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<br />e <br /> <br />e <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />X Report <br /> <br /> <br />1987 <br /> <br />Agenda Date Requested: November <br />Requested By: Steve Gillett <br /> <br />epartment: Public Works <br /> <br />Resolution Ordinance <br /> <br />Exhibits: <br />Contract for supply of potable water and the construction, <br />financing and operation of water treatment transmission and <br />distribution facilities between La Porte Area Water Authority and <br />the City of Morgan's Point. <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />City Council has seen the contracts in their entirety and has <br />approved the contracts in the past. <br /> <br />Bond Counsel for the La Porte Area Water Authority has reviewed <br />and approved the contract as submitted. The only changes of <br />substance are: <br /> <br />A. Section 10.01 - language has been updated to reflect the <br />new tax reform act of 1986; <br /> <br />B. Section 6.01 - has been updated to reflect the new <br />financing formula, which has been made consistent with <br />the financing and cost formula contained in the City of <br />Houston's Water Sales Contract to the La Porte Area <br />Water Authority. A total of five Baker & Botts lawyers <br />have reviewed the contract and have approved it. <br /> <br />The City of Morgan's Point approved their contract on November 11, 1987. <br />This item is identical to the one previously submitted for Bayshore <br />Municipal Utility District and the City of La Porte. <br /> <br />Action Required by Council: <br />Approval of contract between LPAWA and the City of Morgan's Point. <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: <br /> <br />YES <br /> <br />NO <br /> <br />( <br />Rob <br />Cit <br /> <br /> <br />Council Agenda <br /> <br />~to/n <br />DAT ( <br />