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(, ._) f . . - 11 - G. Contracts of the District. The contracts to which the District is a party are listed on Exhibit "District Contracts", and are hereafter referred to as the District contracts. Copies of all of the District contracts have been provided to the city by the District. These contracts shall not be assigned to the city, but shall remain in the na~e of the District. However, the City agrees that the City eouncil, acting as the Board of Directors of the District, shall cause the District to fully perform all o~ the District's obligations under the District contracts. The city, on behalf of the District, may terminate any of the District contracts pursuant to the terms of those contracts. H. Employees of the District. 1. The City wi~l offer employment to the follow- ing District employee who is employed by the District on the ef- fective date of this Plan and Aqreement: Leonard M. Speakman. This employee meets the minimum City qualifications. The City will offer this employee a position similar to the position he now holds with the District, with a starting date of the annexation date. .As a City employee, he will be subject to the City'S --personnel policies and will receive benefits as do other classi- fied employees of the eity. The job classification and pay of such employees within the eity system will be in accordance with the duties and respon$ibilities assigned, but in any case will be essentially equivalent to the duties and pay he currently receives as an employee of the District. Said employee shall be treated as having been terminated in the District and as a new employee by the city. 2. The employment of all of the District's em- ployees will be terminated on the annexation date. Benefits will be paid to these employees in accordance with the policies adopted by the Board, a copy of which is attached hereto as txhibit "District Benefits". I. Other Leaal Liabilities of the District. The Dis- trict represents that as of the date it approved this Plan and Agreement, no notices of claim had been filed against the District or any of its employees under the Colorado Governmental Immunity Act, C.R.S. 24-10-101 et sea. The City will cause an independent audit of the District's books, finances, and affairs to be per- formed at the District's expense once the District's electors have approved this Plan and Agreement in order to be certain that the fiscal and other assumptions are valid. J. Dissolution of the Directors will continue in office the District, consistent with the ment, until the annexation date. District. The elected Board of and will manage the affairs of terms of this Plan and Agree- On and after the annexation .IllId