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  2. Board Of Aldermen - Agenda - 4/27/2021 - P102

Board Of Aldermen - Agenda - 4/27/2021 - P102

By dnadmin on Mon, 11/07/2022 - 07:03
Document Date
Fri, 04/23/2021 - 15:22
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 04/27/2021 - 00:00
Page Number
102
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__042720…

SECTION 3. Additional Members. Any eligible entity may become a Member of the
Agreement pursuant to the same terms for Membership in the Corporation as reflected in the By-

Laws.

SECTION 4. Voluntary Withdrawal of Member. Voluntary withdrawal of a Member from the
Agreement shall be pursuant to the same terms for voluntary withdrawal of membership in the

Corporation as reflected in the By-Laws.

SECTION 5. Involuntary Termination of Member. Involuntary Termination of Member from
the Agreement shall be pursuant to the same terms for involuntary termination of membership in

the Corporation as reflected in the By-Laws.

SECTION 6. Continuing Obligations. Any withdrawn or terminated Member shall continue to
be liable for its obligations under any Project Contract and Cost Sharing Agreement(s) for the
remaining term of any such Contract or Agreement, and for any claims, demands, damages or
liabilities arising from the Member’s participation in the Corporation through the date of its
withdrawal or involuntary termination. The Member’s equity or deficit position while a participant
in any Project Contract will continue to be reflected in the records and reports of the Corporation.
The Corporation may withhold funds otherwise owing to the Member or may require the Member
to deposit sufficient funds with the Corporation, as reasonably determined by the Board, to cover
the Member’s liability for the costs described herein. Any amount of the Member’s funds held on
deposit with the Corporation above that required to pay any liability or obligation shall be returned
to the Member.

ARTICLE V
COST SHARING PRINCIPLES

SECTION 1. Fiscal Year. The fiscal year shail be the calendar year, subject to the Board’s
discretion to amend the Fiscal Year. Before changing the Fiscal Year, the Board shall confer with
the Treasurer and may confer with the auditor.

SECTION 2. Budget. The budget will be established pursuant to the terms reflected in the By-
Laws.

SECTION 3. Cost Sharing Agreements. An agreement shall be entered into between the
Corporation and each respective Member, uniform in all material respects, except with regard to
the scope of Member services and Project Contracts that each Member selects to participate in and
pay for, to ensure that the costs, expenses, debts, and liabilities (“costs”) directly or indirectly
incurred by the Corporation on such Member’s behalf are recovered through said Member’s CPA
revenues, or from revenues from grants or other third-party sources. Such costs shal! be classified
as:

(a) CPA Member Services Costs: costs incurred to provide the Complete Service Bundle, or such
services that CPCNH offers, shall be recovered directly from Member(s) for the period they
contract to receive such service(s). The Complete Service Bundle will include those services
CPAs will require to undertake and provide Electric Aggregation Plans and Programs, such as:
power supply procurement and management, data and billing, and customer service;

(b) General and Administrative Costs: costs described in Article V, Section 4 are incurred for
the common objectives of all Members of the Corporation, and are not incurred specifically in

-4.

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Board Of Aldermen - Agenda - 4/27/2021 - P102

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