§ 10.03. Disposal of utility plants and property.

The City shall not sell, exchange, lease, or in any way alienate or dispose of the property, easements, or other equipment, privileges, or assets which are essential parts of any utility which it may acquire, unless and except the proposition for such purpose shall first have been submitted and approved by a majority vote of the electors voting thereon at a general or special municipal election. All contracts, negotiations, licenses, grants, leases, or other forms of transfer in violation of this provision shall be void and of no effect as against the City. The provisions of this section shall not, however, be interpreted to preclude the sale, exchange, or other disposal to the advantage of the City, of parts of a utility's property and assets which are not essential to continued effective utility service and the disposal of which will not prejudice municipal interests. The provisions of this section shall also not be interpreted to preclude the sale, exchange, or other disposal to the advantage of the City, of parts of a utility's property and assets which sale, exchange or transfer is made pursuant to a plan of finance approved by the City council for the purpose of acquiring, constructing, extending, replacing or maintaining municipally owned utilities and does not adversely affect the continued effective utility service or prejudice municipal interests.

(Amended by General Municipal Election on November 7, 2000; Amended by General

Municipal Election on November 2, 2010)

ARTICLE XI Roseville Independent Redistricting Commission