10.5 SR 03-01-2021 - Laserfiche WebLink

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(02) .1--_Cion of L—)n acts - Unless otherwise directed by the Autlionty, reqwired by law or required by State or Fedetal agencies furnishing funds to the Authority, all purchasing contracts of the Authority shall be executed on behalf of the Authority as provided by the Purchasing Policy set forth in the Financial Management Policies of the City of Elk River, as amended from time to time:. Non -purchasing contracts and other instrurnents, of the Authority shall be executed by the Chair, or, other officer if the Chair is unavailable, and the executive director, or the executive director's delegate. 6-2) L)isbqrsernents (M) E—edera]Funds - All funds received from the Government of the United States or any of its agencies shall be disbursed and accounted for in accordance with the regulations or reqlurenrents from time to time made by the Federal agencies furnishing said funds to the Authority. (02) Official Depository - All moni'es received by the Authority from any source whatsoever shall be depositedin approved bank accounts of the Authority and shall be disbursed only by check, except that petty cash funds not exceeding One Hundred Dollars (100) at: any time may be maintained by the AuthoritV. ((13) Checks - All checks drawn on ha nk , k accounts of the Authority shall indicate the fund and, in the case of a project, the project to be charged, All checks shall be signed by the two designated Commissioners of the Authority, or one officer of the Authority and the Executive Director, I 6.3) Qioiri � �Duties. The Authority shall evaluate and consider staff assigninents, the status of existing Authority projects, Any modifications otarriendments to the "Municipal Housing and Redevelopment Act" and suggested amendinents and changes to the Authority's bylaws from time to time as needed, 6-4) The official, newspaper of the Authority shall be the official newspaper of the (".try of Elk River, unless otherwise determined by resolution of the AuthoritY. 6-5) Official Dep�Ls—itory. The official depository of the Authority shall be the official depository of the City of Elk luver, unless otherwise determined by resolution of the Authority. 7.1) Advisory Conimi"ees (01) "Clue Authority shall maintain, at their discretion, volunteer advisory committees which will act in an advisory capacity, to the Authority, I (02) The advisory committees will include without limitation: (a) A joint l"-1DA/J-JR.A Finance Committee which shall consist of (i) two HRA r.-\ edeA MA dw 516013v5 JS13 1LI 85-13