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10 <br /> Memorandum of Agreement <br /> Triangle Water Supply Partnership <br /> 9) Administrative Agent: <br /> a) Administrative Agent responsibilities include Partnership Management activities <br /> such as maintaining the official roster of Representatives and Alternates, <br /> preparing meeting agendas, sending notices for meetings, meeting facilitation and <br /> summaries, internal and external communication, technical and administrative <br /> document development and review, record retention, and website management. <br /> Administrative Agent responsibilities also include serving as or overseeing the <br /> Fiscal Agent. <br /> b) The Administrative Agent, with approval and direction from the Partnership, may <br /> contract for: <br /> i) Partnership management support <br /> ii) Fiscal Agent services <br /> iii) Small Project services <br /> iv) Large Project services <br /> v) Special Project services <br /> c) The Participants hereby authorize the City of Durham to act as the Administrative <br /> Agent for the Partnership and recognize and appreciate the willingness of the City <br /> of Durham to do so. <br /> d) The City of Durham's actions as the Administrative Agent for the Partnership's <br /> General Activities are performed on behalf of the Partnership and not as an <br /> instrument of joint agency. <br /> e) The Partnership will advise the Administrative Agent regarding financial <br /> management and direction of the General Activities under this Agreement. The <br /> Administrative Agent will conform with the laws of North Carolina applicable to <br /> local governments in the selection of entities to provide services for all Projects <br /> and in contracting for such services. <br /> f) The Partnership may appoint another Participant, or contract with another <br /> organization,to serve as Administrative Agent, upon Simple Majority Vote. <br /> 10)Fiscal Agent: <br /> a) The Participants hereby authorize the City of Durham to act as the Fiscal Agent <br /> for the Partnership and recognize and appreciate the willingness of the City of <br /> Durham to do so. <br /> b) The Partnership may appoint another Participant, or contract with another <br /> organization, to serve as Fiscal Agent, upon Simple Majority Vote. <br /> c) The Fiscal Agent for the Partnership shall: <br /> i) Administer and manage the Partnership Operating Fund, including carrying <br /> out its legal, contractual, fiscal, and fiduciary duties. <br /> August 7, 2018 Page 8 of 35 <br />