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RESOLUTION R21-521
A RESOLUTION BY THE CITY OF PLAINVIEW, TEXAS, APPROVING
THE SECOND AMENDMENT TO THE MEREDITH SUPPLY
AGREEMENT
WHEREAS, in connection with the development and construction of the Sanford
Dam and Lake Meredith comprising the "Canadian River Project," the City of Plainview,
Texas (the "City") has entered into that certain Contract dated , 1961,
as subsequently amended (known as the "Meredith Supply Agreement"), with the
Canadian River Municipal Water Authority (the "Authority"), under which the Authority
would provide all or part of the City's municipal water supply through the operation and
maintenance of the Canadian River Project; and
WHEREAS, the Authority has entered into similar forms of the Meredith Supply
Agreement with each of the other cities that are members of the Authority (the "Member
Cities"); and
WHEREAS, pursuant to the terms of the Meredith Supply Agreement, as
supplemented by subsequent Prepayment Agreements entered into between the
Authority and each of its Member Cities, and pursuant to the financing mechanisms set
out in the Meredith Supply Agreement and those Prepayment Agreements, the Authority
and the Member Cities have completed the contractual repayment obligation to the United
States for the Canadian River Project; and
WHEREAS, pursuant to the Meredith Supply Agreement, following completion of
the contractual repayment obligation to the United States for the Canadian River Project
the City has a vested right to renew its water supply agreement with the Authority, subject
to other water supply availability and financial conditions; and
WHEREAS, the Authority has continued to provide municipal water supply to its
Member Cities from the Canadian River Project and other conjunctive use sources,
pursuant to the terms of the Meredith Supply Agreement and other existing contracts
between the Authority and each of its Member Cities; and
WHEREAS, the Authority and the Member Cities mutually desire to affirm, restate,
and extend the term of the original Meredith Supply Agreement, in support of long-term
municipal water supply for the Member Cities through the life of the Canadian River
Project; and
WHEREAS, by its Resolution No. 01/2021 — 10, dated January 13, 2021, the
Authority's Board of Directors has approved the proposed form of a Second Amendment
to the Meredith Supply Agreement, to extend the term of that agreement consistent with
the Authority's operation and use of the Canadian River Project for the benefit of its
Member Cities (the "MSA Second Amendment"), a copy of which form amendment is
attached hereto as Exhibit A; and
Resolution R21-521 Page 1 of 2
WHEREAS, the Authority has consulted with the U.S. Bureau of Reclamation to
obtain the Bureau's required prior approval of this MSA Second Amendment; and
WHEREAS, each of the Member Cities has consented to and approved the form
of the MSA Second Amendment, as approved by the Board of Directors of the Authority;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLAINVIEW, TEXAS:
SECTION 1. That the City approves the terms and conditions of the MSA Second
Amendment and authorizes execution of the MSA Second Amendment on behalf of the
City, to be binding and effective only upon the execution of the same form