10.5 SR 03-01-2021 - Laserfiche WebLink

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4.1) Qi!!2t�i - A majority- of the Commissioners i.1-1 office at any tin -re shah constitute a quorum for all purposes. In the case a quorum is not present at any meeting, those present shall have the power to adjourn the meeting, without notice or antherI announcement at the meeting, until the requisite number of Ci ommissioners s present, and business which might have been transacted at the meeting which was adjourned may be transacted at such reconvened meeting;. 4.2) Y2x - In addition to a quorum being required for each meeting of the Authority in order to transact business, a majority of all of the Commissioners shall be requited to approve any matter before the Commissioners. 5-1) fiscalYear-'rbc calendar year shall be the fiscal year of the Authority for general and administrative purposes; provided, however, that other fiscal years may, be established 13-V resolution as requited or desirable for specific purposes or undertakings of the: ALIthority", 5-2) RqdW -11-ie following budgetary proceedings shall apply to the transaction of business by the Authority: (01) A budget shall be prepared by the Executive Director, This budget shall be presented to the Comn-lissioners of the Auth,()rt3T I for consideration in .August of each year. (02) The budget shall include estimated revenues and the source of revenues, the, costs of the projects for the ensuing year, and the estimated costs for staff personnel, as well as tliex general adinnustrative and overhead costs estirnated, for the ensuing year, and a proposed levy. (03) After full consideration of the budget, the Commissioners of the Authority shall approve it and the Chair of the Authority shall submit the budget to the City Council not later than the tenth day of September of each year, 9-� 6. 1) contracts and Procurement (M) Approval of -�-) — ontracts of thAu thority uthown' rity shall be in tu.ig .act 1) zNtt( mg C and, except when deemed unnecessary by the Authority oE r the xecutive Director, shalbe l, approved as to forts by the attorney for the Authority,.' .rA e(4i \ bu\ Gp/a)vf. dot 5160130 JSB ELI 85-13