07. Red River Regional Dispatch Center Joint Powers Agreement review

31 Version Oct 13, 2022 related to the funds described in Section 10.04 of this Agreement. The Fiscal Agent shall provide the RRRDC Authority Board with annual audit reports and other financial records as needed for the RRRDC Authority Board to monitor its funds. Section 10.10 ASSIGNMENT OR DELEGATION OF DUTIES. In the event that the Fiscal Agent is unable, unwilling to perform the duties of the Fiscal Agent, or it is in the best interests of the Red River Regional Dispatch Center Authority, the RRRDC Authority Board may assign the duties of the Fiscal Agent to a different third party private entity or a Member Entity. Prior to assigning the duties to either a private entity or a Member Entity, the Red River Regional Dispatch Center Authority shall provide written notice of its intent to assign the duties of Fiscal Agent at least thirty (30) days prior to undertaking such action to the Governing Body of each of the Member Entities. Section 10.11 BUDGET & FINANCE COMMITTEE. The Fiscal Agent shall provide reports and make recommendations regarding the management of Dispatch Center funds and financing to the Budget & Finance Committee prior to submitting those recommendations to the RRRDC Authority Board. The Budget & Finance Committee may make recommendations regarding the reports and recommendations of the Fiscal Agent and submit those reports and recommendations to the RRRDC Authority Board. Section 10.12 INSPECTION. The books and records of the Diversion Board of Authority shall be open to inspection by the RRRDC Authority Board Members and Member Entities at all reasonable times. ARTICLE XI. ISSUANCE OF DEBT FOR THE DISPATCH CENTER Section 11.01 INTENT. The Member Entities agree and acknowledge that the Dispatch Center may require the issuance of Debt Obligations by one or more of the Member Entities which may be used to pay costs directly associated with the Dispatch Center, to refund prior Debt Obligations, both temporary and permanent, issued by one or more of the Member Entities. Section 11.02 ISSUANCE OF DEBT FOR DISPATCH CENTER PERMITTED. The Member Entities agree and acknowledge that N.D.C.C. § 54-40.3-01, and Minn. Stat. § 471.59 allow two or more Minnesota and North Dakota political subdivisions having in common any portion of their territory to cooperatively exercise their respective powers to issue Debt Obligations for the purpose of constructing and acquiring the Dispatch Center that will be owned or operated jointly or cooperatively by and through a joint powers agreement. Section 11.03 PROCEDURE TO ISSUE DEBT OBLIGATIONS. The Member Entities agree and acknowledge that the precise terms and conditions of any Debt Obligations are unknown as of the Effective Date. The specific terms of the Debt Obligations will be set forth by written resolution adopted by the Red River Regional Dispatch Center Authority and the Member Entity, and/or Member Entities, issuing the Debt Obligation. Section 11.04 RESERVED-