(A) The Council shall continue until it is desired by either party to have it terminated.
(B) (1) The Council may be terminated when either the City Council or the County Commissioners desire such termination. Such statement of desired termination shall be in the form of an ordinance by the City Council or a resolution by the County Commissioners and must be passed at least 90 days before the end of the following June. If the ordinance or resolution passes, the Council shall be terminated on the last day of June.
(2) In the event of termination, any real estate owned by the Council at that time shall become the property of the city. Any other property shall be sold and the proceeds divided between the federal, state, and local governments in proportion to their share of financial support during the previous two years.
(Ord. 5021, passed 12-8-80)