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2001-101 To authorize the Execution of a Municipal Responsibility Agreement between the Township of Oro-Medonte and Azurix North America (Canada) CorporationTHE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE BY-LAW NO. 2001-101 BEING A BY-LAW TO AUTHORIZE THE EXECUTION OF A MUNICIPAL RESPONSIBILITY AGREEMENT BETWEEN THE TOWNSHIP OF ORO-MEDONTE AND AZURIX NORTH AMERICA (CANADA) CORPORATION WHEREAS the Municipal Act, R.S.O., 1990, c.M.45, Section 207, Paragraph 4, as amended, authorizes the Council of a Municipality to enact a by-law for entering into an agreement with the owner of any sewage works for the use of any sewage works for the disposal, interception or purification of sewage; AND WHEREAS a Municipal Responsibility Agreement is required by the Ministry of the Environment to satisfy Certificate of Approval criteria for the sewage treatment plant owned by Azurix North America (Canada) Corporation; AND WHEREAS Council of the Corporation of the Township of Oro-Medonte deems it necessary to enter into a Municipal Responsibility Agreement with Azurix North America (Canada) Corporation; NOW THEREFORE the Council for The Corporation of the Township of Oro-Medonte hereby enacts as follows: 1. THAT the Mayor and Clerk are hereby authorized to sign an agreement between the Corporation of the Township of Oro-Medonte and Azurix North America (Canada) Corporation, said agreement attached hereto as Schedule 'A' and forming part of this by-law. 2. THAT this by-law comes into full force and effect upon final passing thereof. BY-LAW READ A FIRST AND SECOND TIME THIS 3RD DAY OF OCTOBER 2001. BY-LAW READ A THIRD AND FINAL TIME THIS 3rdDAY OF Oct . 2001. THE CORPORATION OF THE TOWNSHIP OF ORO-MEDONTE MAYOR, IAN BEARD CLERK, �,, ARILYN PENNYCOOK BETWEEN: THIS AGREEMENT made this :5 day of September, 2001. THE TOWNSHIP OF ORO MEDONTE (herein called the "Township") - and - AZURIX NORTH AMERICA (CANADA) CORP. (herein called "Azurix") 14/09/01-6 OF THE FIRST PART OF THE SECOND PART WHEREAS Azurix owns, operates and manages water and wastewater assets, offers water -related services and develops and manages water resources worldwide; AND WHEREAS Azurix is the owner of certain lands described and depicted in Schedule "A" hereto (the "Lands"), on which is located a sewage treatment facility described in Schedule "B" hereto (the "Original Facility"); AND WHEREAS Horseshoe Resort Corporation (the "Developer") owns certain lands in close proximity to the Lands, on which the Developer has developed a resort, including hotel, restaurant and condominium facilities (the "Development") and intends to further develop a residential site entailing an adult lifestyle facility (the "Adult Resort"); AND WHEREAS Azurix is currently providing sewage treatment to the Development through the Original Facility and the Developer requires the service to the Development to be increased, as a result of the addition of the Adult Resort; AND WHEREAS Azurix and the Developer have entered, or will enter, into an agreement (the "Contract") for the construction of, inter alia, an addition to the Original Facility as described and depicted in Schedule "C" hereto (the "Addition") and the operation, maintenance and repair of, the Original Facility and the Addition (the Original Facility and the Addition, collectively, the "Facility"); AND WHEREAS the Township will only support the further development of the Adult Resort based on the construction and operation of the Addition and the continued operation of the Facility by Azurix; AND WHEREAS the Ministry has issued a Certificate of Approval for the Facility, a copy of which is attached hereto as Schedule "D". NOW THEREFORE for good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, and the mutual covenants contained herein, the parties agree as follows: ARTICLE 1. DEFINITIONS AND INTERPRETATION 1.1 As used in this Agreement, in addition to those words and phrases already defined herein, the following words and phrases mean: a) "Arbitration Act" means the Arbitration Act, S.O. 1991, c.17, as amended or replaced from time to time; b) "Certificate of Approval" means an approval issued under the authority of the Ontario Water Resources Act, the Environmental Protection Act, the Ministry or other applicable provincial legislation for the Facility, or a portion thereof, as it may be amended, revised or reissued, and any other applicable provincial law relating to the operation or functioning of the Facility; c) "Condominium Act" means the Condominium Act 1998, S.O. 1998, c. 19, as amended or replaced from time to time; d) "Construction Lien Act" means the Construction Lien Act, R.S.O. 1990, c. C.30, as amended or replaced from time to time; e) "Director" means the director appointed by the Minister of Environment under the Environmental Protection Act or the Ontario Water Resources Act; f) "End Users" shall mean those residents of the Adult Resort who will receive and pay for wastewater services from the Facility, pursuant to a service agreement with the Developer; g) "Environmental Protection Act" means the Environmental Protection Act, R.S.O. 1990, c. E.19, as amended or replaced from time to time; h) "Letter of Credit" means the irrevocable letter of credit in the form attached hereto as Schedule "E" and in the amount of $363,000 obtained by Azurix and issued in favour of the Township to secure the operation, maintenance and management of the Facility in accordance with the terms and conditions of this Agreement; i) "Maintenance Deficiency" means any breakdown or malfunction of the equipment or structure of the Facility, in excess of twenty thousand dollars ($20,000.00) and which is not considered to be an Operational Deficiency; j) "Ministry" means the Ministry of the Environment for the Province of Ontario or any other agency designated by either the Province of Ontario or the Ministry of the Environment to act on its behalf; k) "Municipal Act" means the Municipal Act, R.S.O. 1990, c. M.45, as amended or replaced from time to time; 1) "Ontario Water Resources Act" means the Ontario Water