5.7. HANDOUTS 06-13-2011 - Laserfiche WebLink

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3 ~ - CIR( (~(lu~ ~ 1~11'Ilri' ~D.~rTO ,~ MOUNDS~VfEV1' Associate Members fir"", Letter of Understanding ~~,9 `~ The undersigned, agrees to join the North Metro Mayors Association (hereinafter "NMMA") as an Associate Member (hereinafter "ASSOCIATE") effective , 2011, and be eligible to participate in the NMMA's Central Purchasing Program, also known as the "North American Joint Purchasing Program'. Whereas, NMMA, a Joint Powers organization under Minnesota Statutes Section, Section 471.59, has invited ASSOCIATE to join the Association as an Associate Member and participate in its Central Purchasing Program (CPP), also known as the "North American Joint Purchasing Program', and Whereas, by joining with NMMA, ASSOCIATE will: • Receive best public bid pricing for program products and services that will be made available to NMMA members, associate members and community partners; • Participate in an annual CPP dividend distribution program based on members' quantity purchases, minus program expenses on a pro-rate basis; and • Have the opportunity to customize purchase and buying patterns based on requirements that best fit and benefit ASSOCIATE. In consideration of mutual promises and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: • There is no obligation to purchase any products or services as an Associate Member. ASSOCIATE may elect, in its sole discretion, to participate, in any program for products and/or services offered under NMMA's CPP, so long as ASSOCIATE remains a current Associate Member. Associate may withdraw participation at any time by giving written notice. • No participation fee will be charged, and the only potential cost will be a pro-rata share of program expenses, if any, and such charge may only be assessed against and deducted from earned Program dividends payable to the undersigned based on its purchases of products and/or services under the CPP. The CPP is managed by a committee of six (6) city managers, appointed by the NMMA Board of Directors, the NMMA CPP Management. Committee, who meet regularly to determine Program product and service offerings that will be submitted for public bid and become authorized under the CPP/North American Joint Purchasing Program for its members, associates and community partners. Now therefore the parties hereto have executed this Letter of Understanding effective as of , P011 North Metro Mayors Association By: Its: By' Its: