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1987-11-09 Regular Meeting
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1987-11-09 Regular Meeting
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
11/9/1987
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<br />e <br /> <br />e <br /> <br />r - <br /> <br />MONTHLY MINIMUM CHARGE = <br /> <br />{~2 X Bh1 X B}+~~ X E)+G X +~2 X +(~ X H) <br /> <br />A - The total of all principal and mandatory sinking fund payments <br />of, and premium on, all outstanding Bonds due within the next <br />twelve (12) months, the net proceeds of which have been or <br />are to be used for Production Capacity and Pumping Capacity. <br /> <br />B - Percentage of City's share of the Authority's Initial Demand <br />and Pumping Allocation Factor in Section 2.01 of Houston <br />Contract. In this instance, the Authority's share is 100% and <br />the share of each Participant is as follows: <br /> <br />La Porte - 83.30% <br />Morgan's Point - 4.29% <br />Shoreacres - 4.74% <br />Bayshore Municipal Utility District - 7.67% <br /> <br />C - Total interest due on all outstanding Bonds due within the <br />next six (6) months, the net proceeds of which have been or <br />are to be used for Product ion Capac i ty and Pump ing Capac i ty. <br /> <br />D - The total of all principal and mandatory sinking fund <br />of, and premium on, all outstanding Bonds due within <br />twe 1 ve (12) months, the net proceeds of whi ch have <br />are to be used for the Transmission System. <br /> <br />payments <br />the next <br />been or <br /> <br />E - Percentage of the City's share of the total cost to construct <br />Transmission System, as established in Section 2.03 of this <br />Contract. <br /> <br />F - Total interest due within the next six (6) months on all out- <br />standing bonds, the net proceeds of which have been or ar~ to <br />be used for the Transmission System. <br /> <br />G - The total of all principal and mandatory sinking fund payments <br />of, and premium on, all outstanding Bonds within the next <br />twelve (12) months, the net proceeds of which have been or <br />are to be used for the Distribution System. <br /> <br />H - Percentage of the City's share of the total cost to construct <br />the Distribut ion System, as establ ished in Sect ion 2.03 of <br />this Contract. <br /> <br />I - Total interest due within the next six (6) months on all out- <br />standing bonds, the net proceeds of which have been or are to <br />be used for the Distribution System. <br /> <br />The proceeds of the Bonds used for a particular purpose shall <br /> <br />include: (i) the Authority's costs of issuing such Bonds: (ii) any <br /> <br />amounts deposited to a fund or funds pursuant to the Bond Resolution <br /> <br />-25- <br />
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