24.5. For the purposes of this division, any equipment belonging to a local municipality or to a mandatary of a local municipality and that is at the disposal of the citizens and ratepayers of more than one local municipality, and in respect of which it may be appropriate
(1) that a municipal body other than its owner manage the equipment;
(2) that two or more local municipalities finance the expenditures relating to the equipment; or
(3) that two or more local municipalities share the revenue generated by the equipment,
is of a supralocal nature.