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HomeMy WebLinkAboutWholesale Water Supply w SkokieEXECUTION COPY AN AGREEMENT BY AND BETWEEN THE CITY OF EVANSTON u THE VILLAGE OF SKOKIE RELATING TO WATER SUPPLY AND SERVICE EFFECTIVE MARCH 1, 1997 EXECUTION COPY AN AGREEMENT BY AND BETWEEN THE CITY OF EVANSTON AND THE VILLAGE OF SKOKIE RELATING TO WATER SUPPLY AND SERVICE TABLE OF CONTENTS SECTION 1. WATER SUPPLY AND SERVICE .................................... 2 A. Full Water Requirements .......................................... 2 B. Service Defined.................................................3 C. Operation and Maintenance of the Evanston/Skokie System ............... 3 D. Reliability; Curtailments ........................................... 4 E. Quality........................................................4 F. Limitation on New Customers ......... . ............................. 4 G. Emergency Connections...........................................5 H. Supply and Service Agreement Only ................................. 5 SECTION 2. METERS AND MEASUREMENTS ................................... 5 A. Unit of Measurement ............................................. 5 B. Delivery Meters.................................................5 C. Check Meters . .................................................. 6 D. Meter Error and Correction ........... . . . . . . . R E. Notification Concerning Meter Tests .................................. 7 SECTION 3. BILLING AND RATES ............................................ 8 A. Billing.........................................................8 B. Rates.........................................................8 C. Base Rate.....................................................9 1. Initial Base Rate ........................................... 9 2. Adjustment of Base Rate in Subsequent Service Years ............. 9 D. Regulatory Adjustment Rate ....................................... 10 1: Definitions...............................................10 2. Calculation of Regulatory Adjustment Rate ..................... 12 E. Procedure for Certification of Qualified Capital Equipment and Facilities and Net Operating Costs ......................................... 13 F. Termination of Regulatory Adjustment Rate ........................... 13 EXECUTION COPY G. Agreements Concerning New Reservoir .............................. 14 1. Adequacy of Present Treated Lake Michigan Water Storage Capacity................................................14 2. Cooperation Concerning Potential Requirement for New Reservoir .... 14 SECTION 4. EFFECTIVE DATE AND TERM OF AGREEMENT ...................... 15 SECTION 5. GENERAL PROVISIONS .......................................... 15 A. Entire Agreement ............................................... 15 B. Amendments and Modifications .................................... 15 C. Interpretation.................................................. 15 D. Non -Waiver .............................................. ...1.6 E. No Third Party Beneficiaries ....................................... 16 F. Regulatory Bodies..............................................16 G. Assignment...................................................16 H. Notices.......................................................16 I. Enforcement; Arbitration .......................................... 17 1. Remedies...............................................17 2. Arbitration ............................................... 17 J. Authority to Execute ............................................. 18 EXECUTION COPY AN AGREEMENT BY AND BETWEEN THE CITY OF EVANSTON AND THE VILLAGE OF SKOKIE RELATING TO WATER SUPPLY AND SERVICE THIS AGREEMENT, made and entered into as of the 1st day of March, 1997, by and between the CITY OF EVANSTON, Cook County, Illinois, a home rule municipal corporation ("Evanston") and the VILLAGE OF SKOKIE, Cook County, Illinois, a home rule municipal corporation ("Skokie"), WITNESSETH: WHEREAS, Skokie owns and operates a water distribution system that provides potable Lake Michigan Water to the retail water customers of such system (the "Skokie System"); and WHEREAS, Evanston is the owner and operator of a water intake, filtration, treatment, and pumping plant on the shore of Lake Michigan (the "Evanston Plant") taking water from Lake Michigan; and WHEREAS, Evanston owns and operates a water distribution system within the corporate limits of Evanston that provides potable Lake Michigan Water to the retail water customers of such system and also transports water to the Skokie System at points of delivery located at or near the common boundary between Evanston and Skokie (the "Evanston System"); and WHEREAS, Evanston also supplies water to the Northwest Water Commission, an Illinois Water Commission, pursuant to an existing written agreement that defines the rights and obligations of Evanston with respect to such service; and WHEREAS, Skokie has been purchasing from Evanston all of the potable Lake Michigan Water required by the customers of the Skokie System since June 5, 1944; and