Resolution 7632 Shoreline Fire JPA

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a. Notice. Notice of intent to withdraw from participation in the Department must be given in the month of January, with a minimum of Thirty-six (36) months' notice of intent to withdraw. The withdrawing Member shall continue to make all payments and contributions required by this Agreement while it is a Member. b. No vesting. Any party withdrawing from the Agreement shall have no vested rights or ownership in any of the property or assets of the Department. This section shall not affect the withdrawing Member's retention rights to land and buildings, subject to the provisions of this Agreement. c. Operating budget contribution. By December 31 of each of the two years following the effective date of its withdrawal, a withdrawing Member shall pay to the Department an amount equal to the withdrawing Member's allocated share, under Section 7 of this Agreement, of the Department operating budget for the year prior to the effective date of the withdrawing Member's withdrawal. 12.3 Dissolution. The Members may terminate this Agreement and dissolve the Department at any time, by resolutions adopted by the governing bodies of all Members. The dissolution shall be effective upon the date specified in the Members' resolutions of dissolution or, if no date is specified, upon the date the last resolution is adopted. 12.4 Distribution of Assets Upon Dissolution. Upon a mutually agreed upon dissolution, all assets owned by the Department shall be liquidated according to State law or may be transferred, by agreement among all Members, to a fire district. All cash remaining from the liquidation of assets after payment of all Department debts shall be distributed to the Members based on the average funding allocations of the Members for the last three years' budgets. If the Department is dissolved due to the withdrawal of a Members) and not by mutual agreement, the terms of Section 12.2 shall apply and the Department's rights to equipment and the Operating budget contribution shall be allocated to the Member(s) which did not withdraw. SECTION 13 CONTRACT CITIES 13.1 A municipality shall be added to the Department's service area with a fee for service contract only upon receiving unanimous approval of the Department Board. Each such municipality is known as a "Contract City" or, collectively, "Contract Cities." 13.2 A Contract City shall have representation on the Board as provided by Section 2.2(b) above. 13.3 By majority vote, the Board shall approve the fee structure for each new Contract City. 13.4 Contract Cities shall have no ownership interest in the Department, its assets or the assets of its members. 13.5 Notwithstanding the foregoing provisions of this Section 13, the Department shall, on or before the Operative Date, accept assignment of and responsibility for compliance with the Fire Service Contract dated June 6, 2018 between the City of Long Lake and the City of the Village AMinnetonka Beach (the "Existing Minnetonka Beach Contract"). The parties hereto agree and 235703v20