Laserfiche WebLink
<br />BEQUEST.R CI~QUUCIL AGENDA ITEt <br /> <br />Agenda Date Requested: <br /> <br />November 9, 1987 <br /> <br />Requested By: John D. Armstron~ Department: Attorney, LPAWA <br />Contract Approval <br />Report Resolution Ordinance <br /> <br />Exhibits: <br /> <br />Contract for the Supply of POtable Water and the Construction, Financing, and Operation <br />of Water Treatment Transmission and Distribution FAcilities between La Porte Area Water <br />Authority and the City of La Porte <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />City Council has seen the contract in its entirety and has approved the contract <br />in the past. <br /> <br />Bond counsel for the La Porte Area Water Authority has reviewed and approved the contract <br />as submitted. The only changes of substance are: <br /> <br />A. Section 10.01 - language has been updated to reflect the new tax reform <br />act of 1986; <br /> <br />B. Section 6.01 has been upd~ted to reflect the new financing formula, which <br />has been made consistent with the financing and cost formula contained <br />in the City of Houston's Water Sales Contract to the La Porte Area Water <br />Authority. A total of five Baker & Botts lawyers have reviewed the contract <br />and have approved it. <br /> <br />, , <br /> <br />Action Required by Council: <br /> <br />Contract Approval <br /> <br />Availability of Funds: <br /> <br />General Fund <br />Capital Improvement <br />Other <br /> <br />Water/Wastewater <br />General Revenue Sharing <br /> <br />Account Number: <br /> <br />Funds Available: __ YES <br /> <br />NO <br /> <br />A <br /> <br /> <br />ouncil A e a <br /> <br />/~~6 h7 . <br />DKT I <br />