Resources Act, R.S.O. 1990, c. 0.40, as amended or replaced from time to time; 2 m) "Operational Deficiency" means any operational breakdown or malfunction of the Facility that could cause the Facility not to comply with the requirements of the Certificate of Approval and/or is a detriment to public health or the environment; n) "Planning Act" means the Planning Act, R.S.O. 1990, c. P.13, as amended or replaced from time to time; o) "Replacement Costs" means the estimated costs for replacing the Replacement Parts in any given year, as set out in Schedule "F" hereto; p) "Replacement Fund Allocation" means that portion of Revenue allocated by Azurix to be deposited into the Fund in any given year, based on the Replacement Costs, for the purpose of funding the Replacement Parts; "Replacements Parts" means those mechanical and electrical elements of the Facility as set out in Schedule "F" hereto, which may from time to time require repair or replacing; "Revenue" shall mean the monies collected by the Developer from the End Users for the provision of wastewater services through the operation of the Facility by Azurix, which shall ultimately be paid to Azurix by the Developer pursuant to the terms of the Contract; and r) "Trustee" means the treasurer appointed by the Township, from time to time, to manage the financial matters of the Township. 1.2 The division of this Agreement into articles and sections is for convenience of reference only and shall not affect the interpretation or construction of this Agreement. 1.3 The following schedules, which are attached hereto, together with all provisions therein, are hereby made a part of this Agreement as fully and for all purposes as would be the case if they were set out in the text of this Agreement as covenants and agreements: p) q) Schedule "A" — Schedule "B" — Schedule "C" Schedule "D" Schedule "E" — Schedule "F" — Legal description of the Lands Description of the Original Facility — Description of the Addition — Certificate of Approval for the Facility Form of Irrevocable Letter of Credit Reserve Fund Program 1.4 The masculine gender shall include the feminine and neuter genders, and vice versa, the word "person" shall include firms and corporations and the singular number shall include the plural, and vice versa. ARTICLE 2. REPRESENTATION AND WARRANTIES 2.1 Azurix hereby represents and warrants as follows: 3 a) it is a corporation duly organized, validly existing and in good standing under the laws of the Province of Ontario, with full legal right, power and authority to enter into and perform its obligations under this Agreement; b) it has duly authorized the execution and delivery of this Agreement and this Agreement constitutes a legal, valid and binding obligation of Azurix, enforceable against it in accordance with its terms; c) it is the legal and beneficial owner of the Lands and the original Facility located thereon and shall be the legal and beneficial owner of the Addition once constructed. 2.2 The Township hereby represents and warrants as follows: a) it is a municipal corporation duly organized, validly existing and in good standing under the laws of the Province of Ontario, with full legal right, power and authority to enter into and perform its obligations under this Agreement; b) it has duly authorized the execution and delivery of this Agreement and this Agreement constitutes a legal, valid and binding obligation of the Township, enforceable against it in accordance with its terms; and c) no approval, authorization, order or consent of, or declaration, registration or filing with, any governmental authority is required for the valid execution and delivery by the Township of this Agreement, except those that have been duly obtained or made. ARTICLE 3. DUTIES AND RESPONSIBILITIES OF AZURIX 3.1 Azurix covenants and agrees that it shall: a) construct the Addition according to current acceptable engineering practices and operate, maintain, and if necessary, repair and/or replace all or part of the Facility in accordance with the operating standards and the terms and conditions contained herein; b) prepare, at its own cost, all plans, specifications, profiles, contours, and other engineering material, drawings and data required in the opinion of the Township, acting reasonably, in respect of the construction of the Addition and shall submit such plans, specifications, profiles, contours and other engineering material, drawings and data to the Township for approval; c) obtain, at its own cost, any and all approvals and licenses required in connection with the Facility and its operation; d) replace the financial assurance currently issued in favour of the Ministry in the amount of Three Hundred and Sixty Three Thousand Dollars ($363,000), with the Letter of Credit, acceptable to the Township; e) not commence any work on the construction of the Addition until it has received a Certificate of Approval in respect of such construction and the Township's 4 approval to commence the work, provided that the Township shall act reasonably and promptly in providing such approval; f) prepare a contingency plan for sewage haulage in the event of a Deficiency that results in a type of failure of the Facility that requires haulage of sewage; prepare and provide to the Township, a copy of all FepOrts, including any plans or specifications contained thenoin, in respect of the operation and maintenance of h)the Facility or required to be provided to the Ministry, from time to time; and provide to the Township, a copy of any and all documents submitted to the Ministry, including but not limited, to an operation and maintenance manual and a sludge disposal prOgnam, and a copy of any and all field ondero, work orders or compliance documents issued by the K4in|stry, in respect of the operation and maintenance of the Facility. 