Agenda Packets - 1994/02/07 - Laserfiche WebLink

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4) FINANCIAL MATTERS. Coalition funds may be expended by the Board Other legal instruments shall be executed with the Authority of the Board. The Board shall have no authority to expend funds in excess of the coalition funds or incur any debt. The financial contribution of the Agencies in support of the coalition shall be per capita for full members. Each of the Agencies shall, by February 2nd of each year, pay to the coalition an amount as annually determined by the coalition based on the most recent Metropolitan Council population estimates. The Board may authorize changes in the per capita charge for all members upon majority vote. The annual assessment levy shall be determined by October 1st of the preceding year. The Board may receive financial contributions from private associations, entities or financial institutions. Such associations, entities or institutions shall then become honorary associate members. Honorary associate members may send representatives to Board meetings, but shall not be entitled to representation on the Board or have any voting rights. 5) WITHDRAWAL. Any Agency may withdraw from this agreement effective on January 1 of any year by giving notice prior to October 15 of the preceding year 6) TERMINATION. The coalition shall be dissolved if less than three (3) Agencies remain, or by mutual signed agreement of all of the Agencies. Upon termination, remaining assets of the coalition shall be distributed to the full members still remaining at the time of termination, pro rated according to their respective contributions. 7) NOTICES. All notices or other communications required herein shall be sufficiently given and shall be deemed given when delivered or mailed by registered or certified mail, postage prepaid, addressed to the following parties: President, Board of Directors, and Chairman, of the Operating Committee. 8) AMENDMENTS. This agreement may be amended and become effective only by written agreement entered into by all members in good standing. 9) MULTIPLE EXECUTION. This Joint Powers Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original and all such counterpart shall constitute but one and the same instrument. An originally executed counterpart shall be filed with Joseph D. Strauss, Executive Director, North Metro Mayors Association, 8525 Edinbrook Crossing, Suite #5, Brooklyn Park, MN 55443.