Common use of Initial Membership Fee Clause in Contracts

Initial Membership Fee. To become a Member of the Authority within the Initial Membership Period, each eligible public agency shall pay an Initial Membership Fee as specified below (each such fee, as applicable, the “Initial Membership Fee”). i. Each public agency identified in subsections 1 through 14 in Section 2.01 shall pay an Initial Membership Fee to the Authority of Twenty Four Thousand Five Hundred Dollars ($24,500) as a condition of appointing its Director and Alternate Director ii. Each Regional Cities Group identified in subsections 15 through 18 in Section 2.01 shall pay a single Initial Membership Fee to the Authority of Twenty Four Thousand Five Hundred Dollars ($24,500) for the group as a whole, which will enable each of the cities within the Regional City Group to obtain membership status upon satisfying the other requirements of this Agreement. If an eligible city has paid an Initial Membership Fee of Five Thousand Dollars ($5,000.00) because the required number of cities within its Regional City Group did not become Members within the Initial Membership Period, its payment shall be credited toward the applicable Regional City Group’s Subsequent Membership Fee, as defined in Section 5.01(b). iii. Except as otherwise set forth above, public agencies eligible to become Members, but not specifically identified in subsections 1 through 14 in Section 2.01 shall pay an Initial Membership Fee to the Authority of Five Thousand Dollars ($5,000.00) as a condition of becoming Members.

Initial Membership Fee. To become a Member of the Authority within the Initial Membership Period, each eligible public agency shall pay an Initial Membership Fee as specified below (each such fee, as applicable, the “Initial Membership Fee”). i. Each public agency identified in subsections 1 through 14 in Section 2.01 shall pay an Initial Membership Fee to the Authority of Twenty Four Thousand Five Hundred Dollars ($24,500) as a condition of appointing its Director and Alternate Director ii. Each Regional Cities Group identified in subsections 15 through 18 in Section 2.01 shall pay a single Initial Membership Fee to the Authority of Twenty Four Thousand Five Hundred Dollars ($24,500) 24,500)equal to the annual membership fee for the group as a whole, which will enable each of the cities within the Regional City Group to obtain membership status upon satisfying the other requirements of this Agreement. The Initial Membership Fee will satisfy that Member’s first year of membership dues. If an eligible city has paid an Initial Membership Fee of Five Thousand Dollars ($5,000.00) because the required number of cities within its Regional City Group did not become Members within the Initial Membership Period, its payment shall be credited toward the applicable Regional City Group’s Subsequent Membership Fee, as defined in Section 5.01(b). iii. Except as otherwise set forth above, public agencies eligible to become Members, but not specifically identified in subsections 1 through 14 in Section 2.01 shall pay an Initial Membership Fee to the Authority of Five Thousand Dollars ($5,000.00) 5,000.00)the current annual membership fee as a condition of becoming Members. The Initial Membership Fee will satisfy that Member’s first year of membership dues.