WHEREAS, Skokie desires to continue to purchase and receive Lake Michigan Water from Evanston for distribution and sale by Skokie to the customers of the Skokie System; and EXECUTION COPY WHEREAS, Evanston desires to continue to sell and deliver Lake Michigan Water to Skokie and currently has, and will continue to have, available facilities sufficient to pump, treat and deliver Lake Michigan Water to Skokie in quantities sufficient to meet the maximum daily demands of the Skokie System; NOW, THEREFORE, in consideration of the aforesaid premises, which are hereby made a part of this Agreement, and of the mutual covenants and agreements herein contained, and of other good and valuable consideration, Evanston and Skokie do hereby agree as follows: SECTION 1. WATER SUPPLY AND SERVICE. A. Full Water Reauirements. Subject to the terms and conditions of this Agreement, Evanston shall sell and deliver to Skokie, and Skokie shall purchase and receive from Evanston, all the Lake Michigan Water required for the use of the retail customers of the Skokie System, as it exists on the effective date of this Agreement and as it may be expanded in the future, with the following exceptions: (1) customers of the Skokie System being supplied from a source other than Evanston as of the effective date of this Agreement may continue to be so supplied; (2) customers of the Skokie System may be supplied from a source other than Evanston at any time in the future if both Evanston and Skokie consent; (3) no new customer, either public or private, having an estimated ultimate average daily use in excess of 100,000 gallons and located outside the corporate limits of Skokie may be supplied by Skokie without the prior written consent of Evanston; and (4) Evanston shall supply on a direct basis its current, and any new, customers located east of the Metropolitan Water Reclamation District Canal, including any such current or new customers located within the corporate limits of Skokie; provided, however, that this Clause 1.A(4) shall not be construed to prevent Evanston from recovering, as a condition to providing such service to any new customer located within such area of Skokie, Evanston's reasonable, actual costs of connecting such new customer to the Evanston System. -2- EXECUTION COPY B. Service Defined. Evanston shall supply at points of delivery located within Skokie at or near (1) the intersection of McCormick Boulevard and Emerson Street, (2) the intersection of Oakton Street and the Metropolitan Water Reclamation District Canal and (3) the intersection of Old Orchard Road and Gross Point Road (the "Points of Delivery") sufficient Lake Michigan Water to satisfy the maximum 24-hour demand for Lake Michigan Water of the Skokie System. Evanston shall supply Lake Michigan Water to both the Evanston System and the Skokie System by direct pressure from the Evanston Plant without intermediate pumping from reservoirs. The Evanston System and the Skokie System shall be operated as one single, fully integrated water distribution system (the "Evanston/Skokie System"). Evanston shall be responsible for controlling operating pressures within the Evanston/Skokie System and for adjusting such pressures according to the water demands within such System. Operating pressures within the Evanston/Skokie System shall depend. on the facilities, such as pumps, feeder mains, tanks and reservoirs, within such System and the. ability of the mains within such System to withstand higher pressures. At no time shall the operating pressure or quality of service in the Skokie System be reduced in order to give better service_ to the Evanston System. C. Ooeration and Maintenance of the Evanston/Skokie System. In carrying out its obligations pursuant to Subsection 1.B above, Evanston shall be responsible for operating, controlling, maintaining, restoring and improving the Evanston System and for operating and controlling, but not maintaining, all tanks, reservoirs, booster stations and similar facilities within the Skokie System. Such operation and control of the Skokie System shall be effected remotely from the Evanston Plant over telephone lines leased for that purpose by Skokie and so as to give at all times the best possible service within the Skokie System, with due concern for Skokie's costs. Evanston shall maintain complete and accurate records of Skokie booster station operating periods and of Skokie tank and reservoir water levels and pressures and shall deliver a copy of such records to Skokie at least once during each calendar month. Except as provided in this Subsection -3- EXECUTION COPY 1.0 or in a separate agreement between Evanston and Skokie, Skokie shall be responsible for maintaining, restoring and improving the Skokie System. D. Reliability: Curtailments. Evanston shall at all times use maximum feasible efforts to avoid interruptions to the service required pursuant to this Agreement or reductions in the amount of Lake Michigan Water required to be delivered by it to Skokie pursuant to this Agreement. In the event that, by reason of any