Orange County NC Website
Browse       Search
Memorandum of Agreement <br />Triangle Water Supply Partnership <br />August 7, 2018 Page 8 of 35 <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 />12