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12-14-2020-R
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12-14-2020-R
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<br />7 <br /> <br />Section 6.9. Delegation to Executive Committee. The Board may delegate authority to <br />the executive committee of the Board, between Board meetings. Such delegation of authority shall <br />be by resolution of the Board and may be conditioned in such manner as the Board may determine. <br /> <br />Section 6.10. Accumulation and Maintenance of Capital. The Board may accumulate <br />and maintain reasonable working capital reserves and may invest and reinvest funds not currently <br />needed for the purposes of the organization. Such investment and reinvestment shall be in <br />accordance with and subject to the laws applicable to the investment of city funds. <br /> <br />Section 6.11. Data, Data Processing and Management Information Systems. The <br />Board shall make Metro-INET data processing and management information systems available to <br />its Members, subject to reasonable charges for the development and processing thereof. Metro- <br />INET shall not own Member Data, which shall be returned to the Member upon its withdrawal <br />made pursuant to this JPA or upon dissolution. <br /> <br />Section 6.12. PERA. The Board may provide for any of its employees to be members of <br />the Public Employees Retirement Association and may make any required employer contributions <br />to that organization and any other employer contributions which municipalities are authorized or <br />required by law to make. <br /> <br />Section 6.13. Necessary and Incidental Powers. The Board may exercise any other power <br />necessary and incidental to the implementation of its aforementioned powers and duties. <br /> <br />ARTICLE VII <br />FISCAL AND OPERATIONAL SERVICES; EXECUTIVE DIRECTOR <br /> <br />Section 7.1. Fiscal and Operations Agent. The Board shall designate a Member to serve <br />as the fiscal and operations agent of Metro-INET (“Fiscal Agent”). The Fiscal Agent shall provide <br />services as set forth in the JPA and on additional matters as may be determined by the Board <br />through authorization for services by contract with Metro-INET. The Fiscal Agent shall be <br />responsible for management of all of Metro-INET’s funds, for the keeping and storing of Metro- <br />INET’s financial records, recommending to the Board and maintaining adequate insurance <br />coverage of Metro-INET consistent with municipal liability limitations under Minnesota law, and <br />to provide for the annual financial audit and accounting of all Metro-INET related activities. The <br />Fiscal Agent shall be responsible for collecting and preserving all Metro-INET records and data <br />pursuant to the requirements of the Minnesota Government Data Practices Act, Minnesota <br />Statutes, Chapter 13. The Fiscal Agent shall post a fidelity bond or other insurance against loss of <br />organization funds in an amount approved by the Board, at the expense of Metro-INET. <br /> <br />Section 7.2. Executive Director. The Board shall hire an executive director to be <br />responsible for the management of the day-to-day operations of Metro-INET, executing the policy <br />directives of the Board, including, the power to implement contracts authorized by the Board, the <br />prosecution and defense or other participation in actions or proceedings in law; to employ <br />personnel or retain as consultants such persons as he or she may deem necessary to carry out <br />Metro-INET functions; to conduct such research and investigation as necessary on any matter <br />related to or affecting the general purposes of Metro-INET; to manage real and personal property
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