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<br />. ;" 0.1/B2/2003 10: 139 <br /> <br />9706772348 <br /> <br />TOWN OF DOVE CREEK <br /> <br />PAGE 08 <br /> <br />'Bi' <br /> <br />~ l' . h:.. .....-~..,....~f.'.1..i., ........ -'~ '" . ~ <br /> <br />. . . than tvvo million dollars, The District ~hall :'Urnis~ <br />dolla~. with an. umbrella of not les~) hich demonstrates compliance with thiS section to <br />evidence from Its In5urance :;~~i~~ d~ument, upon request of the Town, The Town will <br />the Town attorney. as ~ e~n endenc of any claim or action against theT~. <br />provide notice to the DI~trl~ O:h~~istrictOf i'fs Franchise fights hereunder. The District . <br />arising out ~ the eX:':lse Y ens.e to appear and defend, or to assist In defense of. <br />wltl be permitted, at I\~ own exp · ~ <br />such cl8im. <br /> <br />Section 2 - EJ\vment olExoense5 <br /> <br />The DIstrict shall pay for all expenses relating ~o the pu~l1cation of notice. and <br />ordinances arising out of the process for obtafnlngthls Franct'IISft. <br /> <br />ARTICLE VII -- A~I~NMENT: SAVlNG CLAUSE: AMENOMEN1 <br /> <br />Section 1 u 6I'I~"ment <br /> <br />The District shall not transfer or assign any rights under this Franchise Ordinance <br />to a third party, except a reorganization of the District, unless the T~ approYfl suOh <br />transfer or assignment in writing. Town approval of the transfer or assignment shall not <br />be unreasonably withheld. <br /> <br />Section 2 - Sil'flnas Clause <br /> <br />If a court of competent jurledletlon declares Elny portion of this Franchise Ordinance <br />Illegal or void, the remainder of this Ordinan~ shall &urvive and not be 8ff~~ thereby. <br />In suct'l case, the partie; shall proceed with diligence to attempt to draft provISIOns that <br />wUI achieva the orlglnallntent. <br /> <br />Section 3 - elTlfi!ndrnent <br /> <br />This Franchise may be emended by a mutually agreed upon Town Ordlnanee. <br /> <br />ARTICLE VllI - ~PIRATION OF FRANCHISE; PURCHASE OR CO~ <br /> <br />The right ofthe Town to construct, purchase or condemn utility facillti.. and the <br />rights Of the District in connection therewith, IS provided pursuant to C.R.S. 531..15-707, <br />and the Con~titution of the State of Colorado. Article 14, Paragraph 13. are expressly <br />reeogni2ed. If, at the tlme of expiration of this Franchise no F~nchise eX'tenslon or <br />renewal has been negotiated between the Town and the District, or, if the Town allOW$ <br />another provider to establish a secondary Water Di$tribution system wtthln the 'town. the <br />Town shall purchase or condemn the Distribution System at the Remaining Balance PIU$ <br />Interest. Should the ~emalnlng Balance Plus Interest be zero or negative, the Town <br />shall not owe any money to the District and the District shall not owe any money to the <br />Town, <br /> <br />7 <br /> <br />oee.~ OIO/500'd i~.-! <br /> <br />uu..m.OH+ <br /> <br />ltl,l'Y-$ 'd/lI~S I:lJOjfHlJe "U.{tM-IICJ~ UlclWll zo-u.unr <br /> <br />,-,:-.,-- .......-.....'"":'-'". <br /> <br />...---. <br /> <br />~ ..~ <br />...~.;""'"'s,....~~,....,.. ..... . to.. .... <br />'k <br />