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<br />I;. '.J <br /> <br />\..~J <br /> <br />completed until it completes repayment to the State, in at <br />least the following amounts: <br /> <br />a. For any injury to o~e~ ~ih:&:I~J"i~le <br />occurrenc':L, the ~~. . v r' "Iff Dollars <br />($S88,eSeT'l.sll,ooo DV~ <br /> <br />b: For any injury to two or mor~ ~n~!n~~ <br />slngle occuHence.\JfHnSu~ o'f ""6'0 u. 9a~orr.rrs <br />eU. 988, a8S ~a>.a>oD\l\l::"'-- ~"" <br /> <br />c. Eo'or any damage to property, the sum of Four <br />Hundred Thousand DOlla~~o., ~OO) to< oHIoO...b"Jt;:, <br />G"""'J[Eease."u,..t.e. J..j~ I I .D'l ~ <br /> <br />said..~}~ra~~l~'U~ rance sha~l name the.State <br />as a ~~ e ~;;'Of a certiflcate of sald <br />liability insurance must be filed with the State prior <br />to the start of the operation of the project system. <br />Such certificate shall be incorporated herein as part <br />of this contract. <br /> <br />8. Ma~e the services of said project available within its <br />capacity to all persons in the Contractor1s service area <br />without discrimination as to race. color. religion. or natural <br />origin at reasonable charges (including assessments, taxes. or <br />fees). whether for one or more classes of service, in <br />accordance with a schedule of such charges formally adopted by <br />the Contractor through its elected officers, as may be modified <br />from time to time. The initial rate schedule must be approved <br />in writing by the State. Thereafter, the Contractor may, <br />subject to the approval of the State. make such modifications <br />to the rate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system. including repayment of the State. <br />as long as the rate schedule remains reasonabl~ and <br />non-discriminatory. <br /> <br />9. Pursuant to its city charter. adjust its operating <br />costs and service charges and levy assessments from time to <br />time as necessary, upon written notice from the State, to <br />provide sufficient funds for adequate operation and <br />maintenance, emergency repair services. obsolescence reserves, <br />and debt reserves. and to assure repayment of the project loan <br />to the State as provided herein. <br /> <br />10. Pursuant to its city charter and to state statutes, the <br />Contractor shall take all necessary actions consistent <br />therewith to adopt an order or resolution authorizing the <br />Contractor to contract this loan debt. and to pay the <br />indebtedness. Such orders shall be attached hereto as Exhibit <br />C and included herein. The Contractor. through a vote of the <br />city council, shall also authorize the warranty deed security <br />interest required by the State in paragraph A,14. below. The <br />above conditions must be performed by the Contractor prior to <br />the State performance under this contract. <br /> <br />11. Pursuant to its city charter and to state statutes, the <br />Contractor, through its city council. shall take all necessary <br />actions consistent therewith to fix utility rates to raise <br />sufficient funds to pay this contract loan debt in a timely <br />manner and as required by the terms and conditions herein to <br />assure repayment of the project loan to the State. In the <br />event that the utility rates levied by the Contractor, or the <br />revenues reSUlting therefrom, are or become insufficient to <br />assure repayment to the State as required by the terms and <br />conditions herein. then the Contractor. upon written notice <br />thereof from the State, shall immediately take all necessary <br />action consistent with its city charter, inCluding but not <br />. limited to the levying of taxes. to raise sufficient revenue to <br />assure repayment of the project loan to the State. <br /> <br />Page 1 of 10 Pages <br /> <br />( <br />"0/ <br /> <br />'--' <br /> <br />.'....:,v....:. <br />.,,:',;'::...., <br /> <br />::_:~:;::~~:r- <br /> <br />.:;...\<..:~'_.-. <br /> <br />I <br /> <br />