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PROJC00977
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PROJC00977
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Last modified
11/19/2009 11:25:28 AM
Creation date
10/6/2006 12:16:32 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153366
Contractor Name
Ridges Metropolitan District
Contract Type
Loan
Water District
72
County
Mesa
Bill Number
SB 81-439
Loan Projects - Doc Type
Contract Documents
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<br />,,, (~, 1 ( <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />- 13 - <br /> <br />4. If the District should obtain or receive any <br />property, cash, or other assets after the annexa~ion date from any <br />source whatsoever, other than those identified in this Plan and <br />Agreement, the District shall convey such assets to the city. The <br />City shall sell any such assets which are not needed to comply <br />with its obligations under this Plan and Agreement, and shall hold <br />and apply the net proceeds and any cash received in the manner <br />provided in Paragraph 3.F., above. <br /> <br />5. Prior to any dissolution election ordered by <br />the District Court in the dissolution action, this plan and <br />Agreement can be amended by the mutual agreement of the Board and <br />the City Council. After the holding of a dissolution election, <br />this Plan and Agreement can only be amended with the approval of <br />the City Council and with the approval of the District Court judge <br />in the dissolution proceeding, after a hearing held with notice to <br />the residents of the District given in such manner as the judge <br />deems appropriate. <br /> <br />6. Any bonds, tiling fees, or other fees required <br />by statute or ordinance to be deposited or paid in connection with <br />-the dissolution or annexation of the District. shall be deposited <br />or paid by the City. <br /> <br />7. Nothing in this Plan and Agreement shall be <br />construed to mean that the City Council must continue the levels <br />and types of services to the residents of the District in the <br />identical manner and to the identical extent as is presently <br />provided or as is provided for herein. Not withstanding the <br />provisions of this agreement, after dissolution, the City will <br />provide the residents of the District the same munic~pal services <br />on the same general terms and conditions as residents in the rest <br />of the eity receive. <br /> <br />shall be the <br />by the Board <br /> <br />8. <br />later <br />or by <br /> <br />The effective date of this Plan and Agreement <br />of the date this Plan and Agreement is approved <br />the City Council. <br /> <br />This Plan and Agreement shall be binding upon <br />the parties as of the effective date, provided, however, that this <br />Plan and Agreement shall be void and of no force and effect, and <br />the dissolution action shall be dismissed, upon the occurrence of <br />any of the following: <br /> <br />a. The District Court dismisses the petition <br />for dissolution filed in the dissolution action or otherwise does <br />not order a dissolution election; <br /> <br />b. The District's electors do not approve <br />the dissolution of the District in accordance with the Plan and <br />Agreement at an election called for such purpose; <br /> <br />-rlllc. <br />
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