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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 October 10, 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 />