Agenda Packets - 1984/09/10 - Laserfiche WebLink

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AP p. yea. I Section 2. Commission funds may be expended by the CoWssien in accordance with the procedures established by law for the expenditure of furls by Minnesota statutory Cities. Orders, d*ckj and drafts suet be signed by any two of the officers. otter legal instruments shall be v=tad with authority of the Casaissicn, by the chair and treasurer. Omtracts *all bs let and purdwes made in accordance with the procedures established by law for Minnesota statutory Cities. Section . The financial contributions of the members in support of the Cahmission shall be in the same proportion as the members' votes on the Commission in accordance with the annual hKW of the CmMissien. The annual budget shall establish the contribution of each imambec for the ensuing year and a timetable for the payment of said contribution. At such time as the first annual franchise fee is paid to the member cities, the commission may reevaluate the proportion of the contributions to the Commission. The remainder of any franchise fee paid to the member by Grantee shall be used for cable -related expenses. Prior to the collection of franchise fees adequate to cover expenses, the Grantee, as a prepayment of the initial franchise fee shall reimburse mgo-- bars and the Commission for all cable -related expenditures. Section 1. A Proposed Ux*t for the ensuing calendar year stall be fo®ulated by the Commission and submitted to the members on or before August 1. Such b-idget *all be deemed approved by a member unless, Prior to October iS precedirg the effective date of the Proposed budget, the msebet gives rebus in writing to the C-Rkssiuh that it 11 withdrawing fra tt.e Oamisaion. final action adopting a budget for tha ensuing calendar year atoll be taken by the Ooemissian on cc before tiovember 1 of each year. Section S. Any member my inspect and M the Crmission books and �� records at any and all reasonable times. All books and records shell be kept in