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1. Subject to the Authority's direction, the Executive Committee <br />shall fulfill the day-to-day responsibilities of the Authority for <br />the implementation of commuter rail in the Northstar <br />Corridor, including the Authority's responsibility to act as the <br />Corridor Coordinating Committee described in Minn. Stat. § <br />174.86, subd. 5. <br />2. The Executive Committee shall be responsible for approving <br />contracts and expenses relating to this Agreement up to the <br />amount approved in the annual budget and authorizing the <br />Chair of the Authority to execute those contracts, approving <br />invoices within approved contract amounts, addressing <br />personnel issues, fulfilling the management responsibilities <br />of the~Authority, and performing such other duties as set <br />forth in the Authority's bylaws. <br />3. The Executive Committee shall recommend the annual <br />administrative budget to the Authority. The budget must be <br />recommended by 4/5th majority vote of the Executive <br />Committee. <br />4. The Executive Committee shall be responsible for making <br />recommendations to the Authority concerning any decision <br />regarding the capital costs or capital budget for the Northstar <br />Corridor. Any decision of the Authority that would increase <br />the capital contribution of any member must be approved by <br />a unanimous vote of the Executive Committee and must be <br />approved by each of the funding partner's board of <br />commissioners. <br />6. Article VI, Section 6, of the Agreement is amended to read as follows: <br />Section 6: Meetings. <br />An initial organizational meeting of the Authority shall be held at the <br />Sherburne County Courthouse, on May 1, 1997, at 4:30 p.m. Thereafter, <br />the Authority shall meet at regular meetings at such times and places as <br />the Authority shall establish in its bylaws. Special meetings may be held <br />on reasonable notice by the Chair or any two representatives upon terms <br />and conditions as the Authority may determine. The Authority shall meet <br />at least twice in each calendar year. <br />7. Article VII, Section 2, of the Agreement is amended to read as follows: <br />Section 2: On-Going Administrative Expenses. <br />A. By August 15 of each year, the Authority shall adopt an annual <br />administrative budget for the following calendar year, and shall determine <br />the amount of contribution, if any, by each member county regional <br />railroad authority. The budget and the resulting assessments shall be <br />4 <br />