emergency, system failure or malfunction, Evanston is unable, despite the use of such maximum feasible efforts, to supply the full Lake Michigan Water needs of the Evanston System, the Skokie System, the Northwest Water Commission and all other Evanston customers, the total amount of Lake Michigan Water that Evanston is able to supply to such parties shall be equitably apportioned among such parties; provided, however, that any Lake Michigan Water available from the New Reservoir described in Paragraph 3.D.1(d) of this Agreement shall not be supplied to Skokie unless, and then only to the extent, that Skokie has made a .contribution in accordance with Subsection 3.G of this Agreement to cover a portion of Evanston's investment in the New Reservoir. E. Quality. The quality of Lake Michigan Water supplied and delivered to the Skokie System pursuant to this Agreement shall at all times be equal to the quality of Lake Michigan Water supplied to the Evanston System and shall, at a minimum, be of such quality as to meet or exceed any water quality standards heretofore or hereafter enacted or promulgated by the United States Public Health Service, the Department of Public Health of the State of Illinois, the United States or Illinois Environmental Protection Agencies, or such other Federal or State agency or agencies as shall have jurisdiction from time to time to enact or promulgate such standards. F. Limitation on New Customers. Evanston shall not enter into any new, modified or amended agreement to supply Lake Michigan Water to any customer located outside the corporate limits of Evanston unless it can do so without impairing the service to which Skokie is entitled pursuant to this Agreement. Evanston shall give Skokie at least 90 days notice of its intention to -4- EXECUTION COPY enter into any such new, modified or amended agreement to supply Lake Michigan Water to any customer located outside the corporate limits of Evanston and shall supply Skokie with the evidence available that such service will not impair the service to which Skokie is entitled pursuant to this Agreement. G. Emeroencv Connections. Nothing in this Agreement shall be construed to prohibit Skokie from entering into any emergency water service agreement with any other municipality or water agency. H. Supply and Service Agreement Only. Nothing in this Agreement shall be construed as granting any proprietary or other interest in the Evanston Plant or System to Skokie. Nothing in this Agreement shall be construed as granting any proprietary or other interest in the Skokie System to Evanston. It is the intent of Evanston and Skokie that this Agreement shall constitute only an agreement for the sale and purchase of a water supply and related services. ._,SECTION 2. METERS AND MEASUREMENTS. _.A. Unit of Measurement. The unit of measurement for Lake Michigan Water delivered pursuant to this Agreement shall be gallons of water, U.S. Standard Liquid Measure, and all meters installed pursuant to this Agreement shall, unless Evanston and Skokie otherwise agree, be so calibrated. In the event that it should become necessary or desirable to use other units of measurement, the basis of conversion shall be that 7.48 gallons is equivalent to one cubic foot. B. Delivery Meters. Lake Michigan Water sold and delivered to Skokie pursuant to this Agreement shall be measured through a meter or meters furnished, installed, and read by Evanston (the "Delivery Meters"). Except as hereinafter provided, all billing for Lake Michigan Water sold and delivered pursuant to this Agreement shall be based upon Evanston's readings of the Delivery Meters. All Delivery Meters shall meet the standards of the American Water Works Association and shall be available for inspection and checking by Skokie at all times. -5- EXECUTION COPY Evanston, at its own expense, shall maintain and, at intervals not to exceed six months, inspect, test, calibrate and adjust all Delivery Meters. Representatives from Skokie shall have the right to witness all such inspections, tests, calibrations and adjustments. Copies of the results of all such inspections, tests, calibrations and adjustments shall be furnished to Skokie upon request. Any Delivery Meter that tests not over two percent slow or fast shall be considered correct for billing purposes. C. Check Meters. Skokie may, at its option and its own expense, install and operate a check meter (a "Check Meter") to check each Delivery Meter, but the measurement of Lake Michigan Water for billing pursuant to this Agreement shall, except as hereinafter provided, be solely by the Delivery Meters. All Check Meters shall meet the standards of the American Water Works Association and shall be available for inspection and checking by Evanston at all times. The maintenance, reading, calibration and adjustment of all Check Meters shall be performed by Skokie; provided, however, that if at any time any such Check Meter is, due to the malfunction of a Delivery Meter,or other reason, being used as the primary meter for measuring the amount of Lake Michigan Water delivered