Laserfiche WebLink
<br />. <br /> <br />Q') <br />Q') <br />........... <br />~>, <br />Nc <br />...........0 <br />CO~ <br />O~ <br /> <br />ti <br />,..--I . ~ <br />::tt~ <br />n:: <br />1-'- <br />LL~ <br /><( <br />0::: <br />o <br /> <br />. <br /> <br />G. <br /> <br />The Authority may acquire, hold, and dispose of such real and <br />personal property as may be required to accomplish the purposes <br />of this Agreement and upon termination of this Agreement, make <br />distribution of such property as is provided for in this Agreement, <br />agreements relating to the financing of the Northstar Corridor, or <br />agreements with the State of Minnesota. <br /> <br />4. Article V, Section 2, of the Agreement is amended by adding new paragraph I. as <br />follows: <br /> <br />I. The Authority may sue and be sued in its own name. <br /> <br />5. <br /> <br />Article VI, Section 3, of the Agreement is replaced by the following: <br /> <br />Section 3: Committees. <br />A. Executive Committee. The Authority shall establish an Executive <br />Committee of the Authority consisting of five members and <br />alternates, including one representative from a city, a town, a <br />county and a regional railroad authority, as well as the Chair of the <br />Authority. In establishing the Executive Committee, the Authority <br />shall consider geographic balance in the representation on the <br />Committee. The Executive Committee shall be responsible for <br />approving invoices within approved contract amounts, addressing <br />personnel issues, fulfilling the day-to-day management <br />responsibilities of the Corridor Coordinating Committee described <br />in Minn. Stat. 9 174.86, subd. 5, and performing such other duties <br />as set forth in the Authority's bylaws. <br /> <br />B. Capital Budget Committee. The Authority shall establish a Capital <br />Budget Committee of the Authority consisting of one member and <br />alternate from each of the following: the Anoka County Regional <br />Railroad Authority, the Hennepin County Regional Railroad <br />Authority, Sherburne County Regional Railroad Authority, and <br />Benton County. The Authority may add one or more additional <br />members to the Capital Budget Committee if that member has <br />made a significant contribution to the capital funding of the <br />Northstar Corridor. The Capital Budget Committee shall be <br />responsible for making recommendations to the Authority <br />concerning any decision regarding the capital costs or capital <br />budget for the Northstar Corridor and performing such other duties <br />as set forth in the Authority's bylaws. Any decision that would <br />increase the capital contribution of any member must be approved <br />by a unanimous decision of the Capital Budget Committee and <br />must be approved by the member's board of commissioners or <br />council. <br /> <br />3 <br />