R-1988-13 - Laserfiche WebLink

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e) - ARTICLE I Definition of Terms Section 1.01 Unless the context requires otherwise, the following terms and phrases shall have meanings as follows: (1) Act - Chapter 729, page 2678 et seq., Acts of the 67th legislature of the State of Texas, Regular Session, 1981. (2) Authority - The La Porte Area Water Authority. (3) Authority Director - the General Manager of the La Porte Area Water Authority, or his designated representative. (4) Board The Board of Directors of the Authority. (5) Bond Resolution - any resolution or order of the Author- . ity, duly approved by the City, which authorizes the issuance of any Bonds. ( 6 ) Bonds - any revenue bonds issued by the Au thor i ty, as authorized by this Contract and any Bond Resolution, whether one or more issues, and the interest appertaining thereto, to finance the Authority's participation in the Southeast Plant, the Transmission System, and the Distri- bution System, including all improvements, enlargements, and expansions thereof, and any Bonds issued to refund such bonds. (7) City - the City of La Porte, Harris County, Texas. ( 8 ) City System - the City's sewer system, together extensions, additions, thereto. existing waterworks and sanitary with all present and future replacements and improvements (9) Code - the Internal Revenue Code of 1986, as amended. (10) CWA - the Coastal Water Authority, previously known as the Coastal Industrial Water Authority. (11) Demand Allocation Factor - the percentage of the prOduc- tion capacity of the Southeast Plant which the Authority is entitled to use at any given time. The initial Demand Allocation Factor for the Authority will be the percentage of the actual production construction cost paid by the Authori ty divided by the total actual production construc- tion cost, as specified in Section 2.01 of the Houston Contract. The initial Demand Allocation Factor is 5.25%. -4-