09-23-1987 Meeting - Laserfiche WebLink

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• ARTICLE II CONSTRUCTION OF THE PROJECT 2.01 The Project - In General It is understood by the parties that the Authority is buying an equity ownership in the Project in a proportion as evidenced by a percentage of the capital investment paid by the Authority as detailed elsewhere in this Contract, Houston and the Authority acknowledge and agree that Houston shall undertake to construct the Project under the terms of this Article. Such Project shall consist of certain raw surface water transmission facilities and surface water treatment facilities capable of producing approximately 80 MGD on the maximum day of treated potable water and of certain treated water storage facilities and treated water pumping facilities capable of storing approximately 25 million gallons of potable water and pumping approximately 156,000 gallons per minute (on the peak hours of demand) of treated potable water. Upon completion of the Project as described in Section 2.05 and payment in full of ali monies payable under Section 2.04, the Authority shall be entitled to .,. ,. s>. an Initial Demand Allocation Factor of 5.25 percent and as Initial - Pumping Allocation Factor of 2.33 percent. As part of its obligations under the terms of this Contract, - Houston shall pay its pro rata share of the cost of construction of the Project. iiovston admits t3~at .it will seek additional parties as participants in the c~onstrneton of the Project under separate contracts and under terms and conditions similar to those stated herein. 2.02 Design and Construction of the Project `~ ~_.-li) Houston has heretofore com leted the P design as• ~eli'~s - the plans and specifications for the Project. In Jrx~e of 1986, Houston awarded the principal construction contract for the Project. The above-mentioned documents are a public record of Houston and have been examined and approved by the Authority. (ii) Houston agrees to construct the Project and the additional facilities described in Sections 1.23, 1.24 and. 1.25 in accordance with the Preliminary Engineering Report and all-Supplements thereto prepared by Turner Collie and Braden, Inc. and the Preliminary Engineering Report and all supplements thereto prepared by Bovay Engineers, Inc. 7