HomeMy WebLinkAbout04-22-1998 Meeting
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LA PORTE AREA WATER AUTHORITY
MINUTES
Apri122, 1998
The meeting was called to order at 6:45 PM by Secretary Albert Fields
Members Present: Secretary Albert Fields, Member Robert Roy and Chester Pool.
Members Absent: President Jerry Bramlett and Vice President Rodney J. Etchberger
Others Present: General Manager Robert T. Herrera, Assistant City Manager/Finance
Director Jeff Litchfield, and Director of Public Works Steve Gillett.
2. The minutes from the regular meeting held March 18, 1998 were reviewed. Motion by
Robert Roy, seconded by Chester Pool to accept the minutes as written. Motion was
unanimous.
3. Jeff Litchfield distributed a memo to the Board outlining the progress to date (copy
attached). He reviewed the contents and answered questions form the Board. He
outlined the three financing methods to raise the necessary capital to complete the
purchase by the proposed Transfer Date.
General Manager Robert T. Herrera reported that GCWA and Galveston have not yet
agreed to the proposed contract, and that the target date for their bond sale on May 7,
1998 is in jeopardy. Additionally, the Proposed contract, which was received just prior to
the Board meeting, is not yet acceptable the Authority. Jeff Litchfield reviewed the
contract, and pointed out the areas that are still objectionable. Robert T. Herrera and Jeff
Litchfield answered questions from the Board.
The General Manager recommended that the Authority meet next Monday, Apri127,
1997 at 5:30 PM prior to the scheduled La Porte City Council meeting to consider
approval of the contract, should it be successfully negotiated. The Board agreed to meet
at that time.
4. There was no General Manager's report.
5. There being no further business, motion made by Chester Pool, seconded by Robert Roy
to adjourn. The motion was unanimous and the meeting adjourned at 7:55 PM.
Al Fields, Secretary/Treasurer
PASSED AND APPROVED
ON THIS DAY ~9y~~ f Z 7~ , 1998.
,~
Bra left, President
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RESOLUTION 98-01
A RESOLUTION APPROVING WATER CAPACITY
PURCHASE AND SALE AGREEMENT
AND ESCROW AGREEMENT
WHEREAS, the Gulf Coast Water Authority (the "Authority"), as a co-owner of
the City of Houston's Southeast Treatment Plant (the "Southeast Plant"), and the City of
Galveston, Texas ("Galveston") have indicated a desire to sell a portion of the capacity
in the Southeast Plant in which Galveston has an equitable interest to other parties;
and,
WHEREAS, pursuant to Resolution No. 97-01, approved by the Board of
Directors on August 27, 1997, the La Porte Area Water Authority has previously
expressed an interest in purchasing 3 MGD of such capacity at a price of $1.1688, and
has expressed its desire to contract for the purchase and/or financing of such capacity;
and
WHEREAS, the City of Houston ("Houston") and the La Porte Area Water
Authority have entered into an amendment to the Cost Sharing Water Contract
between such parties dated as of January, 1998 (the "Amendment"), which
Amendment will, upon satisfaction of the conditions contained therein, increase La
Porte Area Water Authority's right to production capacity and pumping capacity from
the Southeast Plant; and
WHEREAS, the Board of Directors has been presented with a Water Capacity
Purchase and Sale Agreement to be entered into among the La forte Area Water
Authority, the Authority and Galveston, pursuant to which 3 MGD of capacity in the
Southeast Plant will be conveyed from Galveston to La Porte Area Water Authority, and
the Board desires to approve La Porte Area Water Authority's entering into such
agreement and escrow agreement.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LA
PORTE AREA WATER AUTHORITY:
Section 1. That the Board of Directors hereby approves the Water Capacity Purchase
and Sale Agreement substantially in the form as presented to the Board of Directors for
their review.
Section 2. That the Board of Directors hereby authorizes the President and
Secretary/Treasurer of the La Porte Area Water Authority to execute and deliver such
Water Capacity Purchase and Sale Agreement, with such additions, deletions and
other changes by such document as such La Porte Area Water Authority shall approve,
such approval to be conclusively evidenced by their execution and delivery thereof.
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Section 3. That this resolution shall be in full force and effect from and after its
passage and adoption.
PASSED AND ADOPTED this 27t" day of April, 1998.
LA PORTE AREA WATER AUTHORITY
By:
Je Bra esident
ATTEST:
By:
Albert D. Fields, Secretary/Treasurer