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of such information shall he .at the option of each Participant. <br />Such information shall be distributed vice municipal newsletter, <br />water bill enclosures, general media news releases, and other <br />mutually agreeable communication methods. <br />6. EFFECTIVE DATE. The effective date of this Agreement shall <br />be the date upon which the last of the six Participants has <br />caused this Agreement to be executed pursuant to an authorizing <br />resolution of its governing body. <br />7. TERM. This Agreement shall continue in effect until December <br />31, 1987, unless extended, renewed, or terminated by the <br />Participants pursuant to the provisions of paragraph 8 below. <br />8. MODIFICATION. This Agreement may be extended, renewed, <br />terminated or amended by agreement of all the Participants as <br />authorized by resolution of each Participant's governing body. <br />9. WITHDRAWAL. A Participant may withdraw prior to the <br />expiration of the term of this Agreement or any subsequent <br />extensions thereof by giving 12 months' notice in the form of a <br />resolution of its governing body, served by registered mail on <br />the secretary -treasurer of the Commission. Service shall be <br />deemed to have been made on the day of mailing. Any grant monies <br />or other funds received by the withdrawing Participant or the <br />Commission, either prior to or after the effective date of <br />withdrawal,- that are attributable to the Participant's <br />participation in the Program prior to its withdrawal, shall be <br />paid to and remain the property of the Commission. <br />10. DISTRIBUTION UPON TERMINATION. Upon expiration of or <br />termination of this Agreement, any assets remaining after the <br />payment of outstanding obligations shall be distributed to the <br />Participants in proportion to their monetary contributions <br />calculated over the life of the Agreement. <br />IN WITNESS WHEREOF the Cities of Long Lake, Loretto, Maple <br />Plain, Medina, Minnetonka Beach and Orono have, pursuant to <br />authorizing resolution hereto attached, caused this Agreement Lo <br />be duly executed. <br />CITY OF LONG LAKE <br />By <br />By <br />Its Mayor <br />Its Clerk <br />Dated <br />3 <br />