to Skokie pursuant to this Agreement, the maintenance, reading, calibration and adjustment of such Check Meter shall be performed by Evanston during such time. D. Meter Error and Correction. If either Evanston or Skokie at any time observes a variation between a Delivery Meter and a Check Meter or any other evidence of meter malfunction, such party shall promptly notify the other party, and Evanston and Skokie shall then cooperate to procure an immediate inspection and test of the accuracy of such meters. If, upon any inspection or test, any meter is found to be out of service or the percentage inaccuracy of any meter is found to be in excess of two percent slow or fast, the registration thereof, as well as charges for Lake Michigan Water based thereon, shall be corrected by agreement of Evanston and Skokie, based on the best data available, for a period extending back t� EXECUTION COPY to the time when such inaccuracy began, if such time is ascertainable and, if such time is not ascertainable, then for a period extending back one-half of the time elapsed since the last date of calibration, but in no event farther back than a period of six months. For such purposes, the best data available shall be deemed to be the registration of a Check Meter if one has been installed and is accurately registering not more than two percent slow or fast. Otherwise, the amount of Lake Michigan Water delivered during such period may be estimated (i) by correcting the error if the percentage of the error is ascertainable by calibration tests or mathematical calculation; or (ii) if the error is not ascertainable by calibration tests or mathematical calculation, by estimating the quantity of Lake Michigan Water delivered by reference to deliveries during the preceding periods under similar conditions when the meter or meters were registering accurately. E. Notification Concemina Meter Tests. Evanston and Skokie shall each deliver to the other .written notice at least 48 hours in advance of the time of any planned inspection, test, calibration, adjustment, or other work affecting any meter so that the other party may arrange to have a, representative present. If said representative is not present at the time set in such notice, the inspection, test, calibration, adjustment or other work may, notwithstanding any other provision of this Section 2, proceed in the absence of said representative. The notice herein required may be waived in writing by either party. Notices required pursuant to this Subsection 2.E shall be given in the manner provided in Subsection 5.H of this Agreement but, notwithstanding said Subsection 5.H, shall be delivered to only the following persons at the following addresses: If for Evantson: Director of Public Works 2100 Ridge Avenue Evanston, Illinois 60201 If for Skokie: Public Works Director 5015 Davis Street Skokie, Illinois 60077 -7- EXECUTION COPY SECTION 3. BILLING AND RATES. A. Billing. Evanston shall render bills to Skokie pursuant to this Section 3 on a monthly basis for all Lake Michigan Water delivered by Evanston to the Points of Delivery pursuant to this Agreement, which water shall be measured as provided in Section 2 of this Agreement. Each such bill shall be due and payable on or before the 30th day following the date of its delivery to Skokie. Any bill not paid within 45 days following the date of its delivery to Skokie shall thereupon bear interest until paid at the lesser of the prime rate from time to time announced by the largest bank having its principal office in the State of Illinois or 10 percent per annum; provided, however, that in the event Skokie disputes any bill, or portion thereof, in writing within said 45 day period, and prevails in its dispute as to all or any portion of such bill, no interest shall be due or payable with regard to such successfully disputed portion of such bill. B. Rates. For purposes of this Section 3, a "Service Year" shall be the one year period beginning on March 1 of any year and ending on the last day of February of the following year. During each Service Year, - Evanston shall bill Skokie and Skokie shall pay Evanston, as full compensation to Evanston for all Lake Michigan Water sold and delivered and all services rendered pursuant to this Agreement, the following water rates: • Base Rate. A Base Rate per 1000 gallons of Lake Michigan Water delivered by Evanston to the Points of Delivery, calculated as set forth in Subsection 3.0 below, plus Reaulatory Adiustment Rate. For Service Years beginning on and after March 1, 2007, a Regulatory Adjustment Rate, if any is due, in accordance with, and calculated as set forth in, Subsection 3.D below. Charges due to the Base Rate shall be stated separately from charges due to the Regulatory Adjustment Rate, if any, on the monthly billings required pursuant to Subsection 3.A of this Agreement. In EXECUTION COPY Evanston shall, no later than January 31 of each year, deliver to Skokie written notice of the Base Rate and the Regulatory Adjustment Rate, if any, for the following Service Year, together with a detailed explanation of the calculation of such Rates. C. Base Rate. 1. Initial Base Rate. For all Lake Michigan Water delivered during the Service Year beginning March 1, 1997, the Base Rate shall be 72.5 cents per 1000 gallons. 