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4 <br />on -all Owners of the Lots and all persons claiming under them, for <br />a period of 30 years from the date this Declaration is recorded, <br />after which time said covenants shall be automatically extended <br />for successive periods of 10 years unless an instrument, signed by <br />the then Owners of not less than 75% of the Lots and by the City <br />of Orono, has been recorded agreeing to change said Declaration in <br />whole or in part. <br />12. Annexation. Additional residential property and <br />common land may be annexed to the Property with the written consent <br />of the then Owners of not less than 75% of the Lots and of the <br />City of Orono. <br />13. Merger and Dissolution. The Association may be <br />merged with a non-profit corporation of similar purposes or dissolved <br />but only in each case with the assent given in writing and signed <br />by not less than 75% of the members. Upon dissolution of the <br />Association, other than incident to a merger or consolidation, the <br />assets of the Association shall be dedicated to an appropriate public <br />agency to be used for purposes similar to those for which this <br />Association was created, provided, however, (if such agency is not <br />the City of Orono) that the City of Orono be given 30 days prior <br />written notice thereof, and during said 30 days the City may elect <br />to receive such dedication on the same terms and conditions as those - <br />acceptable to such other public agency. In the event that such <br />dedication is refused acceptance, such assets shall be granted, <br />conveyed and assigned to any non-profit corporation, association, <br />trust or other organization to be devoted to such similar purposes. <br />14. Action by City to Cure Deficiencies. In the event <br />the Association fails to maintain the Common Roadway, Common Drive- <br />way and Drainage Easements in good repair or fails to pay taxes -or <br />assessment on said common properties as tney become due, the City, <br />of Orono may issue a notice to said Association setting forth the <br />'nature of the Association's deficiencies- and shall set a hearing to <br />discuss said deficiencies. This hearing shall be conducted by the <br />City Council no sooner than ten (10) days nor later than thirty <br />0 . -12- <br />