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Agenda - Council - 09/24/2002
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Agenda - Council - 09/24/2002
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Last modified
3/25/2025 11:11:49 AM
Creation date
9/3/2003 11:35:58 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/24/2002
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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />for the cooperation and respective duties of the County and the Cities in funding and <br />maintaining the Project. The. 1999 Joint Powers Agreement also dealt with specific costs <br />associated with performing parts of the Project. The JLEC is hereby directed to use the <br />unexpended proceeds of the Series 1999A Notes in a manner consistent with the general <br />goals of the Project. The unexpended proceeds of the Series 1999A Notes may be expended, <br />consistently with Minnesota Statutes, Section 373.01, subdivision 3, as amended, at the <br />direction of the JLEC, in consultation with bond counsel for the County, so as to not affect <br />the tax-exempt status of the Series 1999A Notes. <br /> <br />11. DISBURSEMENT OF FUNDS AND PROPERTY <br /> <br /> All funds disbursed by any party pursuant to this Agreement shall be disbursed <br /> <br />pursuant to the method provided by law for counties and the Division Manager of Anoka <br />County Finance & Central Services shall be the fiscal agent. Upon termination, all <br />infrastructure shall be the property of the County and all radios shall be the property of the <br />govermnental units receiving the radios. Any funds held by the County as the result of <br />contributions under Paragraph 8 shall be returned to the party contributing the funds. <br /> <br />12. STRICT ACCOUNTABILITY <br /> <br /> A strict accounting shall be made of all funds and report of all receipts and <br /> <br />disbursements shall be made upon request by any party. <br /> <br />-6- <br /> <br />-109- <br /> <br /> <br />
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