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17 <br /> be received by the SOPB Board to acquire equipment and resources,and (iv) anticipated <br /> administrative and related expenses <br /> 5.2 That portion of the budget not funded by grants shall be funded by FPAs and <br /> Affiliate Agencies as.provided in this Section. Each agency's share of the budget shall be <br /> derived asfollows: <br /> a. Calculate the FPA or Affiliate agency's assessed valuation as compared to the total <br /> assessed valuation of all the FPA/Affiliate agencies The resulting percentage is the <br /> agency's"pro rata share:' <br /> b. Multiply the FPA or Affiliate agency's pro rata share by the budget'. <br /> 5.3 FPAs shall be invoiced amounts according to the foregoing calculation. Invoices <br /> shall be payable within 45 days of the due date of the invoice;failure to timely pay an invoice <br /> shall constitute a default under the terills of this Agreement. <br /> 5.4 If a Snohomish County agency joins as an FPA or Affiliate Agency at any date other <br /> than January 1,the agency shall pay a pro rata share of the amount it would otherwise have <br /> been billed for the calendar year in which it joined. The fees paid by such agency shall reduce <br /> the obligations owed by the other FPAs and Affiliate Agencies. At the SOPS Board's discretion, <br /> the appropriate amounts shall be refunded to the other agencies or shall be credited against <br /> their financial obligations in thesubsequent calendar year. <br /> 5.5 The SOPB Board shall execute an interlocal agreement with appropriate.Board <br /> approved public agency to handle the billing, collection, arid public bidding functions for the <br /> SOPS Board. <br /> Section 6: Compensation for Special Operations Services: <br /> in consideration of the financial and other contributions by the FPAs as outlined herein,the <br /> SOPB Board and parties hereto agree that an FPA shall not be billed for Special Operations <br /> Services received by such FPA. <br /> Section 7: Bylaws._ <br /> The SOPB Board has„and shall continue to Maintain, bylaws for the purposesof conducting the <br /> business of the SOPB Board. Participation by FPAs in the SOPB Board shall be guided by <br /> such bylaws and amendments to these bylaws as may be approved by the majority vote of the <br /> SOPB Board. <br /> Section 8: Withdrawal by a Party. <br /> 8.1 An FPA that withdraws from this Agreement shall forfeit any right to a share of the. <br /> value of the SOPB owned Equipment. <br /> INTERLOCAL AGREEMENT-3 <br /> 178 <br />