INSTALLATION AND OWNERSHIP OF DISTRIBUTION MAINS Sample Clauses

INSTALLATION AND OWNERSHIP OF DISTRIBUTION MAINS. 10.01 Upon MUNICIPALITY’S execution of the Asset Transfer Agreement, the form of which is attached to this Agreement, PURVEYOR shall own the existing Distribution System presently owned by MUNICIPALITY. Upon such transfer, PURVEYOR shall have the obligation to perform at its cost all Capital Improvements relating to the existing Distribution System. PURVEYOR in its sole discretion shall determine the schedule of Capital Improvements, based upon criteria such as break history, water quality, fire flow information, street construction projects, and the recommendation for approval of such schedule by the Suburban Water Council of Governments. PURVEYOR shall use best efforts to expend an average of Ten Million Dollars per year toward suburban system-wide Capital Improvements. PURVEYOR will provide to the Suburban Water Council of Governments an annual report identifying the funds expended on Capital Improvement projects in the prior year.
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Related to INSTALLATION AND OWNERSHIP OF DISTRIBUTION MAINS

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