4.3. SR 04-16-2001 - Laserfiche WebLink

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NCDA Joint Powers Agreement Amendment #1 (2000) Attachment #2 and upon termination of this Agreement, make distribution of such property as is provided for in this Agreement, agreements relating to the financing ofth~ Northstar Corridor, or agreements with the State of Minnesota. Article V, Section 2, of the Agreement is amended by adding new paragraph I. as follows: I. The Authority may sue and be sued in its own name. Article VI, Section 3, of the Agreement is replaced by the following: Section 3: Committees. A. Executive Committee. The Authority shall establish an Executive Committee of the Authority consisting of five members and alternates, including one representative from a city, a town, a county and a regional railroad authority, as well as the Chair of the Authority. In establishing the Executive Committee, the Authority shall consider geographic balance in the representation on the Committee. The Executive Committee shall be resPonsible for approving invoices within approved contract amounts, addressing personnel ~ssues;--f~h~Img the day-to-day management r~s~ib-i'li~i~-°~ffii~-Ci/~aisf"CiS°-fitlh~ti'h--~g -C~ttee described in Minn. Stat..[ ~!74.86, subd. 5, and performing su~h3'~h-~i--a'~i{i'~s-'~S-~e~ forth in the Authority's bylaws. Bo Capital Budget Committee. The Authority shall establish a Capital Budget Committee of the Authority consisting of one member and alternate from each of the following: the Anoka County Regional Railroad Authority, the Hennepin County Regional Railroad Authority, Sherburne County Regional Railroad Authority, and Benton County. The Authority may add one or more additional members to the Capital Budget Committee if that member has made a significant contribution to the capital funding of the Northstar Corridor. The Capital Budget Committee shall be responsible for making recommendations to the Authority concerning any decision regarding the capital costs or capital budget for the Northstar Corridor and performing such other duties as set forth in the Authority's bylaws. Any decision that would increase the capital contribution of any member must be approved by a unanimous decision of the Capital Budget Committee and must be approved by the member's board of commissioners or council. Article VII of the Agreement shall be amended by adding a new Section 5 as follows: Section 5: Capital Financing. It is understood by the parties that the capital costs of the Northstar Corridor project are to be funded primarily by grant monies from the United States Government, the State of Minnesota or any other association or