3.2 Azurix acknowledges and agrees that the design and construction of the Addition and the operating standards of the Faci|itvvVi|| be those upon which a Certificate of Approval and any orders or other requirements imposed under the Environmental Protection Act or the Ontario Water Resources Act are based, by the Ministry or together with such additional requirements as the Township may reasonably impose pursuant to any authority within its jurisdiction and responsibility. The parties agree that the Township may impose any of the r[ns of this Agreement as conditions for the approval of any Certificate of Approval or other approval issued ``bythe Ministry or under the Planning Act or the CondominiumCondominiumAct and Azurix shall not object to or otherwise appeal the imposition of such terms as conditions to any such approval or Certificate of Approval issued to Azurix. 3.3 &zuhxfU�he[acknowledges and agrees that all nlgt8ri@|sk]besupplied hereunder vvith respect the Facility shall be in accordance with Ontario Provincial Standards or appropriate design guidelines and if nomaterials are specied in any particular case, then the same shall be of good quality and approprite in designand construction for the Facility, and shall be subject to the approval of the Township acting reasonably. 34 Nothing contained herein shall |innit the ob|igadonofAzuriXt000nUnu8toprovide rep0�s to - the Ministry in respect of the Facility, and Azurix shall be solely responsible for providing such reports to the Ministry. ARTICLE 4. DUTIES AND RESPONSIBILITIES OF THE TOWNSHIP g) 4.1 The Township covenants and agrees that it shall: a) set up a mechanism to advise any customers of the Facility,whomay inadvertently call the Township regarding complaints or issues related to the services provided by Azurix that any such complaints or matters relating to the service provided by Azurix, should be directed to:[to be determined by Azurix at a future date]; b) review within fifteen (15) days of receipt all capital expenditure plans prepared and provided by Azurix in respect of the Facility; and 5 c) assume responsibility for the operation of the Facility in the event of a default pursuant to Article 11 herein in which case the Township shall be entitled to call in and utilize the Letter of Credit and monies from the Fund for purposes of replacing the Replacement Parts pursuant to Article 7 herein. ARTICLE 5. THIRD PARTY ENGINEER 5.1 For the purposes of monitoring the Facility and providing comments on and approval of reports prepared by Azurix, the Township may, in its sole discretion, retain an engineer (the "Township Engineer") to perform the following: a) monitor the construction of the Addition by Azurix and provide to the Township a certificate that the construction of the Addition has been completed in accordance with the Certificate of Approval; b) monitor the operation of the Facility on an annual basis to confirm compliance with the provisions of the Certificate of Approval; c) review any and all Rectification Plans (as defined below) proposed by Azurix for any Deficiency which may arise during the term of this Agreement in respect of the condition or operation of the Facility; and d) review any and all capital expenditure plans in respect of the Facility prepared by Azurix and submitted to the Township. 5.2 Azurix hereby covenants and agrees to reimburse the Township for the costs associated with retaining the Township Engineer and performing the tasks herein, provided that such costs shall not exceed seven thousand dollars ($7,000.00) in any given year and further provided that any amount not reimbursed to the Township for any given year up to the maximum amount, shall not carry over to any subsequent years as a benefit or credit to the Township. Such amount shall be reimbursed annually up to the agreed amount of seven thousand dollars ($7,000.00). 5.3 Each of the Township and Azurix hereby acknowledges and agrees that the Township Engineer, acts solely for and in the discretion of the Township in performing his duties hereunder and the Township Engineer shall not be required to report to or act for the benefit of Azurix. ARTICLE 6. REPAIR, MAINTENANCE OR REPLACEMENT OF FACILITY 6.1 In the event the Ministry determines that an Operational Deficiency exists Azurix shall promptly notify the Township in writing (the "Deficiency Notice") of the particulars of such Operational Deficiency, which Deficiency Notice shall include any order issued by the Ministry to rectify the Operational Deficiency or Azurix's intended plan of action for rectifying the Operational Deficiency if ordered to create one by the Ministry (the "Operational Rectification Plan"), including the minimum and maximum time period in which the Operational Rectification Plan shall be completed. Azurix shall rectify any such Operational Deficiency in accordance with the terms of the Operational Rectification Plan and upon completion, shall certify to the Township that all Operational Deficiencies have been rectified in accordance with the Operational Rectification Plan. 6 6.2 Notwithstanding any provision contained herein, the obligation of Azurix to provide a Deficiency Notice does not preclude any obligation it may have to report such Operational Deficiency to the Ministry or any other authority as required by law, and Azurix shall report the occurrence of such Operational Deficiency as required by the Ministry or any other authority. 6.3 If Azurix, the Ministry or the Township determines that the Operational Deficiency is of a type that may cause a material danger to human he@|th, the environment or property, the Township may provide a copy of such Deficiency Notice to any public authority it deems appropriate and necessary to advise to ensure adequate protection of the pub|iC, environment or property from the effects of the Operational Deficiency. 6.4 In the event Azurix learns of, or the Township determines that a Maintenance Deficiency exists, Azurix shall promptly notify the Township of the particulars of such Maintenance Deficiency, which shall include its intended plan of action to rectify such Maintenance Deficiency (the "Maintenance Rectification Plan") and the minimum and maximum times within which such Maintenance Rectification Plan shall be completed. Azurix shall rectify such Maintenance Deficiency in accordance with the terms of the Maintenance Rectification P|8D, provided that such plan has been approved by the Township or the Township Engineer, and upon completion, shall certify to the Township that the Maintenance Deficiency has been rectified in accordance with Maintenance Rectification Plan. 6.5 Azurix, at its own cost, shall obtain any and all approvals required under statute or by the Ministry to rectifyOperational the Operational Deficiency or the Maintenance Deficiency or as may be required pursuant to the Operational Rectification Plan or the Maintenance Rectification Plan, respectively. 