Resolution 2004-46 - Laserfiche WebLink

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JOINT AND COOPERATIVE INTERGOVERNMENTAL AGREEMENT for a GREATER METRO TELECOMMUNICATIONS CONSORTIUM 8. FINANCES. A. Operating Budget., Drawing upon such assistance from the members as shall reasonably be required based upon such direction as the Board provides, the Treasurer shall prepare an operating budget (the "Operating Budget") by April 1st of each year this Agreement is in effect. The Operating Budget shall set forth anticipated expenses, financing sources, and proposed service levels necessary to carry out the purpose of this Agreement. Said Operating Budget shall take effect this following fiscal year, beginning on January 1st. Directors shall vote to approve any Operating Budget according to the voting procedures set ~orth in Section 6, above, but each Member shall have the right to refuse to pay that member's assessment and withdraw from the consortium by giving notice of withdrawal as provided in Section 12. B. Special Budgets. Upon direction by the Board of Directors, the treasurer shall prepare a special budget for particular projects that involve more than the ongoing research, information sharing, communication, and PEG interconnection functions of the Consortium, such as franchise renewals. Those Members desiring to participate in such special projects shall authorize their Directors to vote to approve or reject such budget according to the procedures set forth in Section 6, above, except that the quorum requirements for the purpose of approving a special budget shall only apply to the total number of Members who have indicated their intent to participate in said specially-budgeted project, rather than the entire membership of the Consortium. C. Contribution. Regardless of which voting procedure is used, Member contributions both with regard to the Operating Budget, and any special budgets, shall be apportioned and required in direct proportion to each Member's proportionate share of the total subscribership within the jurisdiction of all Members of the Consortium, as set forth with regard to the weighted voting system in Exhibit A. With the approval of the Board, Membe:rs may be credited for the monetary value of any personnel time, equipment or facilities used by the Consortium, or for other non-cash contributions that benefit the Consortium as a whole. Failure by any Member to pay its contribution to the approved Operating Budget by January 31 st of the applicable fiscal year shall be considered a default for the purposes of this Agreement, and such Members shall be considered no longer in good standing for all the purposes of this Agreement until paid in full. Failure by any Member to timely pay its share of any duly approved special budget shall result in the termination of the Member's right to participate in, or authorize its director to vote on any issues pertaining to, the projects or matters for which that special budget was prepared. 9. POWERS. The Consortium shall have the power to conduct research, communicate with individual Members, submit comments and statements on behalf of the Consortium to legislative bodies or executive agencies, cooperate in the operation and administration of PEG communications, and to take whatever measures the Board deems necessary to accomplish the Consortium's purposes as set forth in Section 1, above. The Consortium shall further have the power to maintain and utilize assets purchased Greater Me:tro Telecommunications Consortium Intergovernmental Agreement Page 4