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<br />The City of San Marcos Facilities Service Contract <br /> <br />the proposal submitted by or on behalf of the Company as the most advantageous proposal <br />received in response to the City's RFP with respect to wastewater treatment facilities <br />operations. <br /> <br />(I) In March 2005, the City initiated the contract negotiations with the <br />Company which have concluded with this Service Contract. <br />(J) On August 16, 2005, the City Council adopted a resolution authorizing <br />the execution and delivery of this Service Contract. <br />(K) The wastewater treatment facilities will continue to be owned by the City <br />and certain wastewater assets will be operated and maintained by the Company. <br />(L) The City desires to receive, and the Company desires to provide <br />wastewater treatment facilities operations and maintenance services under the terms of this <br />Service Contract. <br />NOW, THEREFORE, in consideration of the mutual covenants herein contained, <br />the parties hereto, intending to be legally bound, agree as follows: <br /> <br />2 <br />