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V the intent to dissolve the VI AW.M0:shail be sent to the'Board of Water and Soil Resources and -to Ramsey and Anoka Couaties. rA least. 90 days prior to the -date of dissolution. Subdivision & -Dissolution. In addifth to the-manner'provided in Subdivision 2: for termination; any member may petition this Board of Vireetors o. dissolve the agreement, Upon.90 days' notice. in -'writing to the clerk of each membef-governmental unit and to -lie Board of Water and.Soil Resources and to Anoka and Ramsey County, the.Board-shall hold a hearing and uponti favorable vote by a majority of all. eligiFile*votes of then existing Board members, the Board may by m Resolution recomend that tUe-VLAWM.O be dissolved, Said Resolution shall bp. submitted to each member governmental unit and if ratified by three -fourths ofthe councils of all eligible members within 60 days, said Board shall dissolve the VLAWMO-allowing a reasonable time to complete work in progress and to dispose of personal proparEy.owaed by the VLAWMO. Subdivision 4. Assets, Upon a set of findings and order for dissolution of VLAWMO by the. State Board of Wate= and. Soil Resources, all property of VLAWMO shall be.. transferred, either jointly or severaily, to the governmental units of VLAWMO. Such transfer of VLAWMO assets may be made in proportion the total contribution of each Member as required::by the last annual operating budget, The transfer of real estate property of VLAVMQ pursuant to this seotion shall not affeet.the benefits'or damages for any improvement previously constructed by VLAWMO before dissolution. 'The real estate property affected shall remain liable for its proper share of any outstanding indebtedness of VLAWMO applying to the propq* before .the dissolution, and levies assessment for the indebtedness-eontinue in force until the debt is paid off. SECTION XI EFFECTIVE DATE Subdivision 1. Adoption of Agreement. This agreement shall be in fill force and effect upon the filing of a certified copy of the. resolution approving said agreement by:a11 six members. Said resolution shall be filed with the Chair of the ekist[tig VLAWMO who shall.notify all members in writing of its effective elate and shaltset the date for tho.uw. m.meoting to be conductcd under this amended mint Powers Agreement.. iN WTT'NESS WHEREOF, the undersigned governmental units, by action of their governin * bodies, have caused this agreement to be executed in accordance with the authority of Minnesota Statutes,. Sections 103B. 211 and 471.59, CITY OF -GEM LAKE By Dated / / Attest CITY OF LINO LADS By Mayor City Clerk 4767sxaH vnUs-i 13