(a) On the date the board enters a finding under Section 7219.052(b) that the district will be dissolved, the city shall assume:
(1) control of the operation and management of the affairs of the district, to the extent that the operation and management was not previously assumed by the city by contractual agreement;
(2) all rights, duties, and obligations of the district, including existing contracts, duties, assets, property, easements, financial obligations, and liabilities of the district, to the extent that those rights, duties, and obligations were not previously assumed by the city by contractual agreement;
(3) all files, records, and accounts of the district, including those that pertain to the control, finances, management, and operation of the district; and
(4) all permits, approvals, and licenses of the district.
(b) To the extent that the assumption of an item listed in Subsection (a) requires the approval of a state agency, the state agency shall grant approval without additional notice or hearing.
(c) This section does not enhance or harm the position of a contracting party.