Res 2309 3/20/1979RESOLUTION NO. {,,D j7
RESOLUTION APPROVING THIRD AMENDMENT TO WATER
PURCHASE CONTRACT WITH WICHITA VALLEY WATER
SUPPLY CORPORATION.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
That certain Third Amendment to Water Purchase Contract,
a copy of which is attached hereto, between the City of Wichita
Falls and Wichita Valley Water Supply Corporation 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:
City Clerk
THIRD AMENDMENT TO WATER PURCHASE CONTRACT
WHEREAS, under date of March 19, 1974 the City of Wichita Falls and
Wichita Valley Water Supply Corporation entered into a water purchase contract, by
which Wichita Falls sold water to Wichita Valley Water Supply Corporation under the
schedule of rates established in Section 2.0 of such contract, which rates are subject
to modification every five years on the basis of demonstrated increase or decrease in
the cost to provide raw water; and,
WHEREAS, this contract was amended on April 8, 1974 and September 3,
1974; and,
WHEREAS, there has been a demonstrated increase in the costs of pro-
viding such raw water under this contract, and the parties desire to amend such con-
tract.
NOW, THEREFORE, the parties hereto do hereby agree as follows:
1. Section 2.0 of said contract dated March 19, 1974 is hereby amended
as follows:
Section 2. 0: The cost of water purchased by Wichita Valley
Water Supply Corporation shall be based in accordance with the follow-
ing schedule:
0.14 per 1, 000 gallons
Minimum monthly bill $500. 00
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 WichitapY
Valley Water Supply Corporation by January 1, 1980. The schedule of
rates beginning with all water bills rendered after April 30, 1980 could
also include a "reservoir capacity charge" designed to cover the costs of
reservoir space required to meet Wichita Valley Water Supply Corporation's
future needs, but for water not actually being taken in the maximum daily
amounts 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.