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M <br />similar to the existing County departments. <br />3. ENTERPRISE FUND. The Department shall be;'operated <br />as a fully self-sustaining enterprise fund of the County. Fees <br />for services rendered in behalf of each governmental agency are to <br />be set periodically by the City and County respectively to insure <br />the payment of all costs associated with the Department$a>�Iopera- <br />tion including reasonable, fully documented general and adminis- <br />trative costs. All funds remaining in the enterprise fund of the <br />City - County Building Department shall be transferred to the <br />County - City Building Department enterprise fund as of September <br />30, 1983. All such funds shall be used for County - City Building <br />Department functions as specified in this agreement. <br />4. FIXED ASSETS. The fixed assets currently assigned <br />to the Department from both the County and City shall be trans- <br />ferred to the County Administration Building to insure continuous <br />operation. Ownership will reside with the City or County as is <br />reflected on the books as of September 30, 1983. Future replace- <br />ment and additions of capital equipment shall be derived from fee <br />revenue from the enterprise fund. A reasonable capital renewal <br />and replacement fund should be a consideration in the overall <br />budget established for the Department. At the end of three (3) <br />years of mutually successful operation, the City will cause an <br />inventory to be made of its property and formal transfer to the <br />Department will be accomplished at no cost to the County. <br />5. OUTSTANDING OBLIGATIONS. The parties agree the <br />enterprise fund established shall assume the outstanding liens, <br />encumbrances, and/or indebtedness of the existing department, if <br />any. The Department, County Administration and/or County <br />Commission shall execute any and all documents necessary for the <br />legal assumption of any outstanding obligations in accordance with <br />County procedures. <br />As of April 1, 1983 no large outstanding debt exists for <br />this Department. Only normal monthly incurred trade credit for <br />vehicle maintenance, routine office supplies and other commodities <br />exists, coupled with normal salary and fringe benefit accruals. <br />Any significant necessary capital expenditures will be coordinated <br />-2- <br />504 ( 3 ?"ALE !309 <br />A <br />