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<br />U !lJ@[2T!OO@T!!JJ[2 <br />@@[2[2D[g)@[ff3 <br /> <br />Executive Committee/Capital Budget Committee Agenda Item #4 <br />NCDA Agenda Item #2b <br /> <br />MEMORANDUM <br /> <br />April 29, 2005 <br /> <br />To: <br /> <br />NCDA Executive Committee/Capital Budget Committee <br />Northstar Corridor Development Authority <br /> <br />From: <br /> <br />NPO Staff <br /> <br />Subject: <br /> <br />Amendment #2 to the Financial Management Services Agreement <br /> <br />When the NCDA was established in 1997, it entered into a financial management <br />services agreement with Anoka County. The Agreement was amended in 2001. The <br />Agreement provides that Anoka County will provide all services related to the <br />management of NCDA funds, including budgeting, accounting and related legal <br />services. The term of the Agreement needs to be extended in order for Anoka County <br />to continue to provide such services. Anoka County is willing to continue to provide <br />these services for the remainder of the project development. Staff recommend that the <br />term be extended until such time as the Agreement is terminated by either of the <br />parties. <br /> <br />Action Requested: That the Executive Committee/Capital Budget Committee <br />recommend that the NCDA authorize the chair to execute an <br />amendment to the Financial Management Services Agreement <br />extending the term for the life time of the project development or <br />until such time as the Agreement is terminated by either of the <br />parties. <br /> <br />Northstar Corridor Development Authority <br />21003" Avenue. Anoka. Minnesota 55303-2265 (63)323-5700 Fax: (63) 323-5682 www.northstartram.org <br />