Res 1985-104 - Laserfiche WebLink

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-3- The City agrees to: 1. Develop and update standards and specifications for water utility system improvements in the City's extraterritorial jurisdiction, and deliver a copy of said standards and specifications to the Office of Maxwell and make timely inspections of the installation of such water utility system. 2. Develop with due diligence a utility Master Plan for areas in the City's affected extraterritorial jurisdiction that are now served by Maxwell or are later served by Maxwell. 3. Compensate Maxwell at the time of transfer for those facilities identified in Exhibit "B" as such facilities as such facilities are transferred to City ownership. Compensation, herein, shall not exceed the straight-line depreciated value of such facilities at the time of transfer. 4. Waive any and all right that it may have during the two ( 2) year period following annexation or until the transfer is completed, whichever comes first, to revenue from existing customers on the Maxwell water utility system which are to become a part of the system to be transferred to the City. 5. Provide Maxwell with written notification of its intent to annex and serve the areas wherein portions of Maxwell's systems are located. 6. Provide maintenance of all Maxwell lines to be transferred to the City's ownership within the two ( 2) year period following annexation or un.til transfer is complete, subject to a performance standard to be established, and perform such maintenance utilizing either the City's force or Maxwell's (in which case Maxwell would be compensated for direct cost incurred). Suggested performance standards: leaks on lines greater than or equal to three inches (3") diameter will be repaired within four (4) hours. 7. Remove from City tax rolls at the time of annexation all property to be acquired by City from Maxwell. Franchise tax amounts shall be adjusted to exclude areas to be transferred to City ownership following annexation. Alternatively, the City shall reimburse Maxwell in the amount of said taxes. 8. Negotiate with developers to pay for overages required by the City. (Overage is defined as the size of pipe, valves, hydrants, and other system improvements used to meet City's long-term needs in accordance with City's specifications and Master Plan requirements in excess of the size of pipe, valves, hydrants, and other system improvements which would have been used to meet the developer's and Maxwell's long-term need without expecting annexation to occur, in accordance with sound engineering practices.) 9. Not interfere with Maxwell's provision of services to its customers during the period of transfer. 10. Not charge additional water fees, other than deposits, to Maxwell's existing customers upon transfer to the City's system. 11. Cooperate with Maxwell's efforts to comply with any Public Utility Commission regulations during the course of accomplishing the subject transfer. 12. Accept Exhibit "A" as repesenting Maxwell's permanent utility system. 13. Accept Exhibit "B" as representing Maxwellos lines and facilities to be transferred to City for compensation.