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Section 3.6.3.3. Additional Personnel. The Board may from time to time employ such personnelAuthority shall have all of the power to do all of the things permitted by Minnesota Statutes, Section 469.097, as amended, as it deems necessary to exercise its powers, duties, and functions. This authority includes but is not limited to: employing technical experts and other employees as it may require; contracting for the services of consultants, agents, public accountants, legal services, and such other persons or services as it may need to perform its duties and exercise its powers; purchasing supplies and materials; and, using City and County facilities, offices, and staff, as respectively appointed by the City and County, in the exercise of its powers and the performance of its duties. The selection and compensation of such personnel shall be determined by the Board, in consultation with the City and County. Section 3.7. Advisory Committees. The Authority may by resolution establish one or more advisory committees to the Authority. Section 3.8. Signature Authority. The following signature authority shall be authorized for transactions executed under direction of the Board: (a) All orders and requests for checks of the Authority for the payment of money as directed by the Board shall be signed by the Chair and the Administrative Director. (b) All contracts, deeds and other instruments made or authorized by the Board, except as otherwise authorized by resolution of the Board, shall be signed by the Chair and the Administrative Director. (c) The Vice Chair shall have the capacity to sign as an alternate officer of the Authority under extenuating circumstances such as lengthy excused absence, vacancy, termination, resignation, incapacitation or death of the Chair or of the Administrative Director. For purposes of definition, absent is defined as a period, usually significant in length, during which Chair is away and/or unable to fulfill the Chair’s role within the Authority leading to the potential for business issues of the Authority to be delayed and/or deadlines to be missed. Section 3.9. Vacancies. Should the office of Chair or Vice Chair become vacant, the original appointing authority, the City or County respectively, shall appoint that officer’s replacement for the unexpired term of that office. ARTICLE IV – FINANCIAL MATTERS Section 4.1. Fiscal Year. The fiscal year of the Authority shall be the same as the fiscal year of the County, a calendar year. Section 4.2. Accounting System and Audits; Books and Records. The financial records and financial statements of the Authority shall be prepared, audited, filed, and published or posted in the manner required for the financial statements of the County by a fiscal agent for the Board appointed by the County (the “Fiscal Agent”). The books and records of the Authority Page 3 of 10 421119v56 MTN TW185-1