2. Adiustment of Base Rate in Subseauent Service Years,. For each Service Year beginning on or after March 1, 1998, the Base Rate shall be calculated by multiplying the factor "1.WXYZ" times the Base Rate applicable in the immediately preceding Service Year, where ".WXYZ" shall be calculated as follows: (a) Calculate "Annual Inflation" equal to: (1) The percentage change, expressed as a decimal, in the Consumer Price Index -- All Urban Consumers -- Chicago, IL/Northwest IN, as published by the U.S. Department of Labor, Bureau of Labor Statistics, 1982-1984=100, or any successor index ( the "CPI"), from the value of the CPI at the second December preceding the Service Year to the value of the CPI at the first December preceding the Service Year; plus (2) The percentage change, expressed as a decimal, in the national Producer Price Index -- Total Durable Goods, as published by the U.S. Department of Labor, Bureau of Labor Statistics, 1982=100, or any successor index (the "PPI"), from the value of the PPI at the second December preceding the Service Year to the value of the PPI at the first December preceding the Service Year; divided by (3) Two to produce the average of the percentage change of the CPI and the PPI ({1+2)/2); but subject to the limitations that (4) (i) If the resulting dividend ({1+2)/2) is greater than the ceiling of 0.0900, Annual Inflation shall be deemed to be 0.0900, and (ii) If the resulting dividend is less than the floor of 0.0375, Annual Inflation shall be deemed to be 0.0375. EXECUTION COPY (b) Subtract 0.0175 from Annual Inflation as calculated pursuant to the preceding Subparagraph 3.C.2(a). D. Reaulatory Adiustment Rate. 1. Definitions. (a) "Qualified Capital Equipment and Facilities" means any capital equipment or facility that: (1) Is required to serve Skokie pursuant to this Agreement; and (2) Has an initial acquisition cost, calculated in the Service Year in which installation of such equipment or facility is commenced, equal to or greater than the "Threshold Value," where the Threshold Value for the Service Year beginning March 1, 1997 is $1,135,000 and the Threshold Value for each Service Year beginning on or after March 1, 1998, is equal to the factor "1.ABCD" multiplied times the Threshold Value for the immediately preceding Service Year, where ".ABCD" is the Annual Inflation as defined in Subparagraph 3.C.2(a) of this Agreement; BUT (3) ONLY WHEN the need for such equipment or facilities is certified pursuant to, and by an independent engineering firm (the "Independent Engineer") retained pursuant to, the procedures set forth in Subsection 3.E of this Agreement to be entirely and directly due to one or more specific, identifiable additions to, or changes in, Federal or State statutes or regulations applicable to operation of the Evanston Plant or the delivery of Lake Michigan Water to Skokie therefrom, including without limiting the foregoing, additions to or changes in the regulations of the United States Public Health Service, the United States Environmental Protection Agency, the Department of Public Health of the State of Illinois, the Illinois Pollution Control Board, or the Illinois Environmental Protection Agency, or any successor departments or agencies, which additions or changes become effective on or after March 1, 2007 (a "New Regulation"). Such certification shall be conclusive and binding on Evanston and Skokie. Any such equipment or facility that is entirely and directly due to a New Regulation shall be deemed Qualified Capital Equipment and Facilities notwithstanding the fact that the equipment or facility also produces other benefits to Evanston such as reducing operating expenses, increasing operating efficiencies, or permitting the retirement of other ISM EXECUTION COPY Evanston water works properties. Notwithstanding the foregoing, however, the New Reservoir defined in Subparagraph 3.D.1(d) below shall not be Qualified Capital Equipment and Facilities. In determining whether to certify equipment or facilities, or what portion of the cost of equipment and facilities to certify, as Qualified Capital Equipment and Facilities, the Independent Engineer shall include only the minimum cost of equipment and facilities necessary to comply with the New Regulation, and shall not include any costs for the equipment or facilities incurred by Evanston for purposes other than compliance with the New Regulation, such as costs to improve or upgrade the operation, or to expand the capacity, of the Evanston Plant or System, that are not entirely and directly due to the New Regulation. Evanston may, in its discretion, incur costs in connection with the acquisition and installation of Qualified Capital Equipment and Facilities for equipment, facilities or purposes not required for compliance with a New Regulation, but none of such additional costs shall be