2020.12.07 CC Packet - Laserfiche WebLink

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