12-5507. Same; service agreement, terms relating to ownership of property; default. The agreement shall specify the title and ownership of all property involved in providing the public service, including any property owned by the municipality to be used by the private contractor. The service agreement may contain provisions under which title to any land, equipment or facilities in the name of the private contractor shall vest in or revert to the municipality, including provisions to be implemented if the private contractor defaults under any specified provisions in the service agreement. The municipality may acquire or reacquire any facility and terminate the service agreement in accordance with its terms, notwithstanding that the service agreement may constitute an equitable mortgage.
History: L. 1990, ch. 64, ยง 7; July 1.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 55 - Privatization Of Public Services
12-5501 Privatization of public services; definitions.
12-5502 Same; contract with private contractor.
12-5503 Same; service agreement; term; service fee; limitations.
12-5504 Same; proposals; public hearing, feasibility analysis; protest petition.
12-5505 Same; service fee, payment of; taxes, fees, charges, special assessments.
12-5507 Same; service agreement, terms relating to ownership of property; default.
12-5508 Same; contractor's exclusive right to provide service.
12-5509 Same; property tax exemption; reduction of payments.
12-5510 Same; this act not exclusive authority for privatization.