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<br />1 WILL BE SUFFICIENT FOR THE PAYMENT OF THE FINANCIAL OBLIGATIONS <br /> <br /> <br />2 AND OUTSTANDING BONDS AND ALL EXPENSES RELATING THERETO, <br /> <br /> <br />3 INCLUDING CHARGES OF ANY ESCROW AGENT; OR <br /> <br /> <br />4 (c) A PLAN FOR DISSOLUTION STATING THAT THERE ARE FINANCIAL <br /> <br /> <br />5 OBLIGATIONS OR OUTSTANDING BONDS AND SPECIFICALLY PROVIDING <br /> <br /> <br />6 THAT THE DISTRICT WILL CONTINUE IN EXISTENCE TO SUCH EXTENT AS IS <br /> <br /> <br />7 NECESSARY TO ADEQUATELY PROVIDE FOR THE PAYMENT OF SUCH <br /> <br />8 FINANCIAL OBLIGATIONS AND OUTSTANDING BONDS. <br /> <br /> <br />9 (4) THE PETITION FOR DISSOLUTION SHALL ALSO PROVIDE FOR ONE <br /> <br /> <br />10 OF THE FOLLOWING: <br /> <br /> <br />11 (a) A STATEMENT THAT THE SERVICES OF THE DISTRICT WILL NOT <br /> <br /> <br />12 BE CONTINUED WITHIN THE DISTRICT; OR <br /> <br /> <br />13 (b) (I) A PLAN FOR DISSOLUTION SPECIFICALLY PROVIDING THAT <br /> <br /> <br />14 SERVICES ARE TO BE CONTINUED WITHIN THE DISTRICT BY ONE OR MORE <br /> <br />15 REGIONAL SERVICE AUTHORITIES, MUNICIPALITIES, COUNTIES, <br /> <br /> <br />16 INTERGOVERNMENT ALAUTHORITIES FORMED AND OPERATED UNDERPART <br /> <br /> <br />17 2 OF ARTICLE 1 OF TITLE 29, C.R.S., OR OTHER DISTRICTS, OR ANY <br /> <br /> <br />18 COMBINATION THEREOF, AND INCORPORATING AN AGREEMENT WITH SUCH <br /> <br /> <br />19 REGIONAL SERVICE AUTHORITY, MUNICIPALITY, COUNTY, <br /> <br /> <br />20 INTERGOVERNMENTAL AUTHORITY, OR OTHER DISTRICT, OR ANY <br /> <br />21 COMBINATION THEREOF, UNDER WHICH RESPONSIBILITY FOR ALL SERVICES <br /> <br /> <br />22 PRESENTLY PROVIDED BY THE DISTRICT WILL BE ASSUMED BY SUCH <br /> <br /> <br />23 ENTITY. SUCH AGREEMENT SHALL PROVIDE FOR THE OPERATION AND <br /> <br /> <br />24 MAINTENANCE OF THE SYSTEM OR FACILITIES OF THE DISTRICT BY THE <br /> <br /> <br />25 REGIONAL SERVICE AUTHORITY, MUNICIPALITY, COUNTY, <br /> <br /> <br />26 INTERGOVERNMENTAL AUTHORITY, OR OTHER DISTRICT, PROVISIONS FOR <br /> <br />27 SERVICE, RATES, AND CHARGES, AND, IF APPLICABLE, PROVISIONS <br /> <br />.58- <br /> <br />SB04-232 <br />