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5 <br /> Memorandum of Agreement <br /> Triangle Water Supply Partnership <br /> b) Consensus—means a Partnership decision made by unanimous vote in favor of a <br /> proposed action by all the Representatives (or Alternate Representatives)present <br /> and voting at a meeting. <br /> c) Dues—means Initial Dues,Annual Dues, and Special Projects Dues. <br /> d) Fiscal Year—means July 1 through June 30. <br /> e) Large Project—means a Project that is funded as a separate line item in the <br /> Annual Budget. <br /> f) Partnership Operating Fund("Fund")—means the Fund managed by the Fiscal <br /> Agent, consisting of revenue from Annual Dues and Special Project Dues, and <br /> interest thereon, and from which funds are disbursed to satisfy contractual <br /> obligations related to the Partnership's activities. <br /> g) Project—means a Project included in the Annual Budget. Includes Small <br /> Projects, Large Projects, and Special Projects. <br /> h) Project Lead A encX—means the Participant responsible for contracting and <br /> managing each Project. <br /> i) Quorum—means more than one half of Participants have a Representative (or <br /> Alternate Representative) in attendance at a meeting. <br /> j) Partnership Management—means management of the Partnership by the <br /> Administrative Agency including but not limited to meeting notices, <br /> arrangements, facilitation, and summaries; other communications; records <br /> retention. <br /> k) Simple Majori . Vote—means a Partnership decision made by vote of more than <br /> one-half of the total number of Representatives (or Alternate Representatives). <br /> For example, if there are 15 Members (and therefore 15 Representatives), 8 must <br /> affirmatively vote for a proposed action to pass by Simple Majority vote, <br /> regardless of how many Members may have a Representative in attendance at a <br /> meeting. <br /> 1) Small Project—means a Project that is funded from the single Small Projects line <br /> item in the Annual Budget. <br /> m) Special Project—means a Project approved and funded (with additional dues)by <br /> a subset of Participants (this can also be a single Participant; e.g. when a task is <br /> added to a Project contract for work specific to that Participant). <br /> n) Special Project Consensus—means a Partnership decision regarding a Special <br /> Project made by unanimous vote in favor of a proposed action by all the <br /> Representatives (or Alternate Representatives) of those Participants participating <br /> in the Special Project,present at a meeting at which a Special Project Quorum is <br /> present. For example, if 6 members are participating in a Special Project, at least <br /> August 7, 2018 Page 3 of 35 <br />