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HomeMy WebLinkAboutR88-173126 SETH WARD - WATER LINE BETWEEN AUSTIN AND DATE STREETS ON 24TH STREET. RESOLUTION NO. R88-173 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS ESTABLISHING TERMS AND CONDITIONS TO BE MET PRIOR TO THE CITY PARTICIPATING IN FINANCING THE INSTALLATION OF A WATER MAIN ON 24TH STREET BETWEEN DATE AND AUSTIN STREET. WHEREAS, the Seth Ward Community has requested that the City of Plainview consider installing 2,100 feet of water line on 24th Street between Austin and Date; and WHEREAS, the engineers for the Seth Ward Community have stated that an 8" water line would adequately serve the Seth Ward Community; and W~RREAS, the City of Plainview Master Plan shows that a 12" water line should be installed, as a part of the water master loop around the City, on 24th Street between Austin and Date; and WHEREAS, the Seth Ward Community engineers have estimated the cost of an 8" line to be $18,585.00 and the cost of a 12" line to be $36,225.00; and WHEREAS, the City Council has expressed cooperating with the Seth Ward Community; and an interest in WHEREAS, the Seth Ward Community has indicated that the City of Plainview could recoup the expense of financing the 8" water line by adding an additional charge per 1,000 gallons consumed by the Seth Ward Community; and WHEREAS, the engineers for the Seth Ward Community have estimated that the Seth Ward Community will consume approximately 30,000,000 gallons per annum; and WHEREAS, based on an $18,000.00 investment the $.12 additional charge per 1,000 gallons would be added to other charges made by the City in order to recover said investment within five years; and WHEREAS, the City Council has expressed concern that for reasons unknown to the City of Plainview, that the City may not be able to charge and/or collect said additional charge. NOW, T~1R~RFORE, BE IT RESOLVED by the City Council of the City of Plainview, Texas that the City is willing to participate in financing the installation of a water line on 24th Street between Date and Austin Streets once the following conditions are met: 1 of 2 127 All engineering services, subject to the review of City Engineering Staff, is to be provided at no cost to the City. The agreement addressing the charge for water between the City and the Seth Ward Community, will have an additional charge added of $.12, and said charge will remain until the actual cost, financed by the City of Plainview, for the 8" water line, are fully recovered. The City of Plainview, at its own expense, will finance the difference in material and installation cost between a 12" and 8" line. Some mechanism, subject to City Council approval, must be established to assure that the citizens of Plainview will recoup the cost associated With financing the 8" water line if the City is unable to charge and/or collect said additional charge for the line. One such acceptable mechanism would be a letter of credit from the County of Hale. PASSED AND APPROVED this the 9th day of Augus~ 1988.. E.g. Ridlehuber, Mayor ATTEST: Carla Reese, City Secretary APPROVED AS TO CONTENT: / 2 of 2