Section 774. Proposed dissolution plan

1. The governing body of a local
  government entity may, by resolution,  endorse  a  proposed  dissolution
  plan  for  the  purpose of commencing dissolution proceedings under this
  article.
    2. The proposed dissolution plan shall specify:
    (a) the name of the local government entity to be dissolved;
    (b) the territorial boundaries of the entity;
    (c) the type and/or class of the entity;
    (d) a fiscal estimate of the cost of dissolution;
    (e) any plan for the transfer or elimination of public employees;
    (f) the entity's  assets,  including  but  not  limited  to  real  and
  personal  property,  and  the fair value thereof in current money of the
  United States;
    (g) the entity's liabilities and indebtedness, bonded  and  otherwise,
  and the fair value thereof in current money of the United States;
    (h)  any  agreements  entered into with the town or towns in which the
  entity is situated in order to carry out the dissolution;
    (i) the manner and means by which the residents  of  the  entity  will
  continue  to  be  furnished  municipal  services  following the entity's
  dissolution;
    (j)  terms  for  the  disposition  of  the  entity's  assets  and  the
  disposition  of its liabilities and indebtedness, including the levy and
  collection of the necessary taxes and assessments therefor;
    (k) findings as to  whether  any  local  laws,  ordinances,  rules  or
  regulations  of  the  entity  shall remain in effect after the effective
  date of the dissolution or shall remain in effect for a period  of  time
  other  than  as  provided  by  section seven hundred eighty-nine of this
  title;
    (l) the effective date of the proposed dissolution;
    (m) the time and place or places for a public hearing or  hearings  on
  the   proposed  dissolution  plan  pursuant  to  section  seven  hundred
  seventy-six of this title; and
    (n)  any  other  matter  desirable  or  necessary  to  carry  out  the
  dissolution.
    * NB Effective March 21, 2010