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Section 3. Operational costs shall be shared according to the following formula: <br />Each member's share of the ammal budget will be based 50% on the members population compared <br />to the aggregate population of all members and 50% on the members assessed valuation compared to <br />the aggregate assessed valuation of all members. <br /> <br />Section 4. Billings to North Metro Trunk Highway 10 Corridor Coalition members are due and payable <br /> <br />no later then 30 days after mailing, In the event of a dispute as to the amount of a billing a member must <br />nevertheless make payment as billed to preserve membership status. The member may make payment <br />subject to its right to dispute the bill and exercise any remedies available to it. Failure to pay a billing within <br />60 days results in suspension of voting privileges of the member director. Failure to pay a billing within i20 <br />days is grounds for termination of membership, but North Metro Trunk Highway 10 Corridor Coalition's <br />rights to the billing are not affected by termination of membership. <br /> <br />ARTICLE X. ADMINISTRATOR <br /> <br />Section 1. The North Metro Trunk Highway 10 Corridor Coalition may appoint an administrator. The <br /> <br />administrator may be employed on a full-time, part-time or consulting basis. <br /> <br />Section 2. The administrator, if appointed, has only those powers and duties delegated by the board. <br /> <br />The administrator reports to and is responsible to the board. <br /> <br />ARTICLE XI. WITHDRAWAL <br /> <br />Section 1. A member may withdraw fi'om the North Metro Trunk Highway 10 Corridor Coalition no <br /> <br />later than October 10th in any year. The notice shall be accompanied by a certified copy of a resolution <br />adopted by the governing body of that member authorizing its withdrawal from membership. The <br />withdrawal is effective at the end of the calendar year in which notice is given. <br /> <br />Section 2. The withdrawal of a member does not affect that member's obligation to pay fees, charges or <br /> <br />contractual charges incurred prior to withdrawal. <br /> <br />ARTICLE XII. DISSOLUTION <br /> <br />Section 1. The North Metro Think Highway 10 Corridor Coalition may be dissolved by a two-thirds <br /> <br />vote of its members in good standing. Dissolution is mandatory when the Secretmy-Treasurer has received <br /> <br /> <br />