included in the calculation of the Regulatory Adjustment Rate. (b) "Principal and Interest Charges" means: (1) The actual principal and interest payments due during the Service Year in question attributable to any bonds (or that portion of any bonds) issued to finance the acquisition and installation of Qualified Capital Equipment and Facilities less the annual depreciation charge that would have been recorded for any assets required in serving Skokie that are retired in connection therewith, computed on a straight-line basis of depreciation over the remaining useful life of such assets as shown in the audited financial records of the Evanston Water Fund; or (2) If no bonds are issued, the amount of "Imputed Payments" for such Qualified Capital Equipment and Facilities less the amount of the annual depreciation charge that would have been recorded for any assets required in serving Skokie that are retired in connection therewith, computed on a straight- line basis of depreciation over the remaining useful life of such assets as shown in the audited financial records of the Evanston Water Fund, where "Imputed Payments" means the principal and interest charges that would have been incurred in the Service Year in question if the Qualified Capital Equipment and Facilities had been financed by an issue of 20-year bonds to be retired by 40 equal, semi- -11- EXECUTION COPY annual payments at an annual interest rate equal to the average interest rate, in the month in which the principal contract for the Qualified Capital Equipment and Facilities is signed by Evanston, for newly -issued municipal bonds carrying the same rating as Evanston's bonds as reported in the Municinal Bond Buver or similar publication. Principal and Interest Charges shall not be less than zero. (c) "Net Operating Cost" means: (1) The sum of (i) the increase in annual operating expense properly recorded by Evanston in the Evanston Water Fund plus (ii) the increase in the portion of annual operating expense properly recorded by Evanston in the Evanston General Fund for insurance costs that are properly allocated to the Evanston Water Fund, but only to the extent that such increases are entirely and directly attributable to the operation and maintenance of the Qualified Capital Equipment and Facilities; minus (2) Any reduction in any such operating expenses that is entirely and directly attributable to (i) the operation and maintenance of the Qualified Capital Equipment and Facilities or (ii) the retirement due to the installation of the Qualified Capital Equipment and Facilities of any assets of the Evanston Plant and System that had been required in serving Skokie. The amount of Net Operating Costs for the Service Year in which any such Net Operating Costs are first incurred shall be certified to both Evanston and Skokie by the Independent Engineer. (d) "New Reservoir" means any addition to the treated Lake Michigan Water storage capacity existing at the Evanston Plant that is installed after March 1, 1997. 2. Calculation of Reoulatory Adjustment Rate. The Regulatory Adjustment Rate, if any, for the Service Years beginning on and after March 1, 2007, shall be calculated as follows: (a) Determine "Skokie's Share" by taking the ratio of the total quantity of Lake Michigan Water delivered by Evanston to the Points of Delivery during the immediately preceding Service Year to the product of 365 times the rated maximum daily capacity of the Evanston Plant during such preceding Service Year (for purposes of this provision, Evanston and Skokie agree that the rated maximum -12- EXECUTION COPY daily capacity of the Evanston Plant as of the effective date of this Agreement is 108 million gallons per day); and (b) Multiply Skokie's Share times the sum of the total annual Principal and Interest Charges plus Net Operating Cost for the current Service Year attributable to the Qualified Capital Equipment and Facilities; and (c) Divide the resulting product by 12 to produce a monthly Regulatory Adjustment Rate. E. Procedure for Certification of Qualified Capital Equipment and Facilities and Net, Operating Costs. The Independent Engineer shall not have been previously employed by either Evanston or Skokie for at least 4 years prior to the date of its appointment pursuant to this Agreement and shall not be utilized by Evanston in connection with designing or installing the Qualified Capital Equipment and Facilities in question. The contract with the Independent Engineer shall be executed jointly by, and the fees of the Independent Engineer shall be shared equally by, Evanston and Skokie. The Independent Engineer shall be informed that its determination of what expenditure is "entirely and directly" due to the New Regulation is to be based on the minimum cost of acquiring and installing, or operating and maintaining, as the case may be, capital equipment and facilities strictly necessary to comply with the New Regulation and shall not include any expenditures that serve to improve or upgrade operation of, or expand the capacity of, the Evanston Plant but that are not entirely and directly required by the New Regulation. F. Termination of Reaulatory Adiustment Rate. At such time as Evanston ceases to incur any Principal and Interest Charges that are incorporated in the Regulatory Adjustment Rate, either by retirement of bonds actually issued or by reaching the end of the 20-year amortization period for Imputed Payments specified in Subparagraph 3.D.2(b) of this Agreement, the Regulatory Adjustment Rate shall be reduced by that amount. Skokie shall continue to pay the balance, if any, of the Regulatory Adjustment Rate. -13- EXECUTION COPY G. Agreements Concerning New Reservoir. 