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<br />~ . <br /> <br />THIS CONTRACT IS SUBJECT TO ARBITRATION <br />UNDER THE TEXAS GENERAL ARBITRATION ACT <br /> <br />CONTRACT FOR THE SUPPLY OF POTABLE WATER AND THE <br />CONSTRUCTION, FINANCING AND OPERATION OF WATER TREATMENT <br />TRANSMISSION AND DISTRIBUTION FACILITIES <br /> <br />THIS CONTRACT (the <br />~ <br />Z. ~ day <br /> <br />"Contract") made and entered <br /> <br />into as of <br /> <br />the <br /> <br />of .AJ~' , 191f4 by and between La Porte Area Water <br /> <br />"Authori ty.), a conservation and reclamation district <br /> <br />Authority ,(the <br /> <br />in Harris County, Texas, and a governmental agency and a body politic <br /> <br />and corporate, created by Chapter 729, page 2678, .~cts of the 67th <br /> <br />Leg islature of the State of Texas, Regular Sess ion, 1981 (the "Act"), <br /> <br />and the City of La Porte, Texas, a municipal corporation of the State <br /> <br />of Texas (the "City"), <br /> <br />WIT N E SSE T H: <br /> <br />WHEREAS, the Harris-Galveston Coastal Subsidence District <br /> <br />(the "Subsidence District"), was created by the Legislature of Texas <br /> <br />in 1975 for the purpose of regulating the withdrawal of groundwater <br /> <br />from the area wi thin the boundaries of Harris County and Galveston <br /> <br />County in order to end subsidence which contributes to or precipitates <br /> <br />flooding, inundation or overflow of any area within the District~ <br /> <br />WHEREAS, the Subsidence District is charged with the duty <br /> <br />and has the power to control and prevent subsidence within its <br /> <br />boundaries by reducing the amount of groundwater withdrawals from <br /> <br />all wells wi thin the Subsidence District which produce groundwater, <br /> <br />including those owned and operated by corporations, governmental <br /> <br />subdivisions or agencies and other organizations~ <br /> <br />wHEREAS, the City and other Participants named in Section <br /> <br />2.01 hereof are required by the rules and regulations of the Subsidence <br />