Resolution 2015-21 - Needs Fully Executed Agreement

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II. TERM a. Term. The term of this Agreement begins on the date of the last signature affixed hereon and shall continue for a period of three years until May 1, 2018 ( "Initial Term "); provided however that this Agreement shall further remain in effect during the period necessary to complete all eligible activities funded during the term of the State Agreement, and any extensions of the State Agreement. Except as provided in paragraph II.b., Collaborative members are prohibited from withdrawing from the Agreement during this Initial Term. This Agreement shall automatically be renewed for one year periods if necessary to comply with the State Agreement and to ensure the Collaborative's participation in successive funding periods (Round 3 and/or succeeding or additional funding Rounds with funding made available and agreed on to pursue or accept by the Collaborative) from the State. The Lead Agency shall notify each Participating Government in writing of its right to decide not to participate in the Collaborative for the next funding period. If a Participating Government decides not to participate in the Collaborative for the next funding period, the Participating Government shall notify the Lead Agency within 30 days after the date of the Lead Agency's notification. If a Participating Government fails to notify the Lead Agency that it is withdrawing from the Collaborative, the Participating Government shall be deemed to have consented to the renewal of this Agreement. The automatic renewal of the Agreement will not be binding upon a Collaborative member if the Lead Agency fails to notify a Collaborative member as required under this automatic renewal provision. The Lead Agency shall provide a minimum of thirty (30) days advance written notice to each Participating Government of any new funding periods. Notice shall be sent by the Lead Agency to the following: Commissioners' Deputy Boulder County Commissioners PO Box 471 Boulder, CO 80306 Town Administrator Town of Lyons PO Box 49 432 5th Ave Lyons, CO 80540 City Manager City of Boulder PO Box 791 Boulder, CO 80306 Mayor Town of Jamestown POBox298 Jamestown, CO 80455 Planning and Building Director City of Lafayette 1290 S. Public Rd. Lafayette, CO 80026 Town Administrator Town of Nederland 45 W. 1st St., PO Box 396 Nederland, CO 80466 Deputy City Manager City of Louisville 749 Main Street Louisville, CO 80027 Housing and Community Investment Manager City of Longmont 350 Kimbark St. Longmont, CO 80501 G: \COUNCIL \City Council Packets\2015\2015 04 21\2015 04 21 CDBG -DR IGA RES- 02.doc 92