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Urban Development. <br /> D• "Cooperating Community" means any city or town in Ramsey <br /> County which has entered into a cooperation agreement which <br /> is identical to this Agreement. <br /> The regulations contained in 42 USC 5302 of the Act and 24 CFR 570.3 of <br /> the Regulations are incorporated herein by reference and made a part hereof. <br /> II. PURPOSE <br /> Municipality and County have determined that it is desirable and in the <br /> interests of its citizens that the County qualifies as an urban county within <br /> the provisions of the Act. This Agreement contemplates that identical <br /> • agreements will be executed between the County and other cities and towns in <br /> Ramsey County and such numbers will enable the County to so qualify under the <br /> Act. <br /> The purpose of this Agreement is to authorize the County to cooperate <br /> with the Municipality in undertaking, or assist in undertaking, essential <br /> community renewal and lower income housing assistance activities, specifically <br /> urban renewal and 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 effective <br /> day of August 31, 1991, and terminating no sooner than the end of the third <br /> 3 <br />