Common use of Dissolution of Limited District Clause in Contracts

Dissolution of Limited District. The City may dissolve the limited district by ordinance at any time after 95% Build Out. Upon dissolution the city shall (1) take over all the property and other assets of the limited district, (2) assume all the debts, liabilities, and obligations of the limited district, and (3) perform all functions of the limited district, including the provision of services.

Appears in 4 contracts

Samples: Strategic Partnership Agreement, Strategic Partnership Agreement, Strategic Partnership Agreement

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