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� , � <br />c. �i�dy Board Votine. Except for the annual budget, the Study Board shall act by <br />majority vote by resolution or motion, at a meeting at which a quorum is present. <br />The adoption ofthe annual Study budget shall require the �rmative vote of both: (a) more <br />than fifty percent ofthe members of the total Study Board in number, and (b) Study Boar¢ members <br />representing more than fifty percent of the total investments in dollars proposed for all of the Study <br />Participants in the Study. (In other words, a quorum must be present at a meeting for a vote on the <br />budget; however, a majority of the quorum shali not be sufficient for the adoption of the budget <br />unless such majority of the quorum also represents a majority of both the Study Participants and their <br />investment in the Study for the budget yeaz). <br />The Study Boazd shall maintain accurate records of the weighted votes allowed to each <br />member of the Study Boazd on each budget. Reapportionment of weighted votes allotted to each <br />- - StudyParti�ipant be completed by the Study Board fnMay and Novembef eacfi year. <br />d. �mpensation of 5tudy Boazd Members. Persans appointed to serve on the Study <br />Boud shall not receive compensation from the Study for their services as members of the Study <br />Board. The Study Board may provide for reimbursement of a Study Board member for reasonable <br />and necessary expenses incurred on behalf of, and authorized by, the Study Board. Nothing herein <br />shall limit the power of any Study Participant to compensate its own appointee to the Study Boazd. <br />e. Studv Boazd Meetings Notice of eetines. The Study $oazd shall meet regularly <br />as detemuned by the Study Board and may hold special meetings at any time and at any place within <br />Douglas County or Arapahoe County upon twenty-four hours written notice delivered to the home <br />or place of employment of each Study Board member, unless such notice be waived in writing by a <br />member not attending such meeting. Any officer ofthe Study Boazd may call a special meeting of <br />the Study Board. The Study Boazd shall designate one official location for the public posting of <br />notice of ineetings of the Study Board and such notice shall be posted at least 24 hours prior to the <br />meeting. <br />f. �tudy Board Ouorum. A simple majority of the number of inembers of the Study <br />Boazd in office shall constitute a quotum and shall be required for the transaction of business. <br />��. ��- . � :-. -.- . - �1'.�11] <br />a. p.poointment The three MTRs allocated to the Study Management Team <br />provided for in the Scope of Work shall be apQointed as provided in Section III. l.b{2}(v) hereof and <br />st�all serve at the pleasure of the Study Board. The Study Boazd may select one or more alternates <br />who may act as an MTR in the absence or unavailability of the MTR. A member of the Study Board <br />may be appointed to be an MTR. <br />b. Puties and Powers. MTRs, acting with the representatives appointed to the <br />Ivianagement Team by other entities as described in the Scope of Work, may comment on and make <br />recommendations to the Study Boazd on: (1) the activities of the consultant oc consultants engaged <br />to perform the Scope of Work; (2) the proposed annuai Study Budget; (3) the quaRerly study reports <br />�11257p�1t5oNhMOlroAgreementl0.wptl ' 6 — <br />