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<br /> - ---- - ---- -----.. ------------------- <br /> . 'I <br /> Memorandum - Revised North Metro 1-35W Corridor Coalition Joint Powers Agreement _I <br /> Page Two <br /> January 23, 1997 <br /> I <br /> 5. ARTICLE IX. FINANCIAL MATTERS <br /> Delete and add new language to wit: I <br /> Section 3. Operational costs shall be shared according to a meth5a agreea tlfl5n <br /> by tlfiilftim5t1J .5te 5fthe D<J!l:la 5fDilcet<JIJ. ThiJ mctlwa may ineluae I <br /> fliCmberJmjl atleJ ilfta f~eJ, al1.a ehaIgeJ fur Jef\ ieCJ t5 mernbcI3, the following <br /> formula: <br /> Each members share of the annual budget will be based 50% on the I <br /> members population compared to the aggregate population of all members <br /> and 50% on the members assessed valuation compared to the aggregate I <br /> assessed valuation of members. <br /> 6. ARTICLE IX. WITHDRAWAL. I <br /> Delete and add new language to wit: I <br /> Section 2. The withdrawal of a member does not affect that member's obligation <br /> to pay fees, charges or contractual charges "incurred prior to withdrawal." fur _I <br /> which it i3 5bligffiea t11,aer thiJ agreemefit. <br /> 7. ARTICLE IX. DISSOLUTION. I <br /> Delete and add new language to wit: <br /> Section 3. (last sentence) (Add "the operational cost formula set forth in Article I <br /> IX, Section 3, herein." after the words "in direct proportion to......" (Delete "their <br /> etll'fitllati.e alhrllal mcmbcI3hip e5Iit:libtrti5l1.J") <br /> These changes are nonsubstantial in nature and staff does not have any significant concerns about I <br /> these issues. <br /> Recommendation I <br /> Staff would recommend the City Council approve the revised Joint Powers Agreement for the I <br /> North Metro 1-35W Corridor Coalition as attached, and authorize execution of the document by <br /> the City Administrator and Mayor. <br /> BF/sls I <br /> I <br /> ~ <br /> I <br />