Costs by Townships Sample Clauses

Costs by Townships. The Participating Townships shall bear all of the costs of acquisition, improvement, and operation of the Xxxx Road parcel as provided in this paragraph. The Participating Townships shall divide the costs based on the proportion of "Participating Township flow" contributed by each township. "Participating Township flow" is the total annual flow into the sanitary sewer system operated by the Board of Public Works for the Participating Townships. An explanation of the method used in calculating these shares is set forth in Exhibit B. For the year ending June 30, 2002 the following proportions shall apply: Township Flow Percent Acme 139,475,440 18.8% East Bay 128,746,560 17.4% Elmwood 77,212,767 10.4% Garfield 396,162,200 53.4% Total 1,548,814,000 100.00% For the period July 1,2001 – June 30, 2002, all expenses falling due during the period, including installments of principal and interest due upon bonds issued to finance the acquisition of the Xxxx Road site, shall be paid by the Participating Townships in accordance with the percentages set forth above. Expenses falling due in subsequent fiscal years shall be paid by the Participating Townships in accordance with the then current percentage of Participating Township flow as determined in accordance with Exhibit X. Xxxxx Township shall participate in the costs of operation and maintenance of Xxxx Road (excluding principal and interest payment on the bond issue) beginning July 1,2007 based upon Xxxxx Township's flows in 2006 – 2007.
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