Structure and composition of SPV Sample Clauses

Structure and composition of SPV. The Proposed Common Facilities will be managed by Special Purpose Vehicle. The SPV will oversee the following functions: - Establish, operate and maintain all common facilities as mentioned in the DPR. - Collection of user charges from SPV members and other users of the facilities so as to meet the recurring expenses and future expansions - Preparation and submission of progress reports to KVIC through TA The management of the CFC will be a three tier structure for smooth and uninterrupted operations and is as follows: The Management Committee: It is themain governing body for the SPV which is ably assisted by Technical and Secretarial staff. At present committee is having 3 executive namely President, Secretary and Treasurer. While the President will oversee the entire operations, the other 2 executives and 2 members are entrusted with specific responsibility like marketing, technical, finance, Public relations etc. based on his past experience and qualifications. The technical staff: The Common Facility will have its own technical staff who will work on full time basis. The technical staff is headed by an experienced Manager and will be assisted by skilled and unskilled employees to run the proposed hard interventions. The Secretarial Staff: A competent and well qualified person will be appointed as the General Manager who will look after day to day operations of CFC and is directly reporting to Management Committee. He will be assisted by an accountant and assistant besides security guards who will work on shift basis. 57 | P a g e The proposed organizational structure of the CFC is given as below: President General Manager Secretarial Staff Technical Staff Incharge - PR Incharge - Finance Incharge - Marketing Incharge – Admn. Incharge - Operations MANAGEMENT COMMITEE
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