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2020-12-09 CC Packet
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2020-12-09 CC Packet
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which the granting Member would otherwise have to pay. The Board may also enter into an <br />agreement, as a condition to any such grant, that it will credit all or a portion of such grant towards <br />charges which have been made or in the future may be made against one or more specified <br />Members. <br />Section 9.7. Expenditures. Board funds may be expended by the Board in accordance <br />with procedures established by law for the expenditure of funds by cities. Orders, checks, drafts <br />and other legal instruments shall be signed by the chair or vice-chair and countersigned by the <br />secretary or such other person as shall be designated by the Board. <br />Section 9.8. Contracts. Contracts shall be let and purchases shall be made in accordance <br />with the legal requirements applicable to contracts and purchases by Minnesota cities. <br /> <br />ARTICLE X <br />WITHDRAWAL <br /> <br />Section 10.1. Notice of Withdrawal. Any Member may at any time prior to June 1 of a <br />given year, give written notice of withdrawal from Metro-INET. Written notice of withdrawal <br />submitted prior to June 1 shall be a timely withdrawal and the Member shall not be responsible for <br />de the obligation of the Member by a prior, multi- <br />year budget commitment approved by the Board. <br />prior to withdrawal upon timely notice will be based on the Class 1, 2 and 3 Charges outstanding <br />for the remainder of the calendar year and additional years for which the Board committed Metro- <br />INET to such financial obligation while the Member was with Metro-INET as a Member. In such <br />case the Member shall be responsible for the net present value of its a pro rata share of such <br />commitment. Written notice of withdrawal after June 1, shall be untimely for purposes of <br />withdrawal prior to the next calendar year but shall serve as notice for withdrawal effective the <br />t of charges as set forth herein or its failure to comply <br />with Metro-INET operational security requirements or other policy prescribed by the Board, <br />without cure after written notice and a reasonable ti <br />of withdrawal from Metro-INET as determined by the Board pursuant to Section 4.8 at a regular <br />or special meeting. All Member withdrawals shall take effect at the end of the applicable fiscal <br />year, unless otherwise provided by the Board. <br /> <br />Section 10.2. Claim to Assets upon Withdrawal. <br />INET at a time when such withdrawal does not result in dissolution of the organization shall forfeit <br />zation except that it shall have access to any <br />software developed for its use while it was a Member in accordance with and subject to the <br />provisions of Article XIII, Section 13.5(b). <br /> <br />Section 10.3. Financial Obligations upon Withdrawal. Upon withdrawal the Member <br />shall continue to be responsible (1) for all of its prorated share of any unpaid Class 2 Charges; (2) <br />for its share of Class 1 Charges to the effective date of withdrawal; (3) for its share of any Class 3 <br />Charges to the effective date of withdrawal; and (4) for any contractual obligations it has separately <br />incurred with Metro-INET. <br /> <br />11 <br /> <br />
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