Any and all shares or rights to be delivered to the City, as required by this chapter, shall be recognized by the State Water Engineer and acceptable to the City. The City may, at its discretion, accept cash in an amount set by the City Council; the cash amount shall be established upon the then current share price of Davis and Weber Canal water in lieu of conveying tangible water shares or rights. Water shares or rights shall be submitted to the City Administrator or his/her designee. All water shares or rights transferred to and accepted by the City shall be held in the sole ownership of the City upon transfer of the same. The City Administrator or his/her designee shall have the right to vote its water shares in accordance with the applicable rules and regulations governing the same and shall coordinate contacts and actions of the City with the respective canal or irrigation companies in which the shares are owned. (Ord. 904, 9-18-2018)