09-23-1987 Meeting - Laserfiche WebLink

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SEPTEP1BEH 21 , 1987 CITY OF HOUSTON, TEXAS LA PORTE AREA WATER AUTHORITY COST SHARING WATER PROJECT CONTRACT STATE OF TEXAS COUNTY OF HARRIS KNOW ALL MEN BY THESE PRESENTS: This cost sharing water project contract (the "Contract") made and entered into as of the date last specified by and between the CITY OF HOUSTON, Texas, a municipal corporation which is situated and has its principal office at City Hall, Houston, Harris County, Texas (hereinafter called "Houston"), and the LA PORTE AREA WATER AUTHORITY, a conservation district and political subdivision of the State of Texas which is situated in and has its principal office at City Hall, La Porte, Harris County, Texas (hereinafter called "the Authority"). .• W I T N E S S E T H: WHEREAS, both 1Houston and the Authority desire to proceed expeditiously with the acquisition and construction of certain raw surface water transmission facilities, surface water treatment facilities, treated water storage facilities and pumping facilities otherwise known as the Southeast Water Purification Plant (the "Project"), to serve both Houston and the Authority, and ~:.. WHER£A.S, because of the plans of the Authority to~supplq ezia?t#ng and future treated water needs and the plans of Houston to supplq existing and future treated water needs, it is deemed and hereby found to be more efficient and cost-effective for both Houston and the authority to jointly finance the construction and operation of thQ Project; and . WHEREAS, the joint construction and the operation of the Project by-means of this Contract will facilitate needed water supplies to serve both Houston and the Authority, and will help alleviate area subsidence problems; and NOW, THEREFORE, Houston and the Authority hereby agree to cost sharing for the construction and operation of the Project under the terms and conditions and for the considerations hereinafter set forth as follows, to-wit: