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Administrative Subcommittee recommenda#ions to SPWRAP Board <br />Nov. 7, 2006 Teleconference <br />Participating Directors: Little, Narmon, Rhodes, Darling <br />1. Begin issuang memberships as soon as possible: <br />a. Membership (initiation) fee: $500 <br />i This fee will be the sams for any new member, regardless of class. <br />b. Initially, annual assessments of'/z¢ per unit.' <br />i At its November meeting each year, the Board will set the assessment per <br />unit for the following year. <br />c. Target date for issuing memberships: January 31, 2006. <br />d. Make clear to new members that assessments will increase substantially <br />when program begins <br />2. Annual meetings <br />a. The first annual meeting will be on May 18, 2006 (the third Thursday). <br />b. In following years, the annual meeting will be on the third Thursday in March. <br />c. Deadlines for vating <br />i For the 2006 meeting, members who have paid their membership fee and <br />assessments by May 1$t will be eligible to vote the number of units for <br />which assessments were levied and paid. <br />ii In following years, members whose assessments have been received by <br />SPWRAP na later than the first Thursday of March will be eligible to vote <br />the number of units for which assessments were levied and paid for that <br />year. <br />3. Evidence of Membership <br />a. For regulatory compliance purposes (USFWS), the evidence of inembership <br />that matters will be the certification provided by SPWRAP. <br />' For purposes of example only, the half-cent assessment rate results in the following <br />annual assessments for hypothetical members of the following sizes: <br />Class M: 100,000 SFE taps " 6 Units/tap "'/2¢ _$3,000 <br />Class A: 30,000 irr. ac. * 1 UniUac *'/z¢ _$150 <br />Class I: 10,000 af. div. * 6 Units/af *'/Z¢ _$300 <br />AdSubCom Recommend 11-7-05