Utility assets definition
Examples of Utility assets in a sentence
Owner or tenant of property on which is located habitable building improvements and which is not a utility user/customer as of the day prior to the day on which title to the Mequon Water Utility assets vest in the City of Mequon.
The Mequon Water Utility may calculate a ratio between the amount of new assets acquired and the projected future revenues generated, operating costs, and with respect to total Mequon Water Utility assets to establish metrics and/or guidelines for the Mequon Water Utility Commission and Water Services Agreement.
By ordinance (City of Mequon Code of Ordinances Section 86-10c), no owner or tenant of property on which is located habitable building improvements and which is not a utility user/customer as of the day prior to the day on which title to the Mequon Water Utility assets vest in the City of Mequon, shall be required to connect to the utility at any time.
Among other things required by the preceding sentence, IGU and any other entity with authority over IGU or its assets will establish and execute policies to limit the sale, lease, or other disposal of IGU assets material to the production of revenues unless the remaining Integrated Utility assets will generate revenues sufficient to result in compliance with the operating covenants.
The Utility’s Office Building as well as any vacant real estate owned by the Utility and all well sites, tank sites and other Utility assets located thereon, including all fixtures, equipment and other items of realty and personalty associated therewith.