5.8. SR 04-05-2010 - Laserfiche WebLink

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approved by atwo-thirds majority vote of the members present at a meeting of the Authority called for that purpose. Any excess funds in the administrative budget remaining at the end of the fiscal year shall be carried forward in such manner as to reduce proportionately each member's contribution for the following fiscal year. B. If the Authority incurs any administrative expenses as a result of a claim for damages, the administrative expenses paid shall be assessed against each member in the same proportion as the assessments described in paragraph A above, as applicable. 8. Article IX, Section 2, of the Agreement is amended to read as follows: Section 2: Records, Accounts and Reports. The Authority shall establish and maintain such funds and accounts as may be required by good accounting practices. The books and records of the Authority shall be subject to the provisions of Minn. Stat. Chapter 13, the Minnesota Government Data Practices Act, and Minn. Stat. § 16C.05, subd. 5. The Authority, within one hundred and twenty (120) days after the close of each fiscal year, which shall be January 1 to December 31, shall give a complete written report of all financial activities for such fiscal year to the parties. 9. Article IX is amended by adding a new Section 6 to the Agreement to read as follows: Section 6: Liability A. Separate Public Entity. The Authority is a public entity separate from the parties and shall not be deemed by virtue of this Agreement to be an agent or partner of the parties to this Agreement, the Metropolitan Council, the Minnesota Department of Transportation, or any grantee, nor shall the parties be liable for the actions of the Authority, the Metropolitan Council, the Minnesota Department of Transportation or any grantee. B. Responsibility for Own Acts and Omissions. Each party agrees that it will be responsible for its own acts and omissions, the acts and omissions of its commissioners, officers and employees and any liability resulting there from to the extent authorized by law. No party shall be responsible for the acts of the other parties and the results thereof. Each party acknowledges and agrees that it is insured or self-insured consistent with the limits established in Minnesota State Statute. Each party agrees to promptly notify all parties if it becomes aware of any potential Authority related claim(s) or facts giving rise to such claims. 5