Agenda - Council Work Session - 04/04/2000

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certified copies of resolutions adopted by the governing bodies of the required number of members requesting dissolution of the North Metro Trunk Highway 10 Corridor Coalition. Section 2. In the event of a dissolution, the board must determine the measures necessary to effect the dissolution and must provide for the taking of such measures as promptly as circumstances permit, subject to the provisions of this agreement and law. Section 3. In the event of dissolution, following the payment of all outstanding obligations, assets of the North Metro Trunk Highway 10 Corridor Coalition will be distributed among the then existing members in direct proportion to their cumulative annual membership contributions. If those obligations exceed the assets of the North Metro Trunk Highway 10 Corridor Coalition, the net deficit of the North Metro Trunk Highway 10 Corridor Coalition will be charged to and paid by the then existing members in direct proportion to the operational cost formula set forth in Article IX. Section 3, herein. ARTICLE XIII. EFFECTIVE DATE; DURATION Section 1. This Agreement shall become effective upon filing with the City Clerk of the City of , a copy of resolutions authorizing its execution, and an executed copy hereof, of all of the initial members listed in Article IV, Section 2. In the event fewer than all of said initial members approve and execute this Agreement, this Agreement may become effective upon filing with said City Clerk, a copy of resolutions of all cities desiring to become members of the organization consenting to the creation of the North Metro Trunk Highway 10 Corridor Coalition notwithstanding the failure to participate by specified members. ARTICLE XIV. EVALUATION OUTCOMES The North Metro Trunk Highway 10 Corridor Coalition seeks the following outcomes and periodically will measure success against stated goals to determine whether the North Metro Trunk Highway 10 Corridor Coalition should continue as a Joint Powers effort: Section 1. Transportation and transit infrastructure improvements resulting in improved service, business growth and labor availability. Section 2. Sec~rance of a fair share of available metropolitan area public and private investment resources. Section 3. Completion of design of a comprehensive land use policy for the Corridor.