2. Village’s Physical Water Assets. The Village’s physical water assets to be

Staff Report & Agenda Item Details

transferred to the City pursuant to this Agreement include the Village’s water transmission and distribution system and hydrants. A map showing the location of the Village’s physical water assets is attached hereto, and incorporated herein as Exhibit 2. A list of the Village’s physical water assets (other than property rights which are covered by Paragraph 4) to be transferred to the City by this Agreement is attached hereto, and incorporated herein as Exhibit 3. The Village shall timely execute any bills of sale to transfer the physical assets listed on Exhibit 3 to the City effective as of the Transfer Date (as defined in Paragraph 5). The Village is Report Attachment #4.1.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.