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capacity desired by each Party, and the respective funding requirements of <br />each Party. <br />(2) Plant and Carrizo Facilities Operation and Maintenance <br />The City shall be responsible for the operation and maintenance of the Plant <br />and the Carrizo Facilities pursuant to the terms and conditions of this Agreement. <br />The City shall select a Plant Operator after a competitive procurement <br />process and consideration of any Management Committee recommendations. <br />GBRA and the City may themselves submit proposals for Plant Operator. The City <br />will review the Plant Operator's performance at least once every five years, but <br />may review the Plant Operator's performance more frequently in the City's sole <br />discretion. The City may select another Plant Operator using the same procedure as <br />the original selection. The City may hire a consultant to provide start-up services <br />for the Plant. <br />(3) Plant and Carrizo Facilities Ownership <br />The City shall hold legal title to the Plant and the Carrizo Facilities <br />including all properties, rights of way, easements and any other interest in real <br />property acquired for the Plant, during the existence of: A) any Project Debt <br />Instruments issued by the City for the acquisition and construction of the initial <br />phase of the Plant, or B) any GBRA Plant Expansion Debt Instruments. GBRA <br />shall have the right to prepay or defease any GBRA Plant Expansion Debt <br />Instruments in accordance with the terms of such Instruments. After the Project <br />Debt Instruments issued by the City for the initial phase of the Plant and the initial <br />GBRA Plant Expansion Debt Instruments have been fully paid, redeemed or <br />defeased, such that the City has no outstanding debt on the initial phase of the Plant <br />or the initial GBRA Plant Expansion, the City shall convey to GBRA, at no cost to <br />GBRA, legal title to an undivided interest in the Plant equal to GBRA's percentage <br />interest in the total treatment capacity of the Plant at that time. The City hall <br />convey to GBRA, at no cost to GBRA, legal title to an undivided interest in the <br />Carrizo Facilities equal to GBRA's percentage interest in the total capacity of the <br />Carrizo Facilities at that time as determined by the Carrizo Project Agreement Such <br />conveyance shall be by written instrument in recordable form. After the transfer of <br />legal title contemplated by this Section 4, title to the undivided interests of any <br />future expansions in the Plant following eaeh future expansion of the D' * and the <br />Carrizo Facilities shall be owned by the Parties based upon the proportionate <br />amount of Plant and Carrizo Facilities expansion capacity that each Party,, <br />respectively, has requested and paid for, and the Parties agree to execute and record, <br />at no cost to one another, written conveyances of undivided interests in the Plant <br />and Carrizo Facilities expansion upon completion of construction and payment of <br />the cost of such expansions. <br />