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35 <br />Article VIII <br />Dissolution <br />Any Member may petition the Commission to dissolve the Organization. Upon thirty days advance <br />written notice to each Member, the Commission shall hold a hearing to consider dissolution of the <br />Organization. If a majority of the Commission votes in favor of dissolution, the Commission shall <br />submit a resolution for dissolution of the Organization for consideration by each Member's <br />Council, the board of each affected County and the Minnesota Board of Water and Soil Resources. <br />Each governmental unit shall have 90 days in which to consider dissolution of the Organization. If, <br />within 90 days of the date the notice was given, a majority of Members' Councils has ratified said <br />resolution; then the Organization shall be dissolved and this Agreement shall be terminated. <br />Upon dissolution, the Organization shall complete all work in progress and dispose of all property. <br />All property of the Organization shall be sold and the proceeds thereof, together with <br />ffieffey-smonies on hand, shall be distributed to the eligible Members of the Commission as <br />follows: assets shall be apportioned and <br />distributed to eaeh Mo..A* in the percentage of the tax levy within the jurisdiction of each <br />Member received by whieh the Member contributed to the Or-ganization under- the last anffual <br />budget; assets der-ived from the ad valor-ei:n levy shall be appeftiened md distfib4ed en an asset by <br />asset the Organization in the preceding full calendar year. <br />17 <br />247575vS6 CLL MD160-1 <br />