Laserfiche WebLink
Ihc Authority sloth appoint nine (9) members orits Board io serve on an Executive <br />Conuiduce. <br />h, lowers and Innilatioi <br />The Gxeculive Coitunitlec shall act in all advisory capacity ati d make <br />rcconnucnda Lions Lo the Authority Board. Duties will include, but not be limited lo, review of lic <br />quarterly and armu.d budgets, service as the Audit Coni n ace for the Authority, periodically <br />review this Agreement; and complete any other tasks m may be assisnted by the Bond. The <br />i.BCCL16VC CmmnitICC shall be subject to all litaltatious imposed by this Agrcemeut, other <br />applicable law, and resolutions or the Board, <br />C. Quorum <br />A mgjority or the Executive Committee shall constitute a quonun liar transacting <br />business of the Executive Committee, <br />11. Disposition of Assets <br />Upon termination of this Agreement, all renulniug assets and liabilities or the Auduaity <br />shall be distributed to the respective Members in such reamer as sludl be determined by die <br />Board and iu accordance wilt the law. <br />12, Agreement Not Exclusive; Operation in 3urisdicdon of Member <br />This Agrcemeut shall uoL be csclusivc, and each Member expressly reserves its rights to <br />early out other public capital improvements and programs as provided for by law amt to issue <br />other obligations for those purposes. 'this Agreement shall not Ix deemcd to amend or alter the <br />tenus ol'other agreements among the Members or Associate Members. <br />13. CoaAictof Interest Code <br />the Authority shall by resolution adopt a Conflict or Interest Code as required by lam. <br />14. Contributions and Advances <br />Contributions or advances or public fuuds and or personnel, equipntcut or property tray <br />Ix made to the Authority by any Mlcmher, Associate Member or may otter public agency to <br />Further the purpose of this Agrceurcut. Payment of public fuuds may be made to deliay dic cost of <br />any contribution. Any advance may be made subject to repaymeul, and in than rase shall be repaid <br />in llic neuuier ,etrecd upon by the advaucing Member, Associate Member or other public agency <br />and (lie Authority at the time of tucking the advance. <br />15. Fiscal Year, Accounts; Reports; Annual Budget; Administrative Expenses <br />IL "the fiscal year ol'thc. Audiorily shall be dic period From January l of each year to <br />mid iucludirg the Hallowing December 3I, except for may partial fiscal year resulting from a chau> c <br />Resolution No. 2015 -045 <br />Page 11 of 16 <br />