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2020-04-22 CC Packet
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2020-04-22 CC Packet
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Commission shall be used for citizen communications-related expenses. Each Member <br />acknowledges that its Debt Service Share of the franchise fee collections will be <br />irrevocably pledged by the Commission as <br />Section 4.All PEG (public, educational, and government) programming fees collected by <br />the Grantee and redistributed to the Commission shall be used by the Commission to fund <br />the cable-related expenses of the Commission and its Member Cities. operation of a <br />Community Media Center. <br />Section 5. A proposed budget for the operation of the Commission, including the <br />Community Media Center, for each calendar year shall be formulated by the Executive <br />Director under the direction of the Operations Committee and submitted to the <br />Commission on or before July 1 of each year. The Commission shall submit the <br />proposed budget to the Members on or before August 1 of each year. Such budget shall <br />be deemed approved by a Member unless, prior to October 15 preceding the effective <br />date of the proposed budget, the Member gives notice in writing to the Commission that <br />it is withdrawing from the Commission, subject to Article XII, Section 2 of this <br />agreement. Final action adopting a budget for the ensuing calendar year shall be taken by <br />the Commission on or before November 1 of each year. <br />Section 6. Any Member may inspect and copy the Commission books and records at any <br />and all reasonable times. All books and records shall be kept in accordance with normal <br />and accepted accounting procedures and principles used by Minnesota Statutory Cities. <br />XI.DURATION <br />Section 1. The Commission shall continue for an indefinite term unless the number of <br />Members becomes less than five, and the Commission may also be terminated by mutual <br />agreement of all of the Members at any time; provided that the Commission shall <br />continue to exist as long as any Bonds described in Article VIII, Section 13 of this <br />agreement remain outstanding. <br />Section 2. In order to prevent obligation for its Operating Cost Share for the ensuing <br />calendar year, a Member must withdraw from the Commission by filing a written notice <br />with the Secretary by October 15 of any year giving notice of withdrawal effective at the <br />end of the calendar year; and membership shall continue until the effective date of the <br />withdrawal. A notice of withdrawal may be rescinded by a Member at any time prior to <br />the effective date of withdrawal. If a Member withdraws before the dissolution of the <br />Commission, the Member shall have no claim against the assets of the Commission, <br />including the right to receive an allocation of franchise fees, except as provided herein. <br />A Member withdrawing after October 15 shall be obligated to pay its entire Operating <br />Cost Share (including any shortfalls) for the ensuing year as outlined in the budget of the <br />Commission for the ensuing year. A withdrawn Member will continue to be responsible <br />for its Debt Service Share (payable only fr <br />and/or PEG fees) notwithstanding its withdrawal from the Commission, and shall <br />continue to have its franchise fees and PEG fees paid directly to the Commission until all <br />Bonds have been paid. Any excess of the <br /> <br />
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