6.6 The Township may seek the assistance of the Director in the event (a) the Township believes that a Maintenance Deficiency has occurred for which it has not received a Maintenance Rectification Plan pursuant to section 6.4 herein, or (b) the 7-ownohip, acting reasonably, is not satisfied with the terms of the Operational Rectification Plan proposed by Azurix in respect of a particular Operational Deficiency and the Township and Azurix are unable to agree upon changes to the Operational Rectification Plan to satisfy the Township's concerns. The Township may request the Director to make a determination in the case of (a), that an Maintenance Deficiency has occurred requiring Azurix to prepare an Maintenance Rectification Plan and rectifyth� Maintenance[}efiCienoyaccordingly, Orin the case of (b), any additional Dl8asun88Orterms that shouid be inciuded in the Operationai Rectification Pian and the manner in which the rectifications should be completed. The parties acknowledge and agree that the decision of the Director shall be final and binding and that any requirement imposed by order of the Director shall be incorporated into the respective rectification plan. 6.7 Azurix shall not add to, aiter or extend the Facility without advising and providing the Township with a copy of any and all such additions, alterations or extensions. In the event Azurix makes any changes to the Facility, Azurix shall provide to the Township certified updated "as built" plans. ARTICLE 7. CAPITAL REPLACEMENT RESERVE FUND 7.1 Azurix and the Township shaii be required for the term of this Agreement to enter into an agreement with the Trustee for the establishment and maintenance of a capital replacement reserve fund (the "Fund"). The parties hereby acknowledge and agree that Azurix shall subsidize the Fund throughout the term of this Agreement with the Replacement Fund 7 Allocation. Azurix hereby covenantscovenantsand agrees to deposit any and all of the ReplacementReplacementFUnd Allocation collected bvthe Developer and received by Azurix into the Fund. Azurix shall ens4no that the monies held'by the Trustee in the Fund shall be held in an interest bearing account, which interest shall be added to the Fund. 7.2 Azurix shall be required to maintain a sufficient amount of monies in the Fund to pay for the Repiacement Costs budgeted for replacing the Replacement Parts in any given year, as set out inSchedule ''F''hereto for the term Ofthis Aoree[OenL The pG�ieSacknowledge and agree Replacement be Iess than the amount required for the Replacement Costs for such year. The parties further acknowiedge and agree that any surpius of the Replacement Fund AUocation deposited into the Fund and not expended in any given year, shall remain in the Fund and be carried forward to be applied to the Replacement Costs for the foliowing years. The parties acknowiedge and agree that under no circumstance shall Azurix be required to pay into the Fund monies other than the Replacement Fund Allocation. 7.3 Azurix shall annually update the Replacement Costs for the Replacement Parts (the "updated estimate") of the Facility and provide the Township with a copy of the updated estimate. In determining the updated estimate, Azurix shall at a minimum take into ConsideraboO, the actual cost paid to replace any Replacement Parts from the preceding year, the decreased lifespan of any of the Replacement Parto, which may require early replacement, and any fluctuation in the market for the costs of the Replacement Parts. Azurix hereby Covenants and agrees to negotiate with the Developer any increase to the costs of services charged to the End Users, which may be required to subsidize any increase in the Replacement Costs resulting from the updated estimate. 7.4 Each of the parties acknowiedges and agrees that the amount required to be reserved in the Fund shall be adjusted from time to time to the extent that such reserve fluctuates up or down as a result of changing costs, the updated estimate or other circumstances. 7.5 Each of the parties acknowledges and agrees that Azurix �h@|| OCdif« the Township in writing Repiacement Part(s) and the repiacement cost associated therewith. Upon receipt of any such notice, the Township or the Township Engineer shall --knnvv|e- ge in writing its consent to the replacement ofReplacement Part(s) and shall authorize the Trustee to withdrawffromLhe Fund the amount requiredto replace such Replacement Part(s), upon delivery of@ receipt by Azurix to the Trustee evidencing the costs of such Repiacement Part(s). ARTICLE 8. ACCESS TO THE FACILITY 8.1 For purposes of inspecting the Facility on an annual b@siS, conducting testing of the Facility fnJrD time to time, and in cases of rnergenCy. Azurix hereby agrees to permit and facilitate the Township and/or the Township Engineer access to the Facility during hours of operation �upon the receipt of reasonabie notice by Azurix, provided that notice to/��urixshall not be req uired in the case of an emergency necessitating access by the Township and/or the Township Eg|Oeerandfurth8rpnJvideutha,Azurixeha||pe[nit and faciiitate immediate access to the Faciiity in the case of an emergency. 