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<br />OCT 14 '99 12:14 TO-6124417425 <br /> <br />FROH-RICHARDSON,RITCHER &ASSOC. <br /> <br />T-422 P.05/06 F-038 <br /> <br />. I. The Authority may sue and be sued in its own name. . --' <br /> 6. Article VI, Section 31 of the Agreement is replaced by the following: <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, inoluding 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. ~ , 74.86, subd. 5, and performing such other duties <br /> as set forth in the Authority's bylaws. <br /> B. Capital Budget Committee. The Authority shall establish a Capital <br /> Budget Commlnee 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, Sherbume 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 members board of commissioners or <br /> council. <br /> 7. Article VII of the Agreement shall be amended by adding a new Section 5 as <br /> follows: <br /> Sectio"--5: Caoital Financing. It is understood by the parties that the <br /> capital costs of the Northstar Corridor project are to be funded primarily by <br /> grant monies from the United States Government, the State of Minnesota <br /> or any other association or agency. In addition, it is contemplated that <br /> certain member counties and regional railroad authorities will contribute <br />. funding for capital costs pursuant to agreements independent of this <br /> Agreement. <br /> '''_0'' <br /> <br />4 <br />