4.2. SR 10-27-1997 - Laserfiche WebLink

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Dues Assessments. Funding for the CUC shall be provided by participating member local government units. Each participating member's dues assessment during the first year of existence of the CUC shall be equal to $1,250 plus 0.005% of each member local government unit's 1996 generating machinery market value. For.the first year of existence, each member local government unit shall remit its respective dues to the treasurer of the CUC within 60 days of executing this Agreement or within 60 days after the election of officers as provided in paragraph 3 (f) of this Agreement, whichever is later. For purposes of this Agreement, the first year of existence of the CUC shall end June 30, 1998 and a fiscal.year for the CUC shall thereafter commence July 1 and end June 30 of the following year. After the first year of existence, at the annual meeting as provided in paragraph 3 (f), the joint powers board shall establish dues assessments for member local government units. The treasurer shall thereafter certify to each participating member local government unit its dues assessment by no later than August 1 of each fiscal year. After dues assessments are certified, each member local government unit shall remit its respective dues to the treasurer of the CUC within sixty (60) days of receipt of its dues assessment. Termination. This Agreement shall remain in effect until terminated by action of the CUC joint powers board at a duly qualified meeting. If the joint powers board is terminated, all assets acquired as a result of the joint exercise of powers pursuant to this Agreement remaining after the date of termination and after payment of any outstanding debts or expenses, shall be returned to those member local government units in good standing on the date of termination in proportion to the respective contributions made by the member local government unit. Any individual member local government unit participating in this Agreement may elect to withdraw from participation in the CUC at any time upon adoption of a resolution to that effect submitted to the secretary of the CUC joint powers board. A withdrawing individual local government unit shall not be entitled to the remm of any dues previously paid. v.C. tO. xfilxfiBg~y.. This Agreement is made pursuant to and shall be construed in accordance with the laws of the state of Minnesota. o Severability. In the event that any provision of this Agreement is determined to be invalid, illegal, or unenforceable by any court of competent jurisdiction, or by reason of any existing or subsequently enacted legislation, the other provisions of this Agreement shall remain in full force and effect, and the parties hereto shall negotiate in good faith and agree to such amendments or modifications of or to this Agreement or other appropriate actions as shall, to the maximum extent practicable, in light of such determination, implement and give effect to the intentions of the parties hereto. 4