(2) Units of local government and special districts that enter into an urban service agreement shall consider the agreement’s effect on the financial integrity and operational ability of each service provider and its protection of the solvency and commitments of affected service providers. When an urban service agreement provides for the elimination, consolidation or reduction in size of a service provider, the urban service agreement shall address:
(a) The capital debt of the provider and short- and long-term finances;
(b) Rates;
(c) Employee compensation, benefits and job security; and
(d) Equality of service. [1993 c.804 §5]