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EXHIBIT E <br />MUNICIPAL UTILITY DISTRICT AGREEMENT <br />Between <br />THE CITY OF CLEVELAND <br />And <br />THIS MUNICIPAL UTILITY DISTRICT AGREEMENT ("Agreement"), entered into <br />pursuant to Section 715.84 of the Ohio Revised Code (''R.C.'� and Article XVIII, Sections 3, 4 and <br />6 of the Ohio Constitution as of the day of , 2018 ("Effective Date"), by <br />and between the City of Cleveland, Ohio (" Cleveland's, pursuant to the authority of Ordinance <br />No. 1683-06, passed by Cleveland City Council on October 30, 2006, and the ("Municipality', <br />pursuant to the authority of Ordinance No. , passed by the Council on <br />, 2018; Cleveland and (collectively the "Parties' are municipal corporations <br />in, and political subdivisions of, the State of Ohio (the "State', and duly organized and validly <br />existing under the laws of the State. <br />RECITALS: <br />1. Cleveland provides a long-term, reliable supply of high quality water service to <br />political subdivisions in the region including that facilitates new and expanded commercial and <br />industrial growth and strengthens the tax base for the benefit of residents. <br />2. The provision of Cleveland water facilitates economic development, creates and <br />preserves jobs, improves property values, and advances the economic welfare of the inhabitants <br />and businesses located within Cuyahoga County. <br />3. The provision of Cleveland water outside its borders may have negative economic <br />impacts for Cleveland through the loss of economic development that may otherwise have <br />occurred within Cleveland. <br />4. The Parties desire to work toward a regional economy focused on growth, <br />innovation, and cooperative efforts, rather than competition amongst municipal neighbors within <br />Cuyahoga County. <br />5. As part of this regional approach, Cleveland is willing to extend the terms of <br />existing water service agreements with the Parties and assume ownership of the water <br />distribution systems owned by the Parties, thus relieving them of the financially burdensome <br />responsibilities to perform capital repairs and replacements of the distribution systems. <br />6. To facilitate the transfer of ownership of such distribution systems, as well as <br />cleaning, relining, maintenance, repair, and replacement responsibilities, the Parties have entered <br />into a Restatement of the Water Service Agreement, dated as of , 2018. <br />7. The Parties intend to enter into this Agreement to create and provide for the <br />operation of a municipal utility district in accordance with R.C. §715.84 for the purpose of <br />facilitating new or expanded growth for commercial or economic development for the benefit of <br />their residents and of the State. <br />