1. Adeauacv of Present Treated Lake Michigan Water Storage Capacity. Should Evanston construct additional treated Lake Michigan Water storage capacity after March 1, 1997 ('New Reservoir'), Skokie shall not, under any circumstances, be entitled to, or make any demand for, any allocation of Lake Michigan Water from such New Reservoir capacity pursuant to Subsection 1.D hereof in the event of emergency, system malfunction or failure, unless, and then only to the extent, that Skokie has made a contribution, in an amount agreed to by Evanston and Skokie and in addition to the Rates for Lake Michigan Water service provided for in this Agreement, to cover a portion of Evanston's investment in such additional treated Lake Michigan Water storage capacity, but nothing in this contract shall require Skokie to make any such contribution. 2. Cooperation Concerning Potential Requirement for New Reservoir. In consideration for the exclusion of the costs of a New Reservoir from the calculation of the Regulatory Adjustment Rate pursuant to. Subparagraph 3.D.1(a) of this Agreement, Skokie agrees to cooperate with and assist Evanston, in both informal activities and formal proceedings, in demonstrating to the Illinois Environmental Protection Agency and the Illinois Pollution Control Board that Evanston should not be required to construct any additional treated Lake Michigan Water storage capacity. In carrying out this obligation, Skokie agrees to, among other things, advocate to the Illinois Environmental Protection Agency and the Illinois Pollution Control Board that, insofar as the demands of Skokie's customers are taken into account in determining the need for additional treated Lake Michigan Water storage capacity, the capacity of the tanks and reservoirs of the Skokie System should be included as part of the treated Lake Michigan Water storage capacity at the Evanston Plant in determining whether the treated Lake Michigan Water storage capacity at the Evanston Plant is sufficient in relation to the demands of the customers served by the Evanston Plant. -14- EXECUTION COPY SECTION 4. EFFECTIVE DATE AND TERM OF AGREEMENT. This Agreement shall take effect as of March 1, 1997, and shall continue in force and effect for a term of twenty years, from March 1, 1997 to February 28, 2017, and shall be renewed automatically at ten year intervals thereafter unless either party hereto delivers notice of its intention to terminate this Agreement, in writing, not less than five years prior to the end of the initial term of this Agreement or any such ten-year term thereafter. However, both Evanston and Skokie agree to negotiate in good faith with reference to the continuation, extension, or renewal of this Agreement in the event that one of them delivers notice of its intention to terminate the Agreement and the other requests such negotiations. SECTION 5. GENERAL PROVISIONS. A. Entire Aareement. This Agreement shall constitute the entire agreement of Evanston and Skokie concerning the sale and purchase of Lake Michigan Water; all prior agreements between Evanston and Skokie, whether written or oral, are superseded by this Agreement. There are no representations, covenants, promises, or obligations not contained in this Agreement that form any part of this Agreement or upon which either Evanston and Skokie is relying in entering into this Agreement. B. Amendments and Modifications. No modification, addition, deletion, revision, alteration, or other change to this Agreement shall be effective unless and until such change is reduced to writing and executed by Evanston and Skokie pursuant to all applicable statutory procedures. C. Interpretation. It is the intent of Evanston and Skokie that this Agreement shall be construed and interpreted so as to preserve its validity and enforceability as a whole. No rule of construction that a document is to be construed against the drafting party shall be applicable to this Agreement. -15- EXECUTION COPY D. Non -Waiver. No term or condition of this Agreement shall be deemed waived by either Evanston or Skokie unless the term or condition to be waived and the circumstances giving rise to such waiver are set forth specifically in a duly authorized and written waiver of the party charged with such waiver. No waiver by either Evanston or Skokie of any term or condition of this Agreement shall be deemed or construed as a waiver of any other term or condition of this Agreement, nor shall waiver of any