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Res 144-85 10/1/1985RESOLUTION NO . / f5 RESOLUTION SUPPORTING ADOPTION OF THE NEW TEXAS WATER PLAN AT THE NOVEMBER 5 , 1985 CONSTITUTIONAL AMENDMENTS ELECTION . WHEREAS , rapid economic expansion and population growth are taxing the state ' s existing water resources to their limits ; and to meet the current and mid-term needs of the state will require the construction of at least 44 new reservoirs , 200 major wastewater treatment systems and scores of large-scale flood- control projects ; and , WHEREAS , city governments , which historically have borne the major part of the responsibility for financing water resource facilities , will be required to carry an even greater share in the future due to reductions in federal aid ; and , WHEREAS , the cumulative cost of the water resource facilities that need to be provided between now and the year 2030 could approach $100 billion -- an amount that far exceeds the ability of local governments to finance without state assistance ; and , WHEREAS , the 1985 Texas Legislature approved a new proposed Texas Water Plan that , upon voter adoption , will establish a sound methodology for addressing the state ' s diverse water problems , and create a major new role for state government in helping finance the solutions to those problems ; and , WHEREAS , the new Texas Water Plan will appear on the November 5 , 1985 statewide constitutional amendments ballot as Amendments 1 and 2 , and , if adopted , would : 1 ) Create a $400 million state fund to guarantee water resource bonds issued by municipal governments , thus saving city taxpayers tens of millions of dollars in interest costs ; 2) Allocate $400 million in funding for state participation in the cost of oversize capacity of reservoirs and other facilities that exceed immediate local requirements , thus alleviating short-term financial strains on local governments ; 3) Authorize the issuance of $580 million in state bonds to be used for loans to cities and other local governments , including $190 million for water supply facilities , 190 million for wastewater projects and $200 million for flood-control facilities ; and , 4) Establish a state loan fund to assist farmers with the purchase of water-efficient irrigation equipment , and provide state financing for agricultural water conservation research programs ; and , WHEREAS , state legislation that will be implemented upon adoption of Amendments 1 and 2 would enhance the preservation of the state ' s water resources by establishing safeguards for bays and estuarine areas ; providing incentives for water conservation ; and by authorizing the creation of voter-approved mechanisms to protect underground water supplies ; and , WHEREAS , voter adoption of Amendments 1 and 2 is essential to insure the state ' s future well-being and the continued prosperity of Texas cities . NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS , TEXAS , THAT : The City Council endorses Amendments No . 1 and No . 2 , and urges their adoption by the citizens of Wichita Falls at the November 5 constitutional amendments election . PASSED AND APPROVED this the /4Z/ day of E'L. ZAE1 1985 . 52 A Y 0 R ATTEST : City Clerk 2 -