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(b) The following procedures apply in amending any of the items set forth in paragraph (a) above: 1. The Party initiating the proposed amendment shall be the "Initiating Party". The rest of the Parties and SWG shall be the "Reviewing Parties". Before officially considering an amendment and prior to submitting such amendment to the Department of Community Affairs, if required, the Initiating Party shall transmit to the Reviewing Parties a memorandum outlining the proposed amendment, including a narrative describing the purpose of the amendment and a statement regarding the impact of the proposed amendment on the applicable Comprehensive Plan(s) and other elements of school concurrency addressed by this Agreement. The memorandum must also include all data and analysis supporting the proposed amendment. 3. Within thirty (30) days of its receipt of the proposed amendment, the SWG shall provide any written comments or objections to the Initiating Party. Within sixty (60) days of its receipt of the proposed amendment, each of the Reviewing Parties shall provide any written comments or objections to the Initiating Parry. Each of the Reviewing Parties shall indicate whether it approves of the proposed amendment or, it does not, the reasons for withholding its approval. Failure to object within the above deadlines shall be treated as approval of the amendments. 4. Where the approval of all the Parties is not obtained as provided above, no proposed amendment will be adopted unless and until the dispute is resolved through the dispute resolution process set forth in this Agreement. Once a proposed amendment has the approval of all of the Parties, or is submitted to dispute resolution under Section 16 herein and is resolved as provided therein, the Initiating Party shall give the Reviewing Parties written notice of that event. Within 90 days after receipt of the notice (or, as to Comprehensive Plan amendments and with the consent of the School Board and other affected Parties, at the next round of such amendments), the applicable Parties will make such changes to the Public School Facilities Components (including formal changes to the School District Five -Year Facilities Work Program, the School District Capital Improvements Schedule, this Agreement, and/or the Comprehensive Plan) and/or to the Land Development Regulations as are required by law or are otherwise necessary to effectuate the amendment. 12.3 Unilateral School Board Amendments (a) The School Board may amend the School District Five -Year Facilities Work Program and the School District Capital Improvements Schedule as to any matter covered by the School Board Prerogatives under Section 5.2 hereof as part of the annual update without the consent or comment of any other Party but otherwise in accordance with the Timeline Schedule (Exhibit A). (b) In the alternative, the School Board may make such amendments, as provided in Section 5.2, outside the annual update process mandated by statute and without the consent or comment of any other Party, but only upon giving to SWG at least 15 days written notice of the amendment before it becomes effective. Once the amendment becomes effective, the School District shall give the Local Governments written notice of that event. Within 90 days after receipt of the notice (or, as to Comprehensive Plan amendments and with the consent of the School Board and other affected Parties, at the next round of such amendments), the applicable Local Governments shall make such changes to the Public School Facilities Components (including formal changes to the School District Five -Year Facilities Work Program, the FtCommunity DevelopmendUserstLONG RANGE\CompPlan AmendmentsTublic Schools\Updates%ILATINAL IRC Interlocal Ayreemem - January 31, 2008.doc 20