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RES 18-991
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RES 18-991
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1/31/2018 8:50:03 AM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
1/16/2018
DESTRUCT DATE
PERMANENT
DOCUMENT NO
18991
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• <br /> Section 14. Contributions and Advances. <br /> Contributions or advances of public funds and of the use of personnel, equipment or <br /> property may be made to the Authority by the Members for any of the purposes of this Agreement. <br /> Payment of public funds may be made to defray the cost of any such contribution or advance.. <br /> Any such advance may be made subject to repayment, and in such case shall be repaid, in the <br /> manner agreed upon by the Authority and the Member making such advance at the time of such <br /> advance. It is mutually understood and agreed to that no Member has any obligation to make <br /> advances or contributions to the Authority to provide for the costs and expenses of administration <br /> of the Authority, even though any Member may do so. The Members understand and agree that <br /> a portion of the funds of the Authority that otherwise may be allocated or distributed to the <br /> Members may instead be used to make grants, loans or provide other financial assistance to <br /> governmental units and nonprofit organizations (e.g., the Foundation).to accomplish any of the <br /> governmental unit's or nonprofit organization's purposes. <br /> Section 15. Immunities. <br /> All of the privileges and immunities from liabilities, exemptions from laws, ordinances and <br /> rules, and other benefits which apply to the activity of officers, agents or employees of Members - <br /> when performing their respective functions within the territorial limits of their respective public <br /> agencies, shall apply to the same degree and extent to the Directors,;officers, employees, agents <br /> or other representatives of the Authority while engaged in the performance of any of their functions <br /> or duties under the provisions of this Agreement. <br /> Section 16. Amendments. <br /> Except as provided in Section 12 above, this Agreement shall not be amended, modified, <br /> or altered, unless the negative consent of each of the Members is obtained. To obtain the <br /> negative consent of each of the Members, the following negative consent procedure shall be <br /> followed: (a) the Authority shall provide each Member with a notice at least sixty (60) days prior <br /> to the date such proposed amendment is to become effective explaining the nature of such <br /> proposed amendment and this negative consent procedure; (b) the Authority shall provide each <br /> Member who did not respond a reminder notice with a notice at least thirty (30) days prior to the <br /> date such pr6posed amendment is to become effective; and (c) if no Member objects to the <br /> proposed amendment in' writing within sixty (60) 'days after the initial notice, the proposed <br /> amendment shall become effective with respect to all Members. <br /> Section 17. Effectiveness. <br /> This Agreement shall become effective and be in full force and effect and a legal, valid <br /> and binding obligation of each of the Members on the date that the Board shall have received <br /> from two of the Initial Members an executed counterpart of this Agreement, together with a <br /> certified copy of a resolution of the governing body of each such Initial Member approving this <br /> Agreement and the execution and delivery hereof. <br />ld use under similar circumstances. <br />l audit with an audit covering a two-year period. <br />rograms available to all property owners who wish to <br />d the Authority will notify the City in advance of any additions or changes; <br /> and <br />