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Section 3. That, to the extent the aforesaid Interlocal Agreement specifies that <br />either or both parties are required to pay for the performance of governmental functions <br />and services, the aforesaid payments shal] be made from current revenues available to the <br />paying party. <br />Section 4. That, to the extent the aforesaid agreement provides for contractual <br />payments, the City Council hereby finds and determines that the amount of said <br />compensation to the receiving party is hereby determined to be fair and reasonable <br />compensation for the service and functions performed. <br />Section 5. That this resolution shall be effective from and after the date of <br />passage. <br />PASSED AND APPROVED this 9th day of January, 2012. <br />ATTEST: <br />ice Ellis, City Clerk <br />APPROVED AS TO FORM: <br /> <br />W. Kent McIlyar, ' Attorney <br />