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June 17, 2009 <br /> commonly accepted methods of valuation. If two (2) or more participating <br /> jurisdictions desire an asset, the final decision shall be made by arbitration <br /> (described below). Any property not claimed shall be declared surplus by the <br /> Board and disposed of pursuant to state law for the disposition of surplus <br /> property. The proceeds from the sale or disposition of any VNET property, after <br /> .payment of any and all costs of sale or debts of the agency, shall be equally <br /> distributed to those jurisdictions participating in the VNET at the time of <br /> dissolution. In the event that one (1) or more jurisdictions terminate their <br /> participation in the VNET, but the VNET continues to exist, the jurisdiction <br /> terminating participation shall be deemed to have waived any right or title to any <br /> property owned by the VNET or to share in the proceeds at the time of <br /> dissolution. <br /> Arbitration pursuant to this section shall occur as follows: <br /> a. The jurisdictions interested in an asset shall select one (1) person <br /> (Arbitrator) to determine which agency will receive the property. if the <br /> jurisdictions cannot agree. to an Arbitrator, the chiefs of the jurisdictions <br /> participating in the VNET upon dissolution shall meet to determine who <br /> the Arbitrator will be. The Arbitrator may be any person not employed <br /> by the jurisdictions that desire the property. <br /> b. During a meeting with the Arbitrator, each jurisdiction interested in the <br /> property shall be permitted to make an oral and /or written presentation <br /> to the Arbitrator in support of its position. <br /> C. At the conclusion of the presentation, the Arbitrator shall determine <br /> which jurisdiction is to receive the property. The decision of the <br /> Arbitrator shall be final and shall not be the subject of appeal or <br /> review. <br /> XIV. LIABILITY, HOLD HARMLESS, AND INDEMNIFICATION <br /> It is the intent of the participating jurisdictions to provide services of the <br /> VNET without the threat of being subject to liability to one another and to fully <br /> cooperate in the defense of any claims or lawsuits arising out of or connected <br /> with VNET actions that are brought against the jurisdictions. To this end, the <br /> participating jurisdictions agree to equally share responsibility and liability for the <br /> acts or omissions of their participating personnel when acting in furtherance of <br /> this Agreement. In the event that an action is brought against any of the <br /> participating jurisdictions, each jurisdiction shall be responsible for an equal <br /> share of any award for or settlement of claims of damages, fines, fees, or costs, <br /> regardless of which jurisdiction or employee the action is taken against or which <br /> jurisdiction or employee is ultimately responsible for the conduct. The <br /> jurisdictions shall share equally regardless of the number of jurisdictions named <br /> in the lawsuit or claim or the number of officers from each jurisdiction named in <br /> the lawsuit or claim. This section shall be subject to the conditions and <br /> limitations set forth in subsections A through G below. <br /> A. Jurisdiction Not Involved In VNET Response. In the event that a <br /> jurisdiction or its personnel were not involved in the VNET response to <br /> the incident that gives rise to a claim or lawsuit, and judgment on the <br /> claim or lawsuit does not, in any manner, implicate the acts of a particular <br /> Valley Narcotics Enforcement Team Interlocal Agreement 5 <br />