Agenda Packets - 1996/11/04 - Laserfiche WebLink

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, Section 2. In the event of a dissolution, the board must determine the measures necessary • to effect the dissolution and must provide for the taking of such measures as promptly as circumstances permit, subject to the provisions of this agreement and law. Section 3. In the event of dissolution, following the payment of all outstanding obligations, assets of the I-35W Corridor Coalition will be distributed among the then existing members in direct proportion to their cumulative annual membership contributions. If those obligations exceed the assets of the I-35W Corridor Coalition, the net deficit of the I-35W Corridor Coalition will be charged to and paid by the then existing members in direct proportion to their cumulative annual membership contributions. ARTICLE XIII. EFFECTIVE DATE; DURATION Section 1. This agreement continues in effect indefinitely unless terminated in accordance with its terms. This agreement is accompanied by the member resolution authorizing its execution is filed by the initial members with City Clerk of the City of . • ARTICLE XIV. EVALUATION OUTCOMES The I-35W Corridor Coalition seeks the following outcomes and periodically will measure success against stated goals to determine whether the I-35W Corridor Coalition should continue as a Joint Powers effort: Section 1. Transportation infrastructure improvements resulting in improved service, business growth and labor availability. Section 2. Implementation of a joint marketing program that attracts and retains quality industrial and commercial tax base and employment. Section 3. Identify business base and redevelopment opportunities and develop a strategic marketing plan for Corridor communities. Section 4. Implement a code of ethics for participating communities for use of attraction 0 and retention tools. U:\NMMA\SUBCOMM\I-35W\I35WJPA.DOC 9