3.9. SR 04-03-2006 - Laserfiche WebLink

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(d) Accept gifts, apply for and use grants or loans of money or other property from the state, the United States of America, and from other governmental and non- governmental units and may enter into agreements in connection therewith and hold, use and dispose of such money or property in accordance with the terms of the gift, grant, loan or agreement relating thereto; (e) Collect and analyze data, develop strategic recommendations and implement marketing programs for the purpose of economic development and retention of existing businesses within the jurisdiction of areas of operation of the parties; (f) Purchase liability insurance to insure against liability of the organization and its constituent members. ARTICLE IX. FINANCIAL MATTERS Section 1. The fiscal year of the North Metro Highway 10 Corridor Coalition is the calendar year. Section 2. The Board shall adopt an annual budget for each year prior to November 1 of the preceding year. The Board will give an opportunity to each member to comment or object to the proposed budget before adoption. Notice of the adopted budget must be sent promptly thereafter to the chief administrative officer of each Coalition member. The budget for any year is deemed approved by each member unless, prior to December 1st of the preceding year, a member gives written notice to the Administrative Representative that the member is withdrawing at the end of the year as provided in the Agreement. Section 3. Operational costs shall be shared according to the following formula: Each member's share of the annual budget will be based 50% on the members population compared to the aggregate population of all members and 50% on the members assessed valuation compared to the aggregate assessed valuation of all members. County membership cost participation shall annually be determined by the full Board. The Board may establish a minimum fee and a maximum fee Section 4. Membership dues for members joining the organization after the beginning of the budget year shall be assessed a fee comparable to similar current members and shall be included in the calculation outlined in Section 3 in subsequent years. Section 5. Coalition membership dues are due and payable no later than 30 days after mailing. In the event of a dispute as to the amount of a billing a member must nevertheless make payment as billed to preserve membership status. The member may make payment subject to its right to dispute the bill and exercise any remedies available to it. Failure to pay a billing within 60 days results in suspension of voting privileges of the member director. Failure to pay a billing within 120 days is grounds for termination of membership. 5