breach be deemed to constitute a waiver of any subsequent breach whether of the same or a different term or condition of this Agreement. E. No Third Partv Beneficiaries. No claim as a third party beneficiary under this Agreement by any person, firm or corporation shall be made, or be valid, against either Evanston or Skokie. F. Reoulatory Bodies. This Agreement shall be subject to all valid rules, regulations, and laws applicable hereto passed or promulgated by the United States of America, the State of Illinois, or any governmental body or agency having lawful jurisdiction, or any authorized representative or agency of any of them; provided, however, that this Subsection 5.F shall not be construed as waiving the right of either Evanston or Skokie to challenge the validity of any such rule, regulation, or law on any basis, including impairment of this Agreement. G. Assignment. Neither this Agreement nor the obligations or rights of either Evanston or Skokie pursuant to this Agreement shall be assigned or transferred except with the mutual consent of both Evanston and Skokie. H. Notices. Except as provided in Subsection 2.E of this Agreement, all notices and other communications in connection with this Agreement shall be in writing and shall be deemed delivered to the addressee thereof when delivered in person at the address set forth below or five business days after deposit thereof in any main or branch United States post office, certified or S[. EXECUTION COPY registered mail, return receipt requested, postage prepaid, properly addressed to Evanston and Skokie, respectively, as follows: If for Evanston: City Manager Evanston Civic Center 2100 Ridge Avenue Evanston, Illinois 60201 If for Skokie: Village Clerk Skokie Village Hall 5127 Oakton Street Skokie, Illinois 60077 with duplicates to: Village Manager Skokie Village Hall 5127 Oakton Street Skokie, Illinois 60077 Corporation Counsel Skokie Village Hall 5127 Oakton Street Skokie, Illinois 60077 By notice complying with the foregoing requirements of this Subsection 5.1-1, Evanston and Skokie shall each have the right to change the addressees or addresses or both for all future notices and communications to itself, but no notice of such a change shall be effective until actually received. Enforcement: Arbitration. 1. Remedies. Subject to Paragraph 5.1.2 below, Evanston and Skokie may in law or in equity enforce or compel the performance of this Agreement and shall otherwise have all remedies provided by applicable law. 2. Arbitration. In case of any dispute arising between Evanston and Skokie concerning this Agreement, such dispute shall, at the written request of either party, be referred -17- EXECUTION COPY to arbitration before a three person arbitration board for determination or settlement under the Illinois Uniform Arbitration Act, 70 ILCS 5/1 et seq., and the Commercial Arbitration Rules of the American Arbitration Association. The arbitration board shall consist of three experienced specialists in the matter to be arbitrated. One member of the arbitration board shall be chosen by Evanston, one shall be chosen by Skokie, and the two thus chosen shall appoint a third member, who shall serve as chairman. If the two thus named cannot agree upon a third within thirty days, a third shall be appointed by the American Arbitration Association from its National Panel of Arbitrators and in accordance with its rules for such appointments. It shall be the responsibility of the arbitrators to demand a clear and concise definition of the matter or matters at issue and to determine and demand all records, information, testimony, and other evidence that may be useful in their deliberations. It shall be the responsibility of Evanston and Skokie to meet such demands promptly and without reservation. Any award pursuant to arbitration as herein provided for shall be accompanied by a written opinion of the arbitrators giving reasons for the award. The arbitrators shall be entitled to reasonable compensation and to incur reasonable expenses, and such compensation and all other expenses of the arbitrators shall be shared equally by Evanston and Skokie unless the arbitrators shall specify some other allocation based on the equities of the situation. J. Authority to Execute. This Agreement, and its execution by the City Manager of Evanston, was approved by the City Council of Evanston on the third day of February, 1997. This Agreement, and its execution by the Village Manager of Skokie, was approved by the Mayor and Board of Trustees of Skokie on the third day of February, 1997. Evanston and Skokie each EXECUTION COPY warrants to the other that no other approvals are required to make this Agreement binding upon it and enforceable against it. IN WITNESS WHEREOF, Evanston and Skokie, acting under authority of their respective governing bodies, have caused this Agreement to be executed in several duplicate original counterparts effective as of the date first above written. ATTEST: CITY OF EVANSTON City Clerk City Manager ATTEST: VILLAGE OF SKOKIE Village Clerk Village Manager -19-