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b . The Consortium may, with the approval of its Board of Directors, <br />authorize the use of the Facilities b y public agencies that are not named Member <br />Entities in this Interlocal Agreement. However, the Board of Directors shall set an <br />appropriate fee schedule for such non-member participation, and the non-member <br />participant shall be required to execute the Sublicense Agreement with Valencia <br />College prior to using the Facility. <br />11. School Board: The School Board o f O r a n g e C o u n t y has licensed the <br />use of the Facility to Valencia College, and will continue to do so on such terms and <br />conditions as set forth in the License Agreement. The Facility shall remain the property of <br />the School Board of Orange County, and may not be sold, mortgaged, or otherwise <br />encumbered by the Consortium. T he Consortium shall enter into a Facility Operations and <br />Management Agreement with Valencia College. <br />12. Facility Manager: The Board of Directors may hire a Facility Manager, <br />who shall be responsible for implementing the Facility Operations and Management <br />Agreement as entered into by and between the Consortium and Valencia College. The Board <br />shall enter into a written employment contract with the Facility Manager, more <br />specifically setting forth the duties, responsibilities and authority of the Facility Manager. <br />13. Chief Financial Officer: The Board of Directors may also hire a Chief <br />Financial Officer, who will be responsible for ensuring that all budgeting, accounts <br />payable, accounts receivable, and other financial matters are conducted following generally <br />accepted governmental accounting practices. The Board may enter into a written <br />employment contract with the Chief Financial Officer, more specifically setting forth the <br />duties, responsibilities, and powers of the Chief Financial Officer. <br />14. Committees: The Board of Directors, in carrying out its duties and <br />responsibilities, may establish committees. The President shall appoint the Members to <br />serve on each such committee. <br />15. Budgeting; The Board of Directors shall annually budget for the <br />operations of the Consortium. Each party to this Interlocal Agreement shall cooperate in <br />providing funding to the Consortium, in accordance with the terms herein. The Board of <br />Directors shall annually adopt a schedule of dues and fees to be charged to Member <br />Entities by the Consortium. <br />16. Third Party Contracts: The Board of Directors shall have the authority to <br />enter into contracts with third parties to fulfill the purposes described herein. In purchasing <br />Page 6 of 11 <br />