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Res 2068 1/3/1978RESOLUTION NO. 2068 RESOLUTION APPROVING SECOND AMENDMENT TO WATER PURCHASE CONTRACT WITH THE TOWN OF PLEASANT VALLEY, TEXAS BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: That certain Second Amendment to Water Purchase Contract, a copy of which is attached hereto, which amends that certain water purchase contract dated April 9, 1968 between the City of Wichita Falls and the Town of Pleasant Valley, is hereby approved, and the City Manager is authorized to execute the same for the City of Wichita Falls. PASSED AND APPROVED this the 3rd day of January, 1978. ar AYOR ATTEST: City Clerk I r I SECOND AMENDMENT TO WATER PURCHASE CONTRACT WHEREAS, under date of April 9, 1968, the City of Wichita Falls and the Town of Pleasant Valley entered into a water purchase contract, by which Wichita Falls sold water to Pleasant Valley for a commodity rate of thirty-five cents per 100 cubic feet for the first 66,800 cubic feet, and all water over 66,800 cubic feet at thirty cents per 100 cubic feet, with a minimum rate of $200. 00 per month, which rates are subject to modification at the end of every five year period; and, WHEREAS, there has been an increase in the costs of performance of the contract, and the parties desire to amend such contract. NOW, THEREFORE, the parties hereto do hereby agree as follows: 1. Section B.1. of said contract dated April 9, 1968 is hereby amended in accordance with the following rates: The first 66, 800 cubic feet at forty-five cents per 100 cubic feet. All water over 66,800 cubic feet shall be paid for at forty cents per 100 cubic feet. Minimum rate of $200.00 per month will remain unchanged." 2. The first sentence of Section C.3. of said contract dated April 9, 1968 is hereby amended to read as follows: This water rate commodity is subject to modification every two year period, or when the domestic water rate for Wichita Falls customers is changed, whichever occurs sooner." 3. The effective date of this amendment shall be April 1, 1978. IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed this the 3rd day of January, 1978. CITY OF WICHITA FALLS, TEXAS BY: City Ma ager ATTEST: City Clerk TOWN OF PLEASANT VALLEY, TEXAS ATTEST: BY: MAYOR City Secretary