Res 2308 3/20/1979RESOLUTION NO. C
RESOLUTION APPROVING FIRST AMENDMENT TO WATER
PURCHASE CONTRACT WITH CITY OF OLNEY.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
That certain First Amendment to Water Purchase Contract,
a copy of which is attached hereto, between the City of Wichita
Falls and the City of Olney, is hereby approved, and the City
Manager is authorized to execute the same for the City of
Wichita Falls.
PASSED AND APPROVED this the 20th day of March, 1979.
M A Y O R
ATTEST:
Cit Clerk
FIRST AMENDMENT TO WATER PURCHASE CONTRACT
WHEREAS, under date of August 1, 1978 the City of Wichita Falls and the
City of Olney entered into a water purchase contract, by which Wichita Falls sold
water to the City of Olney under the schedule of rates established in Section 2. 0 of
such contract, which rates were subject to modification prior to January 1, 1979
based upon a contract water rate study; and,
WHEREAS, this water rate study has indicated that a modification of rates
to provide raw water under this contract is justified, and the parties desire to amend
such contract.
NOW, THEREFORE, the parties hereto do hereby agree as follows:
1. Section 2. 0 of said contract dated August 1, 1978 is hereby amended
as follows:
Section 2. 0: The cost of water purchased by the City of Olney
shall be based in accordance with the following schedule:
0. 14 per 1,000 gallons
This water rate is subject to modification annually for all water
bills rendered after April 30th of each year based upon a rate making
system and formula to be developed by Wichita Falls and submitted to
Olney by January 1, 1980. The schedule of rates beginning with all
water bills rendered after April 30, 1980 could also include a "reser-
voir capacity charge" designed to cover the cost of reservoir space re-
quired to meet Olney's future needs, but for water not actually being
taken in the maximum daily amount as contained in Section 1.2 of this
contract.
2. The effective date of this amendment shall be for all water bills
rendered after April 30, 1979.
IN WITNESS WHEREOF, the parties hereto have caused this agreement
to be executed on this the day of 1979.