Res 1986-095B - Laserfiche WebLink

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transferred), pole attachment rental, railway crossing rentals, etc., and all miscellaneous prepayments. 7.03 LCRA shall prorate with CITY as of the Closing Date the amount of prepayments received by LCRA under agreements or obligations assumed by CITY hereunder. 7.04 On, or as soon as possible after, the Closing Date, LCRA shall refund customer deposits and accrued and unpaid interest on such refundable customer deposits to its former LCRA customers in the San Marcos District Electric Distribution System. CITY will formulate its own policy for customer deposits and any refund of the deposits to be made under any CITY policy. 7.05 LCRA shall afford CITY, or an independent certified public accountant designated by CITY, reasonable opportunity to review the books and records of LCRA so as to permit CITY, at its own expense, to confirm the accuracy of any amount required to be paid by LCRA under this Agreement. LCRA and CITY shall cooperate in order to complete this review five (5) days prior to Closing. 7.06 The Closing of the purchase and conveyance and assignment contemplated by this Agreement shall take place at LCRA's offices in Austin, Texas, or at such other place as may be mutually agreed upon by the Parties, on or before August 28, 1986; provided, however, the date for Closing shall be subject to extension as provided in Sections 9.01 and 14.09 of this Ag reement. 7.07 The obligation of LCRA to make the conveyances required pursuant to Articles II and VI of this Agreement is subject to the 12.