2024/06/26 Council Agenda Packet

15 ii. Approval of a budget that exceeds the prior approved budget by a percentage in excess of the most recently published Consumer Price Index – Urban for the Seattle/ Tacoma/Bremerton metropolitan area, June - June, calculated by the Federal Bureau of Labor Statistics, or its successor index, plus 4% (adjusted as necessary to accomplish the same annual cost increase limitation in the event Snohomish County 911 transitions to a biennial budget). iii. A decision to acquire assets, equipment, real or personal property valued at over $500,000; iv. Admission of a new Principal (other than admission of an Associate Agency as a Principal, or a Principal created by the merger, consolidation or other process as described in Section 6.r); v. Reinstatement of a Principal that has been converted to Subscriber; vi. Appointing the Executive Director (a Simple Majority Vote is required for removal of the Executive Director); vii. Expansion of the scope of services provided by Snohomish County 911 within the Scope of Section 4.a and 4.b; viii. Adoption or amendment of any bylaws, or amendment of the Articles; ix. Merger, consolidation, sale of all or substantially all assets of the Snohomish County 911 per Section 19; x. Modification of this Agreement (except for those items requiring approval of all legislative bodies of the Principals per Section 18); xi. Termination or dissolution of Snohomish County 911 per Section 20; xii. Approval of debt pursuant to Section 13; and xiii. Any other action requiring a two-thirds or sixty six-percent (66%) supermajority vote under chapter 24.06 RCW. j. Officers. The Governing Board shall have four officers, a President and Vice-President, Secretary and Treasurer, who will serve two (2) year terms, coterminous with Governing Board Member elections. It will be the function of the President to preside at the meetings of the Governing Board. The Vice-President shall assume this role in