1987-11-23 Regular Meeting - Laserfiche WebLink

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.- e REQUEST FOR CITY COUNCIL AGENDA ITEM Report 1987 Agenda Date Requested: Requested By: Steve Gillett Public Works x Resolution Ordinance Exhibits: Contract for supply of potable water and the construction, financing and operation of water treatment transmission and distribution facilities between La Porte Area Water Authority and the City of Shoreacres. SUMMARY & RECOMMENDATION City Council has seen the contracts in their entirety and has approved the contracts in the past. Bond Counsel for the La Porte Area Water Authority has reviewed and approved the contract as submitted. The only changes of substance area: A. Section 10.01 - language has been updated to reflect the new tax reform act of 1986; B. Section 6.01 - has been updated to reflect the new financing formula, which has been made consistent with the financing and cost formula contained in the City of Houston's Water Sales Contract to the La Porte Area Water Authority. A total of five Baker & Botts lawyers have reviewed the contract and have approved it. The City of Shoreacres approved their contract on November 9, 1987. This item is identical to the one previously submitted for Bayshore Municipal Utility District and the City of La Porte. Action Required by Council: Approval of contract between LPAWA and the City of Shoreacres. Availability of Funds: General Fund Capital Improvement Other Water/Wastewater General Revenue Sharing Account Number: Funds Available: YES NO Approved for City Council Agenda Q~ TI l~ Robert T. Herrera City Manager \\ \,\()l\()l DATE