12-22-1982 Council Agenda - Laserfiche WebLink

Home Browse Search

year. Section 2. Commission funds may be expended by the Commission in accordance with the procedures established by law for the expenditure of funds by Minnesota Statutory Cities. Orders, checks and drafts must be signed by any two of the officers. Other legal instruments shall be executed with authority of the Commission, by the chair and treasurer. Contracts shall be let and purchases made in accordance with the procedures established by law for Minnesota Statutory Cities. Section 3. The financial contributions of the members in support of the Commission shall be in the same proportion as the members' votes on the Commission in accordance with the annual budget of the Commission. The annual budget shall establish the contribution of each member for the ensuing year and a timetable for the payment of said contribution. At such time as the first annual franchise fee is paid to the member cities, the Commission may reevaluate the proportion of the contributions to the Commission. The remainder of any franchise fee paid to the member by Grantee shall be used for cable- related expenses. Prior to the collection of franchise fees adequate to cover expenses, the Grantee, as a prepayment of the initial franchise fee shall reimburse mem- bers and the Commission for all cable- related expenditures. Section 4. A proposed budget for ti" ensuing calendar year shall be formulated by the Commission and submitted to the members on or before August 1. Such budget shall be deemed approved by a member unless, prior to October 15 preceding the effective date of the proposed budget, the member gives notice in writing to the Commission that it is withdrawing from the Commission. Final action adopting a budget for the ensuing calendar year shall be taken by the Commission on or before November 1 of each year. Section 5. Any member may inspect and copy the Commission books and records at any and all reasonable times. All books and records shall be kept in `5[)