Capital Asset Control. In each Contract Year, the Operator shall conduct an audit of the Capital Improvements made in the prior Contract Year to measure the accuracy of the plant records, maps and maintenance databases concerning capital assets, which shall be made available to the District within a reasonable amount of time after the audit is conducted. From time to time, the Operator shall conduct a physical inventory of all capital assets. After first notifying the District, vehicles and equipment may be purchased or leased in the name of District and title to purchased vehicles and equipment may be issued in the District’s name at the request of the Operator. In the event vehicles or other equipment are acquired in the name of the District, the Operator shall forward all title documents to the District within thirty (30) days after they are received by the Operator.
Appears in 4 contracts
Samples: Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement, Construction, Operating and Cooperative Endeavor Agreement
