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effective at the end of that calendar year; and membership shall continue until the effective date <br />of the withdrawal. Prior to the effective date of withdrawal, a notice of withdrawal may be <br />rescinded at-ant-time-by October 15 by a Member. If a Member withdraws before dissolution of <br />the commission, the Member shall have no claim against the assets of the Commission. A <br />Member withdrawing after October 15 shall be obligated to pay its entire contribution for the <br />ensuing year as outlined in the budget of the Commission for the ensuing year. <br />Section 3. Should any Member withdraw from the Commission, ns-ofthe-date-ofany- <br />renewaFof=the Gable Television-grafi =lrise-Ordinance,-or-in-any-yettmhereafter; the withdrawing <br />member shall assume the responsibilities for ee mauttity-PEG access cable television channels <br />and programming within and for the geographic boundaries of the withdrawing municipality as <br />described in Article VIII, section-1-31 I, herein. I ori-the-ycar-foNew-ing-wit4xlrtrsval-pttrsuttrtk-te- <br />Nail-section -tnd-so-larrg-as-the44e:etutle n rims#erring-Co mm n ity Televisien-Ptiogiittnoniitg- <br />Re&ponsNatlities" is effective; t'he-witbdfntving-nate+aieipnlity-slattlf-teeeive-front-Nae-Coinntissitan-ttt <br />the-time-of-reeeipt-by-Nac (ofnoitssion-o-i'-the-quarterly-prob animing-monies-fritrn- he-ettble- <br />eotatptt j4tia ancon-e- money-equal-tri-the tvithttrawing-intt+aicipttlity-a pre-stat-statue-trfthes- <br />tfttarterl-y-pregf+nnn g-+ponies. l'ro-caur-shnN-meawthaty3ereenfittge-wlateh-the-mu+eiei{aal ty-weal<l. <br />have-had-ol-the-toutl-votes-of-the-Gen-i-misston,-lrtxl-all-ten-mo+tieii>atitie temai+iedkinenbees-of- <br />the-Gotnmssiotr.-Additionauythe-withch twi+ag-municipality shtdfreeei-ve-n-pro rautt;httreof any- <br />pe-kret-of-Nie-$6,50;000-payment-ntacie-to-the-Gotmtmiseion-wl ieh-the-Ciarnut+ssniu-has-not <br />speci-lieal4y-ctesignated-fer-the repair or-replac-enrent-oilegquigtnel*orkse4Gtics. <br />Section 4. In the event of dissolution, the Commission shall determine the measures <br />necessary to affect the dissolution and shall provide for the taking of such measures as promptly <br />as circumstances permit, subject to the provisions of this Agreement. Upon dissolution of the <br />commission, all remaining assets of the Commission, after payment ol'obligations, shall be <br />distributed among the then existing Members in proportion to the most recent Member-by- <br />Member breakdown of the franchise fee as reported by the Grantee. The Commission shall <br />continue to exist after dissolution for such period, no longer than six months, as is necessary to <br />wind up its affairs but for no other purpose. A-fee--disselut+on,'tN initial-Members ofthe- <br />Gennnissiotrshalkreeetve-theitr-pre rata situ-e-el=airy-ctuafter-Huanua!-and-lump-stun-pttjane t - <br />rnadeby-the eibtecompanyttiiisutn t-tee A-lbesolution- ransferrbig-C>nnmunity-Television- <br />14agrttrnntin- l esponsibttties.° <br />8 <br />11 <br />2015 Final - Redline Version <br />