Agenda Packets - 2020/12/14 - Laserfiche WebLink

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Attachment C 403 Section 6.9. Delegation to Executive Committee. The Board may delegate authority to 404 the executive committee of the Board, between Board meetings. Such delegation of authority shall 405 be by resolution of the Board and may be conditioned in such manner as the Board may determine. 406 407 Section 6.10. Accumulation and Maintenance of Capital. The Board may accumulate 408 and maintain reasonable working capital reserves and may invest and reinvest funds not currently 409 needed for the purposes of the organization. Such investment and reinvestment shall be in 410 accordance with and subject to the laws applicable to the investment of city funds. 411 412 Section 6.11. Data, Data Processing and Management Information Systems. The 413 Board shall make Metro-INET data processing and management information systems available to 414 its Members, subject to reasonable charges for the development and processing thereof. Metro- 415 INET shall not own Member Data, which shall be returned to the Member upon its withdrawal 416 made pursuant to this JPA or upon dissolution. 417 418 Section 6.12. PERA. The Board may provide for any of its employees to be members of 419 the Public Employees Retirement Association and may make any required employer contributions 420 to that organization and any other employer contributions which municipalities are authorized or 421 required by law to make. 422 423 Section 6.13. Necessary and Incidental Powers. The Board may exercise any other power 424 necessary and incidental to the implementation of its aforementioned powers and duties. 425 426 ARTICLE VII 427 FISCAL AND OPERATIONAL SERVICES; EXECUTIVE DIRECTOR 428 429 Section 7.1. Fiscal and Operations Agent. The Board shall designate a Member to serve 430 as the fiscal and operations agent of Metro-INET ("Fiscal Agent"). The Fiscal Agent shall provide 431 services as set forth in the JPA and on additional matters as may be determined by the Board 432 through authorization for services by contract with Metro-INET. The Fiscal Agent shall be 433 responsible for management of all of Metro-INET's funds, for the keeping and storing of Metro- 434 INET's financial records, recommending to the Board and maintaining adequate insurance 435 coverage of Metro-INET consistent with municipal liability limitations under Minnesota law, and 436 to provide for the annual financial audit and accounting of all Metro-INET related activities. The 437 Fiscal Agent shall be responsible for collecting and preserving all Metro-INET records and data 438 pursuant to the requirements of the Minnesota Government Data Practices Act, Minnesota 439 Statutes, Chapter 13. The Fiscal Agent shall post a fidelity bond or other insurance against loss of 440 organization funds in an amount approved by the Board, at the expense of Metro-INET. 441 442 Section 7.2. Executive Director. The Board shall hire an executive director to be 443 responsible for the management of the day-to-day operations of Metro-INET, executing the policy 444 directives of the Board, including, the power to implement contracts authorized by the Board, the 445 prosecution and defense or other participation in actions or proceedings in law; to employ 446 personnel or retain as consultants such persons as he or she may deem necessary to carry out 447 Metro-INET functions; to conduct such research and investigation as necessary on any matter 448 related to or affecting the general purposes of Metro-INET; to manage real and personal property 7