11-27-1995 Council Packet - Laserfiche WebLink

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The Council will transfer to the Municipality, by Bill of Sale, all of its right, title, and interest in and to those portions oflntcrce^nor 6-OR-641 described in Exhibit A attached hereto The Council will also transfer to the municipality, by Bill of Sale, all of its right, title, and interest in and to those portions of Project 85-67 described in Exhibit B attached hereto. It is the intent of the parties to this agreement that ownership of those portions of Interceptor 6-OR-641 described in Exhibit A, and those portions of Project 85-67 described in Exhibit B, were effectively transferred to the Municipality on or about June 1, 1990. The Bill of Sale is intended to formalize this earlier transfer of interest. Those portions of Interceptor 6-OR-641 described in Exhibit A, and portions of Project 85-67 described in Exhibit B, are conveyed by the Council in "as is" condition, i.e., the condition the interceptor was in on or about June 1, 1990. The Municipality agrees to accept those portions of the interceptor in such "as is" condition. It is the intent of the parlies that all costs for operation, maintenance and repairs to the ponions of Interceptor 6-OR-641 described in Exhibit A, and the ponions of Project 85-67 described in Exhibit B, commenced to be the responsibility of the Municipality on or about June 1, 1990 and shall continue to be the responsibility of the Municipality hereinafter. SECTION 4. TRANSFER OF PROPERTY RIGHTS. The Council shall also transfer to the Municipality by quit claim deed those easements and other property rights related to the portions of Interceptor 6-OR-641 described in Exhibit A which it owns and (a) which are necessary for the operation, maintenance and repair of the reconveyed portions of Interceptor 6-OR-641 and (b) which are no longer needed by the Council -3 -