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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I III. TERM OF AGREEMENT <br /> <br /> The term of this Agreement is for a period commencing <br />I on the effective day of October 1, 1981, and terminating no <br /> sooner than the end of the third program year covered by the <br /> I application for the basic grant amount approved subsequent <br /> to the effective date. This Agreement is extended auto- <br /> I matically for each subsequent three-year program period <br /> unless written notice of termination to be effective at the <br /> end of the current three year program period is given by <br />I Municipality to County following the same schedule as the <br /> "opt out" notification requirements a~ established by HUD. <br />I The County shall provide written notification to Munici- <br /> pality of Municipality's right to "opt out" and terminate <br /> I this Agreement at least thirty (30) days prior to the <br /> out" date. <br /> <br /> I Notwithstanding any other provision of this Agreement, <br /> this Agreement shall be terminated at the end of any program <br /> year during which HUD withdraws its designation of Anoka <br />I County as an Urban County under the Act. <br /> This Agreement shall be executed by the appropriate <br /> officers of Municipality and County pursuant to authority' <br /> granted them by their respective governing bodies, and a <br /> copy of the authorizing resolution and executed Agreement <br /> shall be filed promptly by the Municipality in the office of <br /> the Anoka County Administrator, and in no event shall the <br /> Agreement be filed later than OctOber 31, 1981. <br /> <br /> IV. METHOD <br /> <br /> The Municipality and county hereby agree that they wiil <br /> cooperate to undertake or assist in undertaking, community <br /> renewal and lower income housing assistance activities, <br /> specifically urban renewal and publicly assisted housing..:": <br /> The County shall prepare and submit to HUD and appropriate <br /> reviewing agencies, all necessary applications for a basic <br /> grant amount under the Act. In making the application, the <br /> <br />-3- <br /> <br /> <br />