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<br />as of January 1st in the year the city is withdrawing and shall be based on the officers <br />with the least seniority. <br /> <br />Such payment will be distributed to the remaining Cities based on their percentage share of the <br />current Department budget contributions. In addition, the withdrawing city shall be responsible <br />for payment of the remaining one (1) year of contributions and shall be a full participant in the <br />operation of the Department until its withdrawal is effective. <br /> <br />12.3 Refund ofPavment. During the six (6) month period following its notice to withdraw, a <br />city may abandon its withdrawal. In that event the payment made to the remaining cities will be <br />refunded. <br /> <br />After the six (6) month period, there shall be no refund of the payment made. <br /> <br />12.4 Ownership of Equipment. All contributions for equipment by the withdrawing city shall be <br />lost, and remain the property of the Department. <br /> <br />SECTION xm <br />DURATION, DISSOLUTION OF THE <br />AGREEMENT <br /> <br />13.1 Dissolution. This Agreement shall remain in full force and effect until a majority of the <br />member cities' councils have voted in favor of dissolution. <br /> <br />13.2 Dissolution Payments. Upon dissolution, each member city shall continue payments and <br />operate as a full participant, under this Agreement for a one (1) year period, so that dissolution <br />can occur in an orderly fashion. <br /> <br />SECTION XIV <br />DISTRIBUTION OF EQUIPMENT UPON TERMINATION <br />OR <br />DISSOLUTION <br /> <br />14.1 Process. <br /> <br />a) Upon dissolution or termination from this Agreement by a member, or members, the <br />following procedure shall be used to distribute the equipment and personal property of <br />the Department, and other related equipment. Distribution will occur only after all <br />Department debts and long term expenses have been satisfied. <br /> <br />b) All property and equipment will be sold. <br /> <br />c) In addition, the financial records of the Department will be reviewed for the life of the <br />agreement or forthe last 15 years, whichever is less, to determine the total dollar value <br />of contributed equipment and other payments made by each member city. . The <br /> <br />-10 - <br />