1945-10-08 Meeting - Laserfiche WebLink

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331 i • THIS COPY OF AGREEAQENT EETWEEN TEE CITY OF LA PORTE AND THE HOUSTON LIGHTING AND P~ CO. OF HOUSTON, TEXAS, ARE MADE A PART OF THE MINUTES OF THE MEETING OF 'THE CITY COUNCIL OF OCTOBER 8, 1945• Sertexber 5, 1945 Hexsrabl• ~aysr ax~l City Ceuxeil City eP ha Pertc, Texas Gsxtlsxexs EPfeetivs at the slese sf the salsxlar year 194!}. the Prsfit Sharixg Agreexext, as s,aux~lsi, betweex the City •f Hsustsx axl the CsmPaxy was teruixate~ ax~l saxsellei. The City of Hsustsx ax~l the Cea~Paxy xegetiate~l ax~l sxtersl ixt• ax •Peratiag agreeaext whereby the City •f I~sustex will ssxtixus t• rsseive ~luriatg the terx eg sash agreeiext mi.xy •f the bsxe- fits it hat theretsfere reseive~l uxlsr the Prsfit Sharixg Agree- xext. This sPeratiaag agreoasxt is fsr a Prixary tsrx •f three years begixffiixg Jaxuary 1, 1945, axi sx~ixg Dssexbsr 31, 1947• Uxless either Party withix xst lass thax 90 ~lays`Prisr is Dessxber 31, 1947,givss the ether xetise •f its ixtextiex xet to rexsw, the agreemext will ssxtixus ix •ffest fsr ax a~l~litiexal ~ahrse years. ' The CexPaxy, Pursuaxt t• its ~utiferx Pelisy, iesirs$ t• extent t• the ether ixssrPerats~ sities axl tewxs whieh it serves bexefits whish are Prersrtiexate is the betefits the City of Hsustsx will rsseive uxler the absve siextiexel •Perating agrse- xsxt. T• that sx~l the CexPaxy Prerssss that sffsstivs as •P Jaxuary 1, 1945, the City •f La Pe its will rsseive the fiilsRixg: 1. Th• CeaPaxy will Pay ysur City withix fsrty-Pius X45) .Mays after the elsse •f sash mar tws Psrssxt (2~) •f its axxual grass rsssiPts frsx the sale •f elestrisal exergy is sustexers withix ysur City~fsr all slasses •f use expert gwerxxextal ax1 auxisiPal sales, sales t• ether rublis utilities ax~l salsa ix- velvixg the i.~terehaxge ~rf •lsstris sxergy. This grass reseiPts Paynext will xst affeet the sresial sextrast rates ysur City xsw Pays us fsr siuxieira~ fervises• 2. Durixg the time the absve xextiexe~l •Psratixg ~agrsexext bstweex the City •f Hsustsx axl the CexPaxy reaaixs ix sffest withsut substaxtial axexdasxt •r revisiea, the CeaPaxy (a) will •rsrate withsut asst t• the City •f La Parts, the 9 everhsa~l street lights of 25® eax11. Petinr, whioh Pursuaxt t• •ur letter agrsexext with yeu iatel May 15, 19la1, were ixstall- •~l ax~l have sixes besx •rerats~l wit}~sut asst t• ysur City, axl (b) will ixstall axl •Perat• withsut asst is ysur City ax`ial~li- tisxal 9 everheal street lights of 25• sax~ils Pswer tetlsn iY_ strustisxs •f the City Ceuxsil as t• the street ixtersestiexs where Bash xew light is t• be lesate~l. 3. The agres~uxt hsrsix with resrsst t• the grass re etirts rayxext sresifis~l ix 1 absve, axl the street lights Pre- vils~l fsr ix 2 absve, will be sffsstivs se lexs as the absve xsxtisxel •Psratixg agreesiext betweex the City of Eeustex axi the CsxPaxy is xet •axsslls~l •r anuxie~l ix axy xaterial rs- sPaot. As ws eaxast xaixtaix sur Presext law rates, Pay 2°a •f ear grass reeeirts ax~l Pay ether eh,~rgss ssxetimes ixrese~l, yea -.