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Resolution 4778 - Village County Sewer District TransferRESOLUTION NO.4778 A RESOLUTION TO ACCEPT THE TRANSFER OF OWNERSHIP OF THE PHYSICAL PLANT AND OTHER ASSETS OF THE VILLAGE COUNTY SEWER DISTRICT AND TO ASSUME ALL RIGHTS AND OBLIGATIONS OF THE SEWER DISTRICT. WHEREAS, in 1982 the North Village Sewer District, a Rural Improvement District, and predecessor of the Village County Sewer District, entered into a Sewer District Connection Agreement with the City of Kalispell in which the City agreed to accept sewerage from the District into the City's Sanitary Sewerage Collection System; and WHEREAS, in 1991 the City and the Village County Sewer District, successor of the North Village Sewer District, entered into an agreement in which the operations and administration of the District's system was shared with the City and in which it was agreed that the District would continue to have title ownership to the physical plant of the District sewer system until such time as all bonded indebtedness and other indebtedness of the District was paid in full; and WHEREAS, the District has notified the City that all of its bonded indebtedness and all other indebtedness has been paid in full and it now elects, pursuant to its agreement with the City, to transfer the balance of its assets over to the City with the intention to dissolve the District pursuant to Montana law; and WHEREAS, the District has engaged an independent audit of its assets and obligations which audit shall specifically identify the elements of transfer as of March 31, 2003. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. The City shall accept transfer of ownership of all remaining assets of the Village County Sewer District as set forth by the independent auditor and shall assume all rights and obligations of the District as of 12:00 midnight, March 31, 2003. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 17TH OF MARCH, 2003. Pamela B. Kenne y Mayor ATTEST: 7�, Theresa White City Clerk