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Attachment C 583 which the granting Member would otherwise have to pay. The Board may also enter into an 584 agreement, as a condition to any such grant, that it will credit all or a portion of such grant towards 585 charges which have been made or in the future may be made against one or more specified 586 Members. 587 588 Section 9.7. Expenditures. Board funds may be expended by the Board in accordance 589 with procedures established by law for the expenditure of funds by cities. Orders, checks, drafts 590 and other legal instruments shall be signed by the chair or vice -chair and countersigned by the 591 secretary or such other person as shall be designated by the Board. 592 593 Section 9.8. Contracts. Contracts shall be let and purchases shall be made in accordance 594 with the legal requirements applicable to contracts and purchases by Minnesota cities. 595 596 ARTICLE X 597 WITHDRAWAL 598 599 Section 10.1. Notice of Withdrawal. Any Member may at any time prior to June 1 of a 600 given year, give written notice of withdrawal from Metro-INET. Written notice of withdrawal 601 submitted prior to June 1 shall be a timely withdrawal and the Member shall not be responsible for 602 its share of the next year's budget not already made the obligation of the Member by a prior, multi- 603 year budget commitment approved by the Board. The withdrawing Member's financial obligation 604 prior to withdrawal upon timely notice will be based on the Class 1, 2 and 3 Charges outstanding 605 for the remainder of the calendar year and additional years for which the Board committed Metro- 606 INET to such financial obligation while the Member was with Metro-INET as a Member. In such 607 case the Member shall be responsible for the net present value of its a pro rata share of such 608 commitment. Written notice of withdrawal after June 1, shall be untimely for purposes of 609 withdrawal prior to the next calendar year but shall serve as notice for withdrawal effective the 610 year following. A Member's nonpayment of charges as set forth herein or its failure to comply 611 with Metro-INET operational security requirements or other policy prescribed by the Board, 612 without cure after written notice and a reasonable time to cure, shall constitute the Member's notice 613 of withdrawal from Metro-INET as determined by the Board pursuant to Section 4.8 at a regular 614 or special meeting. All Member withdrawals shall take effect at the end of the applicable fiscal 615 year, unless otherwise provided by the Board. 616 617 Section 10.2. Claim to Assets upon Withdrawal. A Member's withdrawal from Metro- 618 INET at a time when such withdrawal does not result in dissolution of the organization shall forfeit 619 the Member's claim to any assets of the organization except that it shall have access to any 620 software developed for its use while it was a Member in accordance with and subject to the 621 provisions of Article XIIl, Section 13.5(b). 622 623 Section 10.3. Financial Obligations upon Withdrawal. Upon withdrawal the Member 624 shall continue to be responsible (1) for all of its prorated share of any unpaid Class 2 Charges; (2) 625 for its share of Class 1 Charges to the effective date of withdrawal; (3) for its share of any Class 3 626 Charges to the effective date of withdrawal; and (4) for any contractual obligations it has separately 627 incurred with Metro-INET. 628 11