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II. .PURPOSE <br />Municipality and County have determined that it is desirable <br />and in the interests of its citizens that the County qualifies <br />as an urban county within the provisions of the Act. This <br />Agreement contemplates that identical agreements will be <br />executed between the County and other cities and towns in Ramsey - <br />County and such numbers will enable the County to so qualify <br />under the Act. <br />The purpose of this Agreement is to authorize the County to <br />cooperate with the Municipality in undertaking, or assist in <br />undertaking, essential community renewal and lower income <br />housing assistance activities, specifically urban renewal and <br />publicly assisted housing pursuant to community development <br />block grants as authorized in the Act and the Regulations. <br />III. TERM OF AGREEMENT <br />The term of this Agreement is for a period commencing on the <br />effective day of , and terminating no sooner <br />than the end of the third program year covered by the <br />application for the basic grant amount approved subsequent to <br />the effective date. This Agreement is extended automatically <br />for each subsequent three -year program period unless written <br />notice of termination to be effective at the end of the current <br />three year program period is given by Municipality to County <br />following the same schedule as the "opt out" notification <br />requirements as established by HUD. The County shall provide <br />written notification to Municipality of Municipality's right to <br />"opt out" and terminate this Agreement at least (30) days prior <br />3 <br />11 <br />