Transfer of City Sewer System and Other Assets to the PUD and Assumption of City Indebtedness Sample Clauses

Transfer of City Sewer System and Other Assets to the PUD and Assumption of City Indebtedness. The City Council has determined that it is in the public interest and conducive to the public health, safety, welfare and convenience to transfer to the PUD all property, assets, indebtedness and obligations of the City Sewer System, including the sewer system itself. The PUD Board of Commissioners has determined that it is willing to accept ownership of all of the property and assets of the City Sewer System, including the sewer system itself, and to assume and pay in accordance with their terms all the indebtedness of the City Sewer System. The principal City Sewer System assets, indebtedness known to the City Council are shown on Attachment C and Attachment D attached hereto and made a part hereof. The PUD will provide wastewater collection and treatment to existing customers in the City limits and in areas presently served outside of the City in unincorporated Asotin County, as shown in Attachment A, and will assume any and all obligations of the City for treatment. The PUD shall serve those seeking to connect to the PUD sewer system within the City limits in accordance with requirements applicable to existing customers and shall provide wastewater collection and treatment to those seeking service within other unincorporated areas of Asotin County consistent with applicable planning, capacity and regulatory requirements.
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Related to Transfer of City Sewer System and Other Assets to the PUD and Assumption of City Indebtedness

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