O-2000-2421 - Laserfiche WebLink

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e e WHEREAS, under the Act the Authority has specific power, among others, to (a) acquire surface Water supplies from sources inside and outside its boundaries, (b) treat, purify, transport, distribute, sell and deliver Water (as defined herein) to corporations, municipal corporations, political subdivisions of the State of Texas and others, (c) purchase, construct or otherwise acquire facilities and improvements necessary to carry out its powers, and (d) issue and sell its revenue bonds, without the necessity of an election, for the purpose, among others, of paying the cost of such facilities and improvements; WHEREAS, at the request and for the benefit of the City and such other Participants, the Authority has entered into a contract with the City of Galveston, Galveston County, Texas, a municipal corporation organized and existing under the laws of the State of Texas, for the purpose of purchasing a 3MGD additional undivided interest in the Pumping and Production Capacity of the City of Houston's Southeast Water Purification Plant (hereinafter called the "Southeast Plant"); WHEREAS, the Authority has entered into a Cost Sharing Agreement with the City of Houston for the expansion of the Southeast Plant, and the expansion has increased Production Capacity of the Southeast Plant from 80 MGD to 120 MGD, which has provided the authority the rights to an additional 3.6 MGD of production capacity, of which the Authority has sold the rights for 3 MGD to other entities by entering into an Excess Rebate Water Purchase Agreements and has retained the rights to .6 MGD, and the expansion has also lowered the Pumping Capacity of the plant from 225 MGD to 200 MGD. WHEREAS, in order to continue to comply with the rules and regulations of the Subsidence District, the City desires to purchase additional Water from the Authority on 2