|
.h
<br />PFief Amendments
<br />INITIAL DRAFT
<br />4-14-25
<br />any reasonable agreement required in connection therewith, shall comply with any laws or
<br />regulations applicable thereto, and may hold, use and dispose of such money or property in
<br />accordance with the terms of the gift, grant, loan or agreement related thereto
<br />. A-11-VLAWMO disbursements
<br />reviewed and anDroved by the Technical Committee. A report of all disbursements shall be
<br />sent to the Board's Secretary -Treasurer f- Rhe BA-ara ffifia the F......ee a ffi- .o_ , 4-4-he
<br />Technical r,,m missie and the TEC's Finance Officer for review.- and a copy provided to
<br />the Board. Checks issued by VLAWMO shall be sinned
<br />by the VLAWMO Administrator may be authorized to sign eheeks. An Offieersand the
<br />Board Chair. The Secretary -Treasurer shall maintain a bond shall be maintained -by
<br />VLAWN40 in the amount of at least $10,000. VLAWMO will be responsible for paying
<br />Formatted: Font: Bold
<br />Formatted: List Paragraph, Left, Widow/Orphan control, Tab
<br />stops: Not at 0.5"
<br />Formatted: Font: Not Bold, Underline
<br />Formatted: List Paragraph, Indent: Left: 0", Hanging:
<br />0.38", Space Before: 0 pt, Outline numbered + Level: 2 +
<br />Numbering Style: 1, 2, 3, ... + Start at: 1 + Alignment: Left +
<br />Alianed at: 0.25" + Indent at: 0.5"
<br />the premium on said bond.
<br />; = { Formatted: Font: Bold J
<br />' Formatted: List Paragraph, Widow/Orphan control, Tab
<br />6.9 Subdivision 9. Kevenue Bonds to Secure MPCA Loan. VLAWMO is given express
<br />stops: Not at 0.5"
<br />authority to issue revenue bonds in a principal amount not to exceed $800,000 (the
<br />— Formatted: Font: Not Bold, Underline
<br />"Bonds") to secure the Loan to finance the Project. The term "Bonds" shall also include
<br />Formatted: List Paragraph, Indent: Left: 0", Hanging:
<br />bonds issued to refund and refinance the Bonds. As provided in Minn. Stat. § 471.59,
<br />0.38", Outline numbered + Level: 2 +Numbering Style: 1, z,
<br />3, ... + Start at: 1 +Alignment: Left +Aligned at: 0.25" +
<br />subd. 11, the Bonds shall be revenue obligations of VLAWMO which are issued on behalf
<br />Indent at: 0.5"
<br />of the Members, and shall be issued subject to the conditions and limitations set forth in
<br />Minn. Stat. § 471.59, subd. 11. The Bonds shall be payable solely from VLAWMO's
<br />revenues including its storm water utility fees. VLAWMO may not pledge to the payment
<br />of the Bonds the full faith and credit or taxing power of the Members. No bonds,
<br />obligations or other forms of indebtedness other than the Bonds may be issued by
<br />VLAWMO without the prior consent of the Members.
<br />,= Formatted: Font: Bold
<br />SECTION INVII
<br />DURATION OF THIS JOINT POWERS AGREEMENT
<br />7.1 Subdivision 1. puration of Ageement Each Member_ agrees to be bound by the terms of
<br />this Agreement until December 31, 24262046, and that it may be continued thereafter at the
<br />option of the Members. This Agreement shall be in full force and effect upon the filing of
<br />certified copy of the resolution approving said Agreement by each gel
<br />uff4Member.
<br />7.2 SuhdiAsien2.Termination of Agreement. This agreement may be terminated prior to
<br />T,.. uaFy 1, 202 December 31, 2046, by the unanimous consent of the parties. If the
<br />agreement is to be terminated, a notice of the intent to dissolve the VLAWMO shall be sent
<br />to the Board of Water and Soil Resources and to Ramsey and Anoka Counties at least 90
<br />days prior to the date of dissolution.
<br />7.3 Subdivision 3. In addition to
<br />termination as provided above, any meffiberMember may petition the Board of Directors to
<br />dissolve the agfee...�-.= ~=~'_.this Agreement. Upon ninety 90) days' notice in writing to the
<br />clerk of each member- governmental unit and " Member, the Board of Water and Soil
<br />Formatted: Font: Not Bold
<br />Formatted: Font: Not Bold, Underline
<br />Formatted: List Paragraph, Indent: Left: 0", Hanging:
<br />0.38", Outline numbered + Level: 2 + Numbering Style: 1, 2,
<br />3, ... + Start at: 1 + Alignment: Left + Aligned at: 0.75" +
<br />Indent at: 1"
<br />Formatted: Font: Bold
<br />Formatted: List Paragraph
<br />Formatted: Font: Not Bold, Underline
<br />Formatted: List Paragraph, Indent: Left: 0", Hanging:
<br />0.38", Outline numbered + Level: 2 + Numbering Style: 1, 2,
<br />3, ... + Start at: 1 + Alignment: Left + Aligned at: 0.75" +
<br />Indent at: 1"
<br />Formatted: English (United States)
<br />Formatted: Font: Bold
<br />Formatted: Font: Not Bold, Underline
<br />Formatted: Font: 11 pt
<br />Formatted: Font: 11 pt
<br />i;
<br />
|