Res 2313 3/20/1979RESOLUTION NO. Jj/J
RESOLUTION APPROVING FOURTH AMENDMENT TO WATER
PURCHASE CONTRACT WITH ARROWHEAD DEVELOPMENT, INC.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
That certain Fourth Amendment to Water Purchase Contract,
a copy of which is attached hereto, between the City of Wichita
Falls and Arrowhead Development, Inc. 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.
2-
M A Y O R
ATTEST:
City Clerk
FOURTH AMENDMENT TO WATER PURCHASE CONTRACT
WHEREAS, under date of March 5, 1971 the City of Wichita Falls and
Arrowhead Properties, Inc. entered into a water purchase contract, by which Wichita
Falls sold water to Arrowhead Properties, Inc. under the schedule of rates established
in Section 2. 0 of such contract, which rates were subject to modification at anytime the
established raw water rates charged by the City are modified; and,
WHEREAS, this contract was amended on April 8, 1974, September 24, 1974
and January 3, 1978 among other things assigning such contract to Arrowhead Develop-
ment, Inc. ; and,
WHEREAS, there has been a modification in the raw water rates charged by
the City, 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 March 5, 1971 and amended on
January 3, 1978 are hereby amended as follows:
Section 2.0: The cost of water purchased by Arrowhead Develop-
ment, Inc. shall be based in accordance with the following schedule:
0.20 per 1, 000 gallons
Minimum monthly bill - $2. 00 per month per unit connected to
Corporations water system.
This water rate is subject to modification annually for all water bills
rendered after April 30th of each year based upon a rate making sys-
tem and formula to be developed by Wichita Falls and submitted to
Arrowhead Development, Inc. 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 cost of reservoir space required to meet Arrowhead Development,
Inc. 's future needs, but for water not actually being taken in the maxi-
mum daily amount as contained in Section 1.8 as amended of this con-
tract.
2. The effective date of this amendment shall be for all water bills ren-
dered after April 30, 1979.