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<br />I .1a~ <br />I (e) contract for space, commodities or personal services with a member or <br />~ <br /> group of members; <br /> (f) accept gifts, apply for and use grants or loans of money or other property <br />I from the state, the United States of America, and from other govemmental units and may enter into <br /> agreements in connection therewith and hold, use and dispose of such money or property in <br />I accordance with the terms of the gift, grant, loan or agreement relating thereto. <br /> (g) collect and analyze data, develop strategic recommendations and <br />I implement marketing programs for the pwpose of economic development and retention of existing <br />I businesses within the jurisdiction of areas of operation of the parties, <br />I ARTICLE IX, FINANCIAL MATTERS <br />, Section 1. The fiscal year of the North Metro 1-35W Corridor Coalition is the calendar <br /> year, <br />Ie Section 2, The Board shall adopt an initial budget for 1996 and 1997 as soon as is <br /> reasonably possible and must thereafter adopt an annual budget for each year prior to July I of the <br />I preceding year, The board will give an opportunity to each member to comment or object to the <br /> proposed budget before adoption, Notice of the adopted budget must be mailed promptly thereafter <br />I to the chief administrative officer of each member. The budget for any year is deemed approved by <br /> each member unless, prior to October 10th of the preceding year a member gives written notice to <br />I the Secretary-Treasurer that the member is withdtawing at the end of the year as provided in the <br /> Agreement, <br />I Section 3, Operational costs shall be shared according to a method agreed upon by <br />I unanimous vote of the Board of Directors, This method may include membership dues and fees, <br /> and charges for service to members, <br />I Section 4, Billings to North Metro 1-35W Corridor Coalition members are due and payable <br /> no later then 30 days after mailing, In the event of a dispute as to the amount of a billing a member <br />I must nevertheless make payment as billed to preserve membership status. The member may make <br /> payment subject to its right to dispute the bill and exercise any remedies available to it. Failure to <br />fI pay a billing within 60 days results in suspension of voting privileges of the member director, <br />I 7 <br /> lJ:\1-35W\CORPORATIJ-POWER,DOC ' <br />