1988-001SWDD - Laserfiche WebLink

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as the same shall become delinquent to the full extent permitted or authorized by law, and will maintain accurate records with respect thereto. All such special assessments, fees and other charges shall, as collected, be held in trust to be applied as herein provided and not otherwise. L. REMEDIES. Any Registered Owner may by suit, action, mandamus or other proceedings in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appointment of a receiver, existing under the laws of the State of Florida, and may enforce and compel the performance of all duties required hereunder or by any applicable statutes to be performed by the District or by any officer thereof. Nothing herein, however, shall be construed to grant to any Registered Owner any lien on any property of, or in, the District. M. OPERATING BUDGET. The District shall annually prepare and adopt a detailed final budget for the operation of the System for each Fiscal Year. If the budget discloses that the estimated Gross Revenues will be insufficient during such Fiscal Year to meet the rate covenant set forth herein, the District shall forthwith revise its special assessments, fees and other charges in order to cure such estimated deficiency and to comply with the rate covenant. There shall be included in the budget amounts necessary for deposit in the Renewal and Replacement Fund but not less than the amount necessary to provide for the orderly replacement of the depreciable capital assets of the System in accordance with the depreciation schedules with respect thereto. No expenditure for the operation and maintenance of the System shall be made in any Fiscal Year in excess of the amounts provided therefor in the budget for such Fiscal Year without a written recommendation to the Board which recommendation shall state in detail the purpose of and necessity for such increased expenditure and no such increased expenditure shall be made until the Board shall have approved such expenditure by resolution duly adopted. No such increased expenditures in excess of ten percent (10%) of the amount provided therefor in the budget for such Fiscal Year shall in any event be made except upon the certification by the Consulting Engineers that such increased expenditures are necessary •for the operation of the System. N. CONSULTING ENGINEERS. The District will annually retain the Consulting Engineers for the purpose of providing the District with competent engineering counsel with respect to the economical and efficient operation of the System and in connection with the making of capital improvements to and renewals and replacements of the System. The District may, however, employ additional engineers at any time with relation to specific engineering and operation problems arising in connection with the System. 20