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program year covered by the application for the basic grant amount approved <br />subsequent to the effective date. This Agreement is extended automatically <br />for each subsequent three -year program period unless written notice of <br />termination to be effective at the end of the current three year program <br />period is given by Municipality to County following the same schedule as the <br />"opt out" notification requirements as established by HUD. The County shall <br />provide written notification to Municipality of Municipality's right to "opt <br />out" and terminate this Agreement at least (30) days prior to the "opt out" <br />date. <br />Notwithstanding any other provision of this Agreement, this Agreement <br />shall be terminated at the end of any program year during which HUD withdraws <br />its designation of Ramsey County as an Urban County under the Act. <br />This Agreement shall be executed by the appropriate officers of <br />Municipality and County pursuant to authority granted them by their respective <br />governing bodies, and a copy of the authorizing resolution and executed <br />Agreement shall be filed promptly by the Municipality in the office of the <br />Ramsey County Executive Director, and in no event shall the Agreement be filed <br />later than August 15, 1991. <br />IV. METHOD <br />The Municipality and County hereby agree that they will cooperate to <br />undertake or assist in undertaking, community renewal and lower income housing <br />assistance activities, specifically urban renewal and publicly assisted <br />housing. The County shall prepare and submit to HUD and appropriate reviewing <br />agencies, all necessary applications for a basic grant amount under the Act. <br />In making the application, the County shall address the goals and needs of <br />4 <br />Page 75 <br />