8.2 Azurix hereby grants to the Township all necessary easements for the appropriate access and egress over and across the Lands for purposes of inspecting the Facility and reasonabie appurtenances thereto pursuant to section 8.1. Azurix further agrees to do aii acts 8 or things necessary to ensure the access of the Township as may be required by the Township and/or the Township Engineer to inspect the Facility. ARTICLE 9. COLLECTION OF FEES 9.1 The' - acknowledge and agree that as a private service provider, Azurix shall contract with the Developer, who will be solely responsible for issuing invoices to the End Users and collecting all fees payable under such invoices. The Township shall not be required to collect any such fees and shall have no role in the enforcement of remitting fees for services provided by Azurix. ARTICLE 10. INSURANCE 10.1 Azurix shall, throughout the term of this Agreement, at its sole cost and expense, take out and keep in full force and effect in the names of Azurix and the Township, as their respective interests may appear, the following insurance: a) insurance on the pn}pS�vofevery description and kind owned by Azurix and located within the Facilityn an amount equal to the full rep|acenOgntcost thereof, without deduction for depreciation, with coverage for all major pe[i|s, including, fire and standard extended coverage, sprinkler leakages (where applicable), earthquake, flood and collapse; b) general liability coverage to a limit of $5,000,000; c) auto liability insurance coverage to a limit to $5.000.000; d) professional liability and errors and omissions insurance coverage to a limit of $5.000.000; e) environmental impairment liability coverage to a limit of $5,000,000; and f) umbrella liability coverage to a limit of the value of the full replacement cost of the Facility; 10.2 The parties acknowledge and agree that the aforementioned insurance may be subject to loss deductible clause and that any payments for claims arising from the operation of the Facility that fall within the deductible limit are the sole responsibility of Azurix. 10.3 Azurix shall provide to the TovvnShip, certificates of insurance evidencing the insurance obtained fourteen (14) days prior to the date of commencement of the operation of the Facility. A\\Such policies shall contain an undertaking by the insurers to notify the Township in writing not less than thirty (30) days priormaterial�o any ohange, cancellation, failure to review or termination thereof. 104 In the event of default by Azurix to pay the premiums of such insurance, the Township' shall have authoritythe right and the /V�pay such p[enDiU0SOObehalf 0fAzurix, tor the purpose Of ensuring the policies remain in effect. Azurix hereby agrees to reimburse the Township for any such payment made on its behalf. 9 ARTICLE 11. DEFAULT 11.1 An operating default (an "Operating Default") shall be deemed to have occurred if any one or more of the following events occur: a) failure by Azurix to remedy an Operating Deficiency within the timeframe required by the Ministry or allocated by Azurix to be remedied in the Operational Rectification Plan pursuant to section 6.1 herein, which timeframe shall include any extensions granted or agreed to by the Ministry; b) failure by Azurix or its agents to comply with a condition of an order of approval issued by the Ministry with respect to the Facility within the timeframe stipulated by the Ministry, which timeframe shall include any extensions granted or agreed to by the Ministry; and c) any act or omission of Azurix or its agents which, in the opinion of the Township, acting reasonably, causes the operation and maintenance of the Facility by Azurix to be or become so faulty as to be detrimental to those persons being served by the Facility; 11.2 In the event of an Operating Default, the parties acknowledge and agree that the Facility shall be operated and maintained at the discretion of the Ministry and by such persons as the Ministry may direct. Notwithstanding the foregoing, the Township acknowledges and agrees that the Ministry may in its discretion direct that Azurix continue as the operator of the Facility despite the occurrence of an Operating Default and the Township hereby agrees that the operation of the Facility by Azurix shall continue in accordance with any directives issued by the Ministry. If the Township is directed to or otherwise assumes the responsibility of operating the Facility as a result of an Operating Default, it may use the Letter of Credit for the operation or maintenance of the Facility. 11.3 A default (a "Default") shall be deemed to have occurred if any one or more of the following events occur: a) receipt by the Township of notice of a proposed cancellation or non -renewal of the Letter of Credit, where no replacement letter of credit or financial assurance has been provided by Azurix three (3) months prior to the cancellation or expiry of the Letter of Credit; b) receipt by the Township of notice that Azurix has ceased or threatens to cease to carry on business, whether such cessation of business be either voluntary or involuntary; c) receipt by the Township of notice of the impending insolvency of Azurix; e) failure by Azurix to meet its obligations to any third party that would affect the operation of the Facility; and f) failure by Azurix to remedy an Maintenance Deficiency within the timeframe allocated by Azurix to be remedied in the Maintenance Rectification Plan pursuant to section 6.4 herein, which timeframe shall include any extensions granted or agreed to by the Township. 10 11.4 In the event of a Default the Township shall give written notice to Azurix of the nature of the Default, and the timeframe, if applicable, within which Azurix shall be required to remedy the Default. If Azurix is unable to or fails to remedy such Default within the time frame and the manner required by the Township, the Township may, in its sole discretion, assume responsibility for the operation of the Facility and use the Letter of Credit, to effect such assumption of operations. Notwithstanding anything to the contrary, the Township acknowledges and agrees that it may not be entitled to assume responsibility for the operation of the Facility in the event of a Default pursuant to section 11.3(c), and that such responsibility may be determined by a trustee in bankruptcy. 