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<br />12.5 Ownership of Land and Police Headquarters Building. The total contribution of the <br />withdrawing city for building lease payments will be computed in comparison to the total <br />building lease payments. Such withdrawing city shall be entitled to the payment percentage <br />times the appraised value of the building and land. The remaining cities will pay the <br />withdrawing city(s) the determined value in equal payments over a five-year period, or make <br />mutually agreed upon payments. The Police Governing Board shall select the appraiser to <br />determine the buildings value. <br /> <br />SECTION xm <br />DURATION, DISSOLUTION OF THE <br />AGREEMENT <br /> <br />13.1 Dissolution. 1bis Agreement shall remain in full force and effect until all of the member <br />cities' councils have voted in favor of dissolution. <br /> <br />13.2 DissolutionPavments. Upon dissolution, each member city shall continue payments and <br />operate as a full participant, under this Agreement for a one (I) 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 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 />The percentage of the total contributions over the applicable period will then be <br />multiplied times the total dollars arrived at by sale of all 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 dollars to eliminate any deficits <br />utilizing the same percentage of contributions indicated above. <br /> <br />- 11 - <br />