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II. PURPOSE <br />Municipality and Cou.^.c1 "3;�e ".etermined that it is desirable <br />and in the interests of its citizens that he County qualif' <br />as an urban wunLy within the pr^"ieione of the Act. This <br />Agreement contemplates that identical agreemects will De <br />execute) 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 />oieck grants as authorized in U'r Aci ar,d the Regulatin^s- <br />III. TERM OF AGREEMENT <br />The term of tnis Agreement is for a period commencing on the <br />effective day of August 30, 1985, and terminating no sooner than <br />the end of the third program year covered by the application for <br />tPe basic grant amoon, approved subsequent to the effective <br />date. This Agreement is extended autasatiCally fur edc:' <br />subsequent three—year program period ur.lesu written notice of <br />Lc cffectire at the end of the current three year <br />is gi�,vn by Municipality to County following the <br />program period <br />scneduie as the 'opt out' notification requirements as <br />same <br />escablis[,ed by Nuu. The County shall mrnvids written <br />notification to Municipality of Municipality's right to 'opt <br />out' and terminate this Agreement at least (30) days prior to <br />� <br />, <br />s <br />