2004 - 12-15-04 Regular Meeting - Laserfiche WebLink

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n m �> boo . 20 I -sP i 93 STATE OF NORTH CAROLINA COUNTY OF LEE INTERLOCAL AGREEMENT FOR TIIE CONSOLIDATION OF CERTAIN PUBLIC WATER SYSTEMS WITHIN LEE COUNTY THIS AGREEMENT made and entered into this day of 2004, by and between the City of Sanford, a North Carolina municipal Corporation (hereinafter referred to as "City "), the County of Lee, one of the one hundred counties of the State of North Carolina and a body both Corporate and Politic, (hereinafter referred to as "County "), and the Lee County Water and Sewer District No. 1, a North Carolina municipal corporation, (hereinafter referred to as "District "). WITNESSETH: WHEREAS, the City of Sanford, County of Lee and the Lee County Water and Sewer District No. I currently own public eater systems within Lee County; and WHEREAS, the City currently operates these water systems for the County and District in accordance with existing contract documents; and WHEREAS, the lines owned by the County and District are extensions off of the City's water system, and WHEREAS, disputes and differences have arisen between the parties about the operation and maintenance of the lines owned by the City and District; and WHEREAS, the configuration of the County and District lines does not reasonably adapt itself to establishment of a separate and independent system for the County and District, and the parties have agreed that the settlement of the differences between the parties can best be accomplished by the transfer of the County and District water system assets to the City. NOW. THEREFORE, the parties hereto agree as follows: 1. 1=or and in exchange for the payment of the debt owed by the Lee County Water District No. 1 to the Farmer's I - lome Administration and First Citizens Bank, County and District agree to transfer all the assets of the County and District water systems to the City. Any contract of sale or other document for the transfer of ownership must include the followine statement: