Withdrawal or Termination. Any participating party may withdraw from the Cooperative established by this Agreement and thereby terminate its rights and responsibilities under this Agreement. Written notice of the withdrawal and termination shall be given to the Governing Board 60 days prior to the effective date. Any funds received by the withdrawing party will be pro-rated to the termination date and a refund will be made by the withdrawing party to the Cooperative. Distribution of the refund will be made to the remaining cities in accordance with the funding formula.
Appears in 4 contracts
Samples: County Library Cooperative Interlocal Agreement, County Library Cooperative Interlocal Agreement, www.lakelandgov.net
