09-25-2017 Council Packet - Laserfiche WebLink

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Section 1. Time19 The Board shall call an Annual Meeting of Property Owners to be held once each year. The initial Annual Meeting shall be scheduled during the month of July or August as determined by the Board and shall be held annually in that period unless changed by vote of the previous Annual Meeting. Section 2. Notice20 The Annual Meeting shall be preceded by two weeks' published notice in the legal newspapers of the City of Orono, shall be posted on the public notice board of the City of Orono, and written notice shall be mailed at least ten (10) days in advance of the meeting to the City Council, the Pollution Control Agency, the commissioner of the DNR, and if there is a proposed project by the CBLID having a cost in excess of $5,000, all Property Owners. Section 3. Agenda.21 At the Annual Meeting: 1. The Directors shall present a budget, a proposed levy for the subsequent calendar year, and the distribution of such levy among the Property Owners as provided in Section 1 of Article 5 of these Bylaws. 2. The Property Owners present shall: a. Approve the budget for the upcoming fiscal year; b. Approve or disapprove proposed projects by the CBLID having a cost to the CBLID in excess of $5,000; and c. Take up and consider other business that comes before them. 3. The Property Owners shall elect one or more Directors as provided in Section 4 of Article 5 of these Bylaws. 22 Article 10: Personal Liability No Director shall be personally liable for the debts or obligations of the CBLID of any nature nor shall any of the property of the Directors be subject to the payment of the debts or obligations of the CBLID. The CBLID Board shall maintain liability, and Director/Officer insurance coverage for the CBLID. Article 11: Indemnification 19 See Minn. Stat. S. 10313.571 Subd. 1. 20 See Minn. Stat. S. 10313.571 Subd. 2. See also Article VII Section 3 of the St. Alban's Agreement, which expands upon these requirements to include posting on the public notice board. 21 See Minn. Stat. S. 103B.571 Subd. 3. 22 Note for actions other than the election of directors at the Annual Meeting, the statute (Minn. Stat. S. 10313.571 Subd. 3(a)) says property owners "present" shall.... Contrast this with the election of directors at the Annual Meeting, were the statute (Minn. Stat. S. 103B.571 Subd. 3(b)) provides that all property owners, "including absent members as provided in the order establishing the district, shall elect...." This distinction is the reason for segregating this item from the other items on the Agenda. 7