All properties, property rights, and interests of every kind or nature owned or held by the city, however acquired, insofar as they relate to or concern storm or surface water facilities, are hereby transferred to the storm and surface water utility, including, by way of example and not limitation, all properties, rights and interest acquired by adverse possession or by prescription in and to the drainage and storage of storm or surface waters over and under lands, watercourses, streams, ponds, and estuaries to the full extent of inundation caused by the largest storm or flood condition.