R97-50 08-25-97 RESOLUTION R97-50
A RESOLUTION INDICATING INTEREST TO
AUTHORITY IN PURCHASING WATER.
GULF
COAST WATER
WHEREAS, the Gulf Coast Water Authority (the "Authority"), as a co-owner of
the City of Houston's Southeast Treatment Plant (the "Houston Plant"), and the City
of Galveston, Texas ("Galveston") have indicated that there may be a portion of the
capacity in the Houston Plant in which Galveston has an equitable interest available
for sale to other parties within approximately three years; and
WHEREAS, Galveston is exploring the feasibility of changing its source of water
supply from the Houston Plant to the Authority's water treatment plant located in
Texas City (the "Texas City Plant") and in order to determine such feasibility desires
to determine the interest of other parties in purchasing Galveston's capacity rights;
and
WHEREAS, the Authority and Galveston have indicated that the price for such
capacity will be at least 81 .1 688/gal.; and
WHEREAS, the City of Pearland, Texas desires to acquire approximately four
mgd of such water and to enter into negotiations with the Authority to contract for
the purchase and/or financing of such capacity if such capacity becomes available for
sale; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City of Pearland, Texas hereby indicates its interest in
purchasing four mgd of capacity in the Houston Plant if the Authority and the City of
Galveston agree to sell such water.
RESOLUTION NO. R97-50
Section 2. The City Council authorizes the City Manager of the City of
Pearland, Texas to enter into negotiations with the Authority to purchase and/or
finance the purchase of such capacity.
Section 3. That this Resolution shall be in full force and effect from and after
its passage and adoption.
PASSED, APPROVED, and ADOPTED this the~12.~ay of ~ , 1997.
TOM REID
MAYOR
ATTEST:
APP ED AS TO FORM:
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