CCP 01-27-1997 - Laserfiche WebLink

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- - Ie Section 3. In the event of dissolution, following the payment of all outstanding obligations, assets of the North Metro 1-35W Corridor Coalition will be distributed among the then existing I members in direct proportion to their cumulative annual membership contributions. If those I obligations exceed the assets of the North Metro I-35W Corridor Coalition, the net deficit of the North Metro 1-35W Corridor Coalition will be charged to and paid by the then existing members in I direct proportion to the operational cost formula set forth in Article IX. Section 3, herein. I ARTICLE XIII. EFFECTIVE DATE: DURATION I Section I. This Agreement shall become effective upon filing with the City Clerk of the City of , a copy of resolutions authorizing its I execution, and an executed copy hereof, of all of the initial members listed in Article IV, Section 2. In the event fewer than all of said initial members approve and execute this Agreement, this I Agreement may become effective upon filing with said City Clerk, a copy of resolutions of all cities desiring to become members of the organization consenting to the creation of the North Ie Metro 135- W Corridor Coalition notwithstanding the failure to participate by specified members. I ARTICLE XIV, EV ALUA TION OUTCOMES I The North Metro 1-35W Corridor Coalition seeks the following outcomes and periodically will I measure success against stated goals to determine whether the North Metro 1-35W Corridor Coalition should continue as a Joint Powers effort: I Section 1. Transportation infrastructure improvements resulting in improved service, I business growth and labor availability. Section 2. Implementation of a joint marketing program that attracts and retains quality I industrial and commercial tax base and employment. Section 3. Identification of business base and redevelopment opportunities and I development of a strategic marketing plan for Corridor communities. if I U:\I-J5W\CORPORA Tl.1-POWER2.DOC 9