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Agenda - 1992 - City Council - 04/28/1992 - Regular (2) City of Eagle Pre-Council Meeting Tuesday, April 28, 1992 6:30 AGE ND]t Aqreement for Transfer and Operation of Domestic Water System. A. Background Lexington-& Treasure Valley Village own Lexington Hills and Echo Creek subdivisions and the domestic water system which supplies water to those subdivisions. Lexington and Treasure Valley Village have a continuing obligation to construct the water system after conveyance to the City, for the additional phases. Lexington and Treasure Valley Village desire to convey the water system to the City of Eagle according to the following terms and conditions: Conveyance of well lots by warranty deed; free from any liens; access easements to well lots The City will obtain owner's extended form title insurance in the amount of $100,000 for each well lot, at their own cost. 2. Conveyance of personal property by bill of sale. Conveyance of second well lot after preliminarily approves the second well. DEQ Lexington and Treasure Valley Village will complete construction of the water system, including any additional wells and reservoirs, necessary to serve each phase of their developments. D. Lexington and TVVwarrant: Built according to P & S; designed to service lots in phase 1 and each phase as conveyed; 2. One year developer's warranty; OUTLINE, P. 1 3. Assignment of equipment warranties; Lexington and TVV will assign their water permit to the City. City is responsible to ensure that the permit requirements are satisfied. The City agrees to supply a quantity of water sufficient to refill the lakes twice, in non-irrigation season, to the Homeowners Association, at a rate of 50% of the rate for residential users, subject to storage of water being determined to be a beneficial use under the permit. City is put on notice as to the contents contained in the 30-day test. There is no guarantee or warranty as to the sufficiency of quantity of water. City will manage and maintain the water system. City is to maintain water quality. Reimbursement of operation losses -- Lexington and TVV agree to reimburse the City for the water system operating losses until that point in time that the water system breaks even. The City is to repay Lexington and TW 100% of all income from the water system, including hook up fees, after operating expenses, until Lexington and TVV are repaid. The water system transfer is subject final certificate of compliance with within 12 months of the agreement. to DEQ issuing a State regulations Caveat: No representations are made to the City as to quality or quantity of the water available. This risk is to be borne by the City. II. Water Service Contract. A. Management contract with Engineering, Maintenance, Inc. ("EM2, Inc.") 1. Terms and conditions a. EM2, Inc. will: 1) furnish and install Management and meters which become OUTLINE, P. 2 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) part of the water system; provide normal maintenance of system; read meters; prepare bills; report receipts to the City; meet state water quality reporting requirements; perform extra work as requested by the City; provide liability insurance of $1,000,000; prepare reports as requested by the City; comply with City rules and ordinances; collect delinquent accounts; attend counsel meetings; fe Fees and charges: 1) 2) 3) meters, $120.O0/each, installed; $100/month or $3.00/user/month, plus mileage; Council meetings and extra work at scheduled rates, i.e., supervisor $20.O0/hour; Term: 1) 2) 3) 4) 1 year; automatically renewable; with 60 days notice either party can cancel; rates may be increased annually, 60 days prior to anniversary date of contract, must be approved by City; Initial rates, same as South County Water Company except, as amended by the City Council. City to establish a lock box arrangement, with a financial institution, to receive all water bill payments, at its sole cost. Miscellaneous 1) EM2, Inc. agrees to make its records available to City. OUTLINE, P. 3 III. Rates. Rules and Regulations for the Operation of the Water System of the City of Eaale, Idaho. B. C. D. Establish water service area. Create City water department and name superintendent. Adopt construction standards. Adopt rate schedule. OUTLINE, P. 4