11.5. In the event an Operating Default or a Default continues twenty-four (24) months beyond the timeframe within which Azurix was required to remedy such default, Azurix shall immediately upon demand by the Township, transfer ownership of the Lands and the Facility to the Township, and do whatever acts as may be necessary to affect such transfer. In the event of such transfer, this Agreement shall terminate and neither the Township nor Azurix shall have any further obligation hereunder, with the exception of Azurix's obligation pursuant to Article 13 herein. The transfer referred to herein shall also refer to any interest Azurix may have in the Letter of Credit and the Fund. In addition, to the remedies provided herein, the Township shall have any and all remedies available to it under law for termination of this Agreement pursuant to a default. 11.6 In the event the Township is required to assume responsibility for operation of the Facility hereunder, Azurix shall assist and cooperate with the Township and/or its agents with effecting such assumption of operations, including but not limited to, providing: documentation and records relevant to the operation of the Facility: employees and/or contractors to assist in operating the Facility: and unrestricted access to the Facility. ARTICLE 12. COSTS OF ADMINISTRATION 12.1 Azurix hereby covenants and agrees to pay, in addition to the costs associated with the retention of the Township Engineer, to the Township, any and all reasonable costs associated with the negotiation and administration of this Agreement, including any and all costs charged to the Township for retaining legal counsel or other consultants, excluding the maximum amount allocated to the Township Engineer, to the maximum of ten thousand dollars ($10,000.00). For any amounts greater than such amount, the Township shall provide a copy of the invoice to Azurix for its review and approval as to payment. ARTICLE 13. INDEMNITY 13.1 Azurix agrees to indemnify and shall keep indemnified and save harmless the Township from all loss, damage, cost and expense damage, claims, demands or actions of every nature and kind whatsoever, including death or injury, arising from or in consequence of the negligent maintenance or operation of the Facility or any matter under this Agreement, whether such loss, damage, cost or expense damage, claims, demands or actions is sustained by the Township, Azurix, or their several and respective employees, workmen, servants, agents or councilors or any other person. 11 ARTICLE 14. TERMINATION 14.1 Unless earlier terminated as a result of an Operating Default or a Default, this Agreement shall remain in effect until such time as Azurix transfers ownership of the Facility and the Lands and/or Azurix transfers operation of the Facility to another party and the Agreement referred to in section 14.2 below is executed. 14.2 Prior to any transfer of ownership or operation of the Facility, Azurix shall have provided the Township with thirty (30) days notice of such impending transfer and shall have advised the prospective owner or operator of this Agreement and its requirement to enter into a similar agreement with the Township and such similar agreement shall have been executed by the prospective owner or operator and the Township. Notwithstanding the foregoing, nothing contained herein shall restrict Azurix from effecting any changes in corporate ownership or structure and continuing its obligations hereunder subsequent to any such change in corporate ownership or structure. ARTICLE 15. GENERAL PROVISIONS 15.1 All notices, requests, demands or other communications by the terms hereof required or permitted to be given by one party to another shall be given in writing by personal delivery or by registered mail, postage prepaid, addressed to such other party or delivered to such other party as follows: to the Township at: Box 100 Oro Station, ON LOL 2X0 to Azurix at: Attention: Township Clerk Fax: (705) 487-0133 100 King Street West P.O. Box 57159, Jackson Station Hamilton, ON L8P 4X1 Attention: Fax: (905) 521-9613 or at such other address as may be given by any of them to the others in writing from time to time and such notices, requests, demands or other communications shall be deemed to have been received when delivered, if facsimile transmission three (3) business hours after transmission, or, if mailed, three (3) days after the day following the day of the mailing thereof; provided that if any such notice, request, demand or other communication shall have been mailed and if regular mail service shall be interrupted by strikes or other irregularities, such notices, requests, demands or other communications shall be deemed to have been received three (3) days after the day following the resumption of normal mail service. 15.2 The parties hereto shall sign such further and other documents, cause such meetings to be held, resolutions passed and by-laws enacted, exercise their vote and influence, do and perform and cause to be done and performed such further and other acts and things as may be necessary or desirable in order to give full effect to this Agreement and every part hereof. 12 15.3 The parties hereto acknowledge and agree that this Agreement shall be registered on title to the Lands and any existing encumbrances registered on title to the Lands shall be postponed in favour of the registration of this Agreement. 15.4 Time shall be of the essence of this Agreement and of every part hereof and no extension or variation of this Agreement shall operate as a waiver of this provision. 15.5 This Agreement constitutes the entire agreement between the parties hereto with respect to all of the matters herein and its execution has not been induced by, nor do any of the parties hereto rely upon or regard as material, any prior or concurrent representations or writings whatsoever not incorporated herein and made a part hereof. 15.6 In the event that any provision of this Agreement shall, for any reason, be determined to be invalid, illegal or unenforceable in any respect, the parties hereto shall negotiate in good faith and agree as to such amendments, modifications or supplements of this Agreement, that to the maximum extent practicable in light of such determination, implement and give effect to the intentions of the parties as reflected herein, and the other provisions of this Agreement shall, as so amended, modified or supplemented, or otherwise affected by such action, remain in full force and effect. 