2020-038 Council Resolution - Laserfiche WebLink

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• • • agreements required in connection therewith and hold, use and dispose of money or property received as a gift or grant in accordance with the terms thereof. Section 10. The Commission shall make an annual, independent audit of the books of the Commission and shall make an annual financial accounting and report in writing to the Members. Its books and records shall be available for examination by the Members at all reasonable times. Section 11. The Commission may delegate its authority to its executive committee. Such delegation of authority shall be by resolution of the Commission and may be conditioned in such a manner as the Commission may determine. Section 12. The Commission shall adopt By -Laws which may be amended from time to time. Section 13. The Commission is given express authority to issue bonds, obligations and other forms of indebtedness, in a principal amount not to exceed $2,500,000 (the "Bonds"),for approved facility and equipment upgrades consistent with the authority granted to the Commission in this Agreement. As provided in Minn. Stat. § 471.59, subd. 11, the Bonds shall be obligations of the Commission which are issued on behalf of the Members, and shall be issued subject to the conditions and limitations set forth in Minn. Stat. § 471.59, subd. 11. The Bonds shall be payable solely from the Member's franchise fees and/or PEG fees, as hereinafter provided. The Commission may not pledge to the payment of the Bonds the full faith and credit or taxing power of the Members. No Bonds may be issued by the Commission without the prior consent of the Members. Section 14. The Commission shall provide ongoing oversight of the Operations Committee. Section 15. The Commission shall recommend and forward to the Member cities the Commission's annual budget and work plan. Section 16. The Commission shall periodically review expenditures related to the CommunityMediaCenter. Section 17. The Commission may exercise any other power necessary and incidental to the implementation of its powers and duties. VIII. POWERS AND DUTIES OF THE OPERATIONS COMMITTEE Section 1. The powers and duties of the Operations Committee shall include the powers set forth in this article. Section 2. The Operations Committee shall provide input and make recommendations to the Commission. Section 3. The Operations Committee shall provide for the definition of Member cities' needs and shall coordinate the resources of the Member cities' with the Executive Director