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<br />SECTION xm <br />DURATION, DISSOLUTION 01' THE <br />AGREEMENT <br /> <br />13.1 Qi3S0lution. This Agreement shaU remain in full force and effect until alia majority of the <br />member cities' councils have voted in favor of dissolution. . <br /> <br />13.2 Dissolution Payments. Upon dissolution, each member city sbaIl 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 />SECfiON 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 fOr the 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 />Governing Board will then determine the percentage of the total paid by each member <br />city. <br /> <br />!he percentage of the total contributions over the applicable period will then be <br />multipliecfnmes tlietOfiT c1Ol1m liffiVeQat1rysale-of alt-equipment-and-personal <br />property of the Department less any debts, and then distributed to the cites. If a deficit <br />occurs the member cities will contribute sufficient donars to ~iminate any deficits <br />utilizing the same percentage of contributions indicated above. <br /> <br />d) Building disposal of the police headquarters in Circle Pines will be appraised, determining <br />the estimated value of the land and of the building. The building and land will be offered <br />~-t()theGity-dcC~thec-->>praised~ce.__If_theJ;~n ofCircl~Pinesdeclines to <br />purchase the building, it will be sold. After the sale the member Cities Wilf receiVetlim- <br />percentage share of the proceeds as determined by the following formula: <br /> <br />The value of the net sale price times the percentage paid by the member city of the total <br />lease payments for the police headquarters building in Circle Pines. <br /> <br />-11- <br />