R-1990-03 - Laserfiche WebLink

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e e Resolution 90-3, Page 2 WHEREAS, the City requested that the Commission release from escrow the amount of $2,175,500 to proceed with construction; and WHEREAS, the Commission subsequently released from escrow $2,175,500 for the construction of the Expansion of the La Porte Sewage Treatment Plant and the construction of the Fairmont Parkway Relief Sanitary Sewer, and construction was completed on July 27, 1988; and WHEREAS, the City has retained prepare plans and specifications for 500,000 gallon elevated water storage lines (the "Project"); and engineering services to the construction of a tank and related water WHEREAS, the City desires to secure the release from escrow the amount of $356,500 in order to proceed with the construction of the Project; therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE: Section 1. That the recitals in the preamble of this Resolution be, and are hereby, adopted as findings of fact by the City Council of the City and made a part of this Resolution for all purposes, and the terms defined in said recitals shall have the same respective meanings when used in the body of this Resolution. Section 2. That a copy of this Resolution, duly certified by the City Secretary, shall be filed with the Texas Water Commission as a formal request by the City for authorization, approval or instruction of the release of the amount of $356,500, plus all interest earned thereon, from escrow with the Bank pursuant to the Escrow Agreement, in order that such funds may be utilized to pay the costs of the construction of the Project. Section 3. That the appropriate officers of the City and the City's Engineer and Attorney be, and they are hereby, respectively authorized and directed to execute and deliver all such documents and take all such further action as they, or any of them, may deem necessary or appropriate in order to secure the release of such funds from escrow or otherwise to carry out the spirit and intent of this Resolution.