15.7 This Agreement may be executed in counterparts and by fax, each of which counterpart shall be deemed an original, and all of which when executed and delivered, shall together constitute one and the same instrument. 15.8 Neither this Agreement nor any provision hereof may be changed, modified, amended or waived except by written agreement executed by each party hereto. 15.9 This Agreement shall be construed in accordance with, and governed by, the laws of the Province of Ontario. 15.10 This Agreement and the covenants, provisions, conditions and schedules therein, shall enure to the benefit of and be binding upon the respective successors and assigns of each of the parties hereto. IN WITNESS WHEREOF the parties hereto have duly executed this Agreement as of the date first written above. THE TOWNSHIP OF ORO MEDONTE AZURIX NORTH AMERICA (CANADA) CORP. Per: Per: Name: Name: te, Title: Mayor Title: Per: Name: Title: Township Clerk 13 Per: Name: Title: SCHEDULE "A" LEGAL DESCRIPTION OF THE LANDS Part of Parcel 1-3, Section 51 -MED -3, in the Township of Oro-Medonte (formerly in the Township of Medonte), in the County of Simcoe, designated as Part 1 on Plan 51R-30017, being Part of the East Half of Lot 2, Concession 3 SCHEDULE "Er DESCRIPTION OF THE ORIGINAL FACILITY • Design treatment capacity of 405 (daily average flow basis) • 300 mm diameter inlet sewer • Parshall flume for sewage flow measurement • Two concrete sequencing batch reactor basins, each 14 metres long x 4.57 metres wide and 5.6 metres deep with a top operating water level Of 5 metres. Each SBR basin includes: a fine bubble aeration system, a motorized effluent decanter and a submersible waste sludge pump with piping valves and instrumentation � A covered concrete aerated sludge storage tank 9.25 metres long u4.57 metres wide and 5.6 metres high. The aerated sludge storage tank includes a submersible sludge loading pump, a submersible supernatant pump and coarse bubble air diffusers. • A covered concrete effluent tank with dimensions 9.25 metres long x 4.57 metres wide and 5.6 metres high. The effluent tank includes two submersible pumps for pumping to the filters. • Three exfiltration ponds approximately 25 metres long x 14 metres wide • A preengineered steel building 18.3 metres long x 9.86 metres wide containing an Offio8, vvGehnJo[n, electrical room / |obona0ory, blower noorn, and filter room. • The filter system includes two downflow continuous backwash filters each having a surface area of 1.77 square meters. • The chemical system includes two 850 gallon polyethylene storage tanks with two chemical metering pu/Ops, piping and valves. • The blower room contains three positive displacement blowers each with a capacity of 130SCFW1and 7.5pSig.piping and valves. • The electrical room contains a motor control center for power distribution, a PLC based control panel, and instruments. 15 SCHEDULE "C" DESCRIPTION OF THE ADDITION • Design treatment capacity of 810 m3/day (daily average flow basis) • A third sequencing batch reactor basin with dimensions to match existing basins (14 metres long x 4.57 metres wide and 5.6 metres deep with a top operating water level of 5 metres) • Two new positive displacement blowers each with capacity to match existing blowers (130 SCFM and 7.5 psig) • A third continuous backwash filter with a minimum surface area of 4.65 m2 (50 sq.ft) • An inlet automatic fine screen system. • Two parallel concrete grit removal channels • A lined earthen sludge storage lagoon with approximate dimensions 12 x 15 metres 16 • SCHEDULE "D" CERTIFICATE OF APPROVAL FOR THE FACILITY [to be provided once issued by the Ministry] • SCHEDULE "E" FORM OF IRREVOCABLE LETTER OF CREDIT [see attached] ID THETORONTO-DOMINION BANK Jackson Square 100 King Sr. W. PO Box 57148 Hamilton, Ontario L8P 4W9 Telephone No. 521-6519 February 7, 1997 4111ir er Majesty the Queen in Right f Ontario as Represented by The Minister of the Environment and Energy 135 St. Clair Avenue Toronto, Ontario M4V 1P5 Re: Letter of Credit We hereby authorize you to draw on The Toronto -Dominion Bank, Jackson Square, 100 King St. West, Hamilton, Ontario for account of Philip Utilities Management Corporation, an aggregate amount of THREE HUNDRED AND SIXTY-THREE THOUSAND, SIX HUNDRED DOLLARS AND 00/100 ($363,600.00) of lawful money of Canada available by written demand for payment. Pursuant to the request of our customer, Philip Utilities Management Corporation, we hereby establish and give you an Irrevocable Letter of Credit in your favour which may be drawn on by you at any time and from time to time upon written demand for payment made upon us by you, which demand we shall honour without enquiring whether you have a right as between yourself and our said customer to make such demands, and without recognizing any claim of our said customer. This Irrevocable Letter of Credit will continue up to the 7th day of February, 1998 and will be automatically renewed for one year on the same terms and conditions including this one for renewal unless we give you at least 60 days written notice that it will not be so renewed and you may call for payment on the full amount outstanding under this Letter of Credit at any time prior to that date should this Irrevocable Letter of Credit not be renewed. Partial drawings are permitted. Any payment made hereunder shall be in favour of the Minister of Finance of Ontario. The amount secured by this Irrevocable Letter of Credit may be reduced from time to time by written notice to the Bank from you. continued - 2 - THE MINISTER OF THE ENVIRONMENT AND ENERGY Any notice under the previous paragraph or any demand hereunder may be made by you or by the Assistant Deputy Minister, 111PRegional Operations Division; the Assistant Deputy Minister, Corporate Resources Division; or such other Director as you from time to time authorize in writing. Your claim under this Letter of Credit must be in writing addressed to The Toronto -Dominion Bank, Jackson Square, 100 King St. West, Hamilton, Ontario, quoting our Irrevocable Letter of Credit #9-315420 dated the 7th day of February, 1997. We herby agree with you that demands made in compliance with the terms of this credit shall be duly honoured upon presentation at this Bank. This Irrevocable Letter of Credit is issued subject to the Uniform Customs and Practice for Documentary Credits, 1993 Revision ICC Publication No. 500. THE TORONTO -DOMINION BANK 1,2 Ruth St. Aubin Non Negotiable Securities Officer THE TORONTO -DOMINION BANK Rabena Bacchus Manager Business Bank • SCHEDULE "F" RESERVE FUND PROGRAM [see attached] 1 -- - 1 EQUIPMENT MAINTENANCE PROGRAM BUDGET _ j YEAR i }- _ HORSESHOE VALLEY W WTP - 19 20 TOTAL$$ 9 10 11 7 8 1 12 13 14 • 15 16 17 18 EQUIP. NO. DESO. TYPE MODEL NO. 1 2 3 4 6 j 6 I - $ 1,000 $ 20,000 1 000 $ 1,000 $ 1,000 $ 1,000 ' $ 1,000 $ 1,000 j $ 1 000 1,000 j $ 1,000 $ 1,000 $ two .. .. $ 1,000 II $ 1,000 1$ 1,000 $ 1,000 $ 1,000 � $ 1,000 I $ 1,000 $ 1 000 i$^7 iI $ Level sensor UtS level transmitter "-_ controls cyst. I $ $ 1.000--- -$ $ 2,000 I $ 1.Of0 - 2,000 $ 15,000 -$ -. - $ 1,000 1-$ 2,000 I $ 1,00 -' $ 2000 $ 1,000 2,000 1 __ Stepscreen raw sewage screen_ - __ _- -_ _-- - --r--- - 1 ' -_- _ -• _S --- $ 5,000 $ 2 p - - -i - - =- - $ 5,000 I 5,000 i ,000 _--aerbloweri _- blow - r 4mP $ 5,000 .. -"_ � i _ _-.- aeration blower 1 I ___ -_- 5,00 0 I $ $ 20,000 _- _ -. "I $ 5,000 $ 5,000 _._-._ 70_01_____ - aerblower2 aerafon blower 2 blow 4rnP __ - -- _._ 000 000 _ -e_-I- II -5.000 5,_0_00 5.00 $ 0 $ 5 I$ -.. _-._ 4mp I $ I --� --- - --- aerblower3 aeration blower 3 blow 5,000 I $__5,00-0 I $ 20,000 - - _-- $ 5,000 T $ 5.000 -_ $ 4 - aeration blower 4 -- - _____ -- �T-- i - -- _ _- 15,000 aerblower I _.__ -"-_ _---_ $ 5,000 .- �$ - $ 5 000 - - -- II I $ 5,000 1 ___ $ aerblower 5 aeration blower 5 - _ I _ _ - - ---- � $ 3,000 ' $ 3,000 1 000 5. 3.000 $ 3000 . - $ 3 000 ___- - $ _ 1 pump dp3067 INIM1 sludpumpt sludge pump _---__L3,000 I $ 3,000 $ 3,000 j $ 3,000 $$ 15,000 _ -- $ 3,000 - $ 3,000 �" sludpumpt sludge pump 2 pump dp3067 __ $ 3.000 $ 15,000 $ 3000 $� $ 3,000 efpumpt effluent pump 1 pump $ 3,000 _- __ 3,000 $ 3,000 _ $ 3,000 $ $ 15,000 -- $ 3,000_ $ 3,000 I $ efpump2 effluent pump 2 Pump MOO - j _ $ 4,000 $ 4,000 $ 24,000 1 4.000 $ 4,000 $ 4,000 _ $ 4,000 -_ $ efpump3 effluent pump 3 VFDpump I I $ 4,000 $ 4,000 !_ 24,000 $ 4,000 $ 4,000 $ 4,000 $ 4.000 $ ----- efpump4 effluent pump 4 VFDpump Mill $ 1,000 • $ 1,000 $ 1,000 MIN IIII IIII ill $= $ 1,000' $ 1,000 $ 1,000 $ 1,000 aircomp air compressor 1 comp motor $ 1,000 IIIIIIIIIIII 111111111111=111.111•1111111111101111111111111111111111111•11 , „ „ $ 1,SG0 $ 1,500 $ 15,000 111=310 IIIIIIIIINIMIIIII$ 1.500 ' to r r $ 1,500 $ 1,500 = $ 1,500 $ _ NMI aircomp air compressor 2 comp MEI '• 200 $ 200 01133,11:111E001130113103111133 $ 200 $ 200 $ zoo $ zoo mai $ 4,000 SBR trr meter $ 200 r +. $ 200 rr $ IIMMENNINI oxy1100 $ D.O. Meter t D.O. meter $ 4,000 $ $ 4,000 $ 4,000 _ $ 4,000 $ 4,000 $ 20,00111.111111111111111111111011111.11111111 0 Diffusers sanitare fine bubble diffuser 22611 e9 diffuser $ 2,500 $ 2,500 $ 2,500 $ 7,500 $ . __� Decant SYs. t Decant arm 11.111111111111111111111111111111111011111 $ 1.11.1111111111111 moujimmEn $ 200 200$ 200 $ 200 $ 200$ 4,000 SBR 2 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ $ 200 � r $ 200. $ 200 $ 200 MUM 111.1111110 D.O. meter 2 D.O. meter meter oxy1100 MINIM$ $ 4.000 $ 4,000 $ 4,000 $ 4.000 $ 20,000 Diffusers sanitare fine bubble diffuser 2261 t e9 diffuser 4.000 1 j $ 7,500 I $ 2,500 $ 2,500 $ 2,500 $ Decant Sys.2 _ Decant arm _ _ I _ $ - __ 11111111111111.1111111.111111111111111 200 $ 200 $ 200 $ 200 $ 200 L$ 200 $ 200 ; $ 4,000 SBR3 $ '00 $ 20O $$ 200 $ 200 $ 200 $ 200 I $ 200 $ 200 $ 200 $ D.O. meter 3 D.O. meter meter oxy1100 $ 200 $ 200 $ 200 -'f"- i $ 4,000 I $ 20,000 - $ 4,000 I $ 4,000 $ 4,000 $ 4,000 $ Diffusers sanitare fine bubble diffuser 22611e9 diffuser $ 2,500 $ 7,500 - I $ 2,500 I $ 2,500 ® $ SYs_ 3 Decant arm - $ 4,000 $ 16,000 Decant -._ - $ 4,000 I , $ 4,000 _ PLC503 $ 4,000 1 $ Pan control panel panel - r $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000-�� $ 20,000 flow $ 1,000 $ 1,000 $ 1,000 $ 1,000.1 $ 1,000 $ 1,000 $ 1,000 $ 1,000 I i Filter 1 ter 1 filter 1 filter centra $ 1,0001 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000' $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $-l,000 1 $ 20,000 Fitter2 filters filter $ 1,000 $ 1,000 $ 1,000 $ 1,000 1 11.1111111111111.1111111.111111.1011111.1 500 $ 503 $ 500 I 5,000 $ 500 $ 500 $ 500 � $ 500 $ $ Chempumpt chemical pump 1 chem pup $ 500 ( _111.111111111111111.11.10111111111.1111111111 $ 100 $ 100 $ $ 100 j $ 100 $ 100 2,000 $$11+00• $-100_ $ 100 $ 100 $ 100 $ 100 $ 100 $ $ 100 E! $ 100 $ _Safety kit first aid kit safety $ 100 $ 100 $ 100 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $� $ 1,500 • $ 1,500 $ 1,500 $ 1,500 $ 1,503 , $ 1,500 $ 1,500 $_ 30,000 $ 1,500 1 $ 1,500 5� $ 1,500 $ 1,500 $ 1,500 Suilding stmeturallelectncal $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 1,500 j $ 1,500 $ $ 1,500 $ 1.50®$ 1.500 $ 1,500 $ 1.500 $ 1,500 $ 30,000 $ Grounds grounds maintenance $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ 4,500 ! 27,000 I 4,500 I $ 4.500 $ 4,500 $ 4.500 . $ Comp 1 computer -- $ 4,500 _ $ - 1 1 I I 100 $ 100 $ 3000 13,600. 1 $ 100 $ 100 $ 100 $ 3,000 $ 100 $ 100 $ 100 I $ 100 $ 3,000 $ 100 $ 100 $ $ - air safety 3 000 $ 100 $ 100 I $ 100 $ 100 $ $ 100 1 1 - Safetyairpac safety pac I I 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 200 $ 4000 safety $ 200 $ _2007 $ 200 $ 200 $ 200 I $ 200 i $ j Gas detector __ I-$ b 5,000 $ 5,000 $ 5,000 $ 5,000 �I $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 j $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000. $ 100,090, Misc Miscellaneous Repa rs $ 5,000 5,000 $ 5,000 $ 5,000 $ 5,000 I S 18,000 $ 20,000 j $ 45,400 $ 42,000 ! $ 13,000 $ 40,000 $ 20,000 $54,900 $ 625,100 _-__ TOTAL BUDGET _ $13,000 j $ 15,000 $ 33,500 C $ 42,000 8 29,900 1 5 40,000 S 16,000 I " $ 42,000�S 30,50050,500 31,900 $� , $ 21,090 $ 57,000 T