R-1987-04 - Laserfiche WebLink

Browse Search

. e Resolution No. 87';:'4 , Page 3 of Morgans Point, the City of Shoreacres, and the Bayshore Municipal Utility District~ and (ii) to issue, sell and deliver its revenue bonds in an aggregate principal amount sufficient to pay in full the costs of acquiring the Authority's share of the Southeast Plant and the transmission system and other related costs including the cost of issuing such bonds~ WHEREAS, the Authority has heretofore entered into or will enter into Contracts for the Supply of Potable Water and the Con- struction, Financing and Operation of Water Transmission Facilities with the City of La Porte, the City of Morgans Point, the City of Shoreacres, and the Bayshore Municipal Utility District and all such Contracts and this Contract (collectively, the "Water Sales contracts") will be substantially the same in all material respects in their terms, conditions and provisions~ WHEREAS, in order to comply with the rules and regulations of the Subsidence District at the earliest feasible date, the City of La Porte, the City of Morgans Point, the City of Shoreacres, and the Bayshore Municipal Utility District desires to purchase Water from the Authority on the terms and conditions herein set forth and the Authority is willing to sell Water to the City of La Porte, the City of Morgans Point, the City of Shoreacres, and the Bayshore Municipal Utility District upon the same terms and conditions~ WHEREAS, the Authority and the City of La Porte, the City of Morgans Point, the City of Shoreacres, and the Bayshore Municipal Utility District are authorized to enter into this Contract pursuant to the Act, V.A.T.C.S. Article 4413 (32c), and Chapter 729, Page 2678, Acts of the 67th Legislature of the State of Texas, Regular Session, 1981, and other applicable laws~ and WHEREAS, Chapter 729, Page 2678, Acts of the 67th Legislature of the State of Texas, Regular Session, 1981, In Section 5 (f) requires that the City Council of the City of La Porte approve all such Water