HomeMy WebLinkAboutMemorandum of Agreement - Grout Museum-8/24/2015Memorandum of Agreement
Between
Grout Museum District and City of Waterloo
The Grout Museum District administration, Board of Directors and the
City of Waterloo have approved the following agreement.
In addition to complying with all oversight requirements of the state of
Iowa, the Waterloo Convention and Visitors Bureau, and other granting
agencies, the Grout Museum District will provide the following:
• Continue to designate up to two seats on the Grout Museum
Board of Directors, with full voting rights, for City Council
members
• Continue the expanded Budget/Financial Oversight Committee,
which develops and monitors the Grout Museum District
operating budget. The Budget/Financial Oversight Committee
includes one Waterloo City Council member, Grout Museum
District Board members who are residents of Waterloo, and
appropriate staff
• Provide semiannual reports to the City Council, thus providing the
opportunity for public comment and input
• Submit the annual operating budget and financial audit report to
the City in a timely manner (GMD fiscal year is July 1 through June
30).
This resolution was jointly developed and approved by city officials and
th-, Grout Museum District on 7a1/44/i5'
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