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<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 to <br />the City of Circle Pines at the appraised price. If the City of Circle Pines declines to <br />purchase the building, it will be sold. After the sale the member cities will receive their <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 />SECTION XV <br />COUNTERPARTS <br /> <br />15.1 This agreement may be executed in several counterparts and so executed shall constitute <br />one agreement, binding on all of the parties hereto notwithstanding that all of the parties are not <br />signatory to the original or the same counterpart. <br /> <br />SECTION XVI <br />AMENDMENT <br /> <br />16.1 Modification. This agreement sets forth all understandings between the parties. All prior <br />agreements, understandings, representations whether consistent or inconsistent, verbal or written, <br />concerning this agreement, are merged into and superseded by this written agreement. No <br />modification or amendment of this agreement shall be binding on any city unless each city <br />agrees in writing to the proposed change or amendment. <br /> <br />16.2 Subruittal. Any city wishing to subruit an amendment to the agreement shall do so by <br />subruitting a written proposal to the Governing Board at a regularly scheduled or special <br />meeting. The Governing Board shall forward the proposed amendment, with a recommendation <br />to each member city, within ninety (90) days of receipt of the proposed amendment. <br /> <br />16.3 Response to Proposed Amendment. Each recipient city shall respond to proposed <br />amendment within sixty (60) days of receipt from the Governing Board. If no response is <br />received, the amendment is deemed to be rejected. <br /> <br />16.4 No Mutual Agreement. A decision not to amend this Agreement shall not be subject to the <br />dispute resolution provisions of Section X of this Agreement. <br /> <br />-12 - <br />