Agmt75 South Bayside System Aut - Silicon Valley Clean Water

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. custodies, excepting', however. all state and. federal. grant'. . moneys or other moneys held or to be held by the 1969 autho- rity and received or to be received by it in payment for the cost of any of the 1969 facilities theretofore paid for by any of the cities, all of which moneys shall be paid over by the 1969 authority to the city or cities entitled thereto; and (b) the proper officers and employees of the 1961 authority and, if required, the proper officers and employees of the cities that are parties to the 1969 agreement, shall execute or cause the execution of all deeds, bills of sale, assignments, consents and other documents, of transfer required to vest in the Authority title to all other property (real, personal and mixed) then owned by the 1969 authority and all rights and obligations of the 1969 authority under all contracts to which it is then a party. Section 5.3. Maintenance and Operation of 1969 Facilities. Upon the organization of the Commission, the Authority shall assume the maintenance and operation of the 1969 facilities and until July 1st next succeeding the opera- tive date of Stage I of the Project (as hereinafter defined in Section 5.7) shall maintain the Joint Operating Fund pro- vided for in Section 9 of the 1969 agreement and shall pay all administrative expenses of the Authority and all mainten- ance and operation costs of the 1969 facilities from said fund. Belmont, Redwood City and San Carlos shall continue to make deposits into said fund pursuant to Sections9 and 10 of the 1969 agreement and any and all funding agreements by and bet- ween the 1969 authority and Menlo. Menlo shall deposit its shares of administrative expenses of the Authority in said fund pursuant to such funding agreement or agreements but shall not be liable for any maintenance and operation costs of the 19 1005042