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i <br /> out" and terminate this Agreement at least ( 30) days prior to <br /> the "opt out" date. <br /> Notwithstanding any other provision of this Agreement, this <br /> Agreement shall be terminated at the end of any program year- <br /> during .which HUD withdraws its designation of Ramsey County as <br /> 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 copy of <br /> the authorizing resolution and executed Agreement shall be filed <br /> promptly by the Municipality in the office of the Ramsey County <br /> Executive Director, and in no event shall the Agreement be filed <br /> later than August 31, 1988 . <br /> IV. METHOD <br /> • The Municipality and County hereby agree that they will _ <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. The <br /> County shall prepare and submit to HUD and appropriate reviewing <br /> agencies, all necessary applications for a basic grant amount <br /> under the Act. In making the application, the County shall <br /> address the goals and needs of County as developed in meetings <br /> between the Municipality, its citizens and the County, and also <br /> addressing the Act and other relevant Minnesota and/or Federal <br /> statutes or regulations. The parties agree to cooperate fully in <br /> establishing priorities and in preparation of the application <br /> for a basic grant amount. Municipality and County agree that the <br /> • County shall establish a reasonable time schedule for the <br /> 4 <br />