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~~II1I~, <br />;ILA, <br />~~,~~ <br />7~:' <br />iei <br />• • <br />Resolution 90-3, Page 2 <br />WHEREAS, the City requested that the Commission release from <br />escrow the amount of $2,175,500 to proceed with construction; and <br />WHEREAS, the Commission subsequently released from escrow <br />$2,175,500 for the construction of the Expansion of the La Porte <br />Sewage Treatment Plant and the construction of the Fairmont <br />Parkway Relief Sanitary Sewer, and construction was completed on <br />July 27, 1988; and <br />WHEREAS, the City has retained engineering services to <br />prepare plans and specifications for the construction of a <br />500,000 gallon elevated water storage tank and related water <br />lines (the "Project"); and <br />WHEREAS, the City desires to secure the release from escrow <br />the amount of $356,500 in order to proceed with the construction <br />of the Project; therefore, <br />BE IT RESOLVED BY TFiE CITY COUNCIL OF THE CITY OF L,A PORTE: <br />Section 1. That the recitals in the preamble of this <br />Resolution be, and are hereby, adopted as findings of fact by the <br />City Council of the City and made a part of this Resolution for <br />all purposes, and the terms defined in said recitals shall have <br />the same respective meanings when used in the body of this <br />Resolution. <br />Section 2. That a ropy of this Resolution, duly certified <br />by the City Secretary, shall be filed with the Texas Water <br />Commission as a formal request by the City for authorization, <br />approval or instruction of the release of the amount of $356,500, <br />plus all interest earned thereon, from escrow with the Bank <br />pursuant to the Escrow Agreement, in order that such funds may be <br />utilized to pay the costs of the construction of the Project. <br />Section 3. That the appropriate officers of the City and <br />the City's Engineer and Attorney be, and they ar.e hereby, <br />respectively authorized and directed to execute and deliver all <br />such documents and take al]. such further action as they, or any <br />of them, may deem necessary or appropriate in order to secure the <br />release of such funds from escrow or otherwise to carry out the <br />spirit and intent of this Resolution. <br />gar <br />~4i <br />