall be determined by the Commission. d. When a city, town, or county that is part of the Authority annexes territory that, before the annexation is not part of the Authority, the annexed territory becomes part of the Authority.

ANNEXATION AND WITHDRAWAL. 10.1 Addition of City, Town, or County by Election or Annexation a. The territory of any unit of election that is not part of the Authority may be added as a beneficiary of the Trust and receive transportation services provided by the regional district of the Authority on a date determined by the board if: i. any part of the unit of election is located adjacent to a city, town, or county that is part of the regional district; ii. the unit of election does not divide an election precinct; iii. prior to the effective date of the admission of the territory into the regional district of the Authority, the board states, by resolution, the Authority's intention to provide transportation services in the territory of the unit of election; iv. the governing body of the unit of election calls an election under this section on whether the territory of the unit of election should be added to the Authority; and v. a majority of the votes cast in the election favor the proposition. b. The governing body of the unit of election shall certify to the board the result of an election in which the addition is approved. c. No later than 120 days At any time after the date of the election approving the addition of the unit of election to the regional district of the Authority, the board of the Authority and the governing body of the unit of election shall enter into an interlocal agreement that: i. establishes an effective date for the annexation of the territory of the unit, which date will be concurrent with the implementation of the sales tax in the added territory by the Commission; and ii. evidences the unit’s agreement to accept a financial obligation in an amount equal to: a. the unit's apportioned share of the Authority's outstanding obligations; and b. the amount, not computed in Section 10.1(C)(ii)(a), that is necessary and appropriate to allocate to the unit because of financial obligations of the Authority that specifically relate to the unit. iii. The unit’s apportioned share of the Authority’s outstanding obligations is the amount of the obligation times a fraction, the numerator of which is the combined population and sales tax of the annexing unit of election and the denominator of which is the combined population and sales tax in the regional district of the Authority, including the annexing unit. iv. The board shall determine the amount of each component of the computations required under this section, including the components of the unit's apportioned share, as of the effective date of annexation. The population shall be determined according to the most recent and available applicable data of an agency of the United States. The sales tax shall be determined by the Commission. d. When a city, town, or county that is part of the Authority annexes territory that, before the annexation is not part of the Authority, the annexed territory becomes part of the Authority.

ANNEXATION AND WITHDRAWAL. 10.1 Addition of City, Town, or County by Election or Annexation a. Annexation The territory of any unit of election that is not part of the Authority may be added as a beneficiary of the Trust and receive transportation services provided by the regional district of the Authority on a date determined by the board if: i. : any part of the unit of election is located adjacent to a city, town, or county that is part of the regional district; ii. ; the unit of election does not divide an election precinct; iii. ; prior to the effective date of the admission of the territory into the regional district of the Authority, the board states, by resolution, the Authority's intention to provide transportation services in the territory of the unit of election; iv. ; the governing body of the unit of election calls an election under this section on whether the territory of the unit of election should be added to the Authority; and v. and a majority of the votes cast in the election favor the proposition. b. . The governing body of the unit of election shall certify to the board the result of an election in which the addition is approved. c. . No later than 120 days At any time after the date of the election approving the addition of the unit of election to the regional district of the Authority, the board of the Authority and the governing body of the unit of election shall enter into an interlocal agreement that: i. : establishes an effective date for the annexation of the territory of the unit, which date will be concurrent with the implementation of the sales tax in the added territory by the Commission; and ii. and evidences the unit’s agreement to accept a financial obligation in an amount equal to: a. : the unit's apportioned share of the Authority's outstanding obligations; and b. and the amount, not computed in Section 10.1(C)(ii)(a), that is necessary and appropriate to allocate to the unit because of financial obligations of the Authority that specifically relate to the unit. iii. The unit’s apportioned share of the Authority’s outstanding obligations is the amount of the obligation times a fraction, the numerator of which is the combined population and sales tax of the annexing unit of election and the denominator of which is the combined population and sales tax in the regional district of the Authority, including the annexing unit. iv. The board shall determine the amount of each component of the computations required under this section, including the components of the unit's apportioned share, as of the effective date of annexation. The population shall be determined according to the most recent and available applicable data of an agency of the United States. The sales tax shall be determined by the Commission. d. . When a city, town, or county that is part of the Authority annexes territory that, before the annexation is not part of the Authority, the annexed territory becomes part of the Authority.. Added Territory: Effective Date of Taxes A sales tax imposed by the Authority takes effect in the territory added to the Authority by election or by annexation on the first day of the first calendar quarter following voter approval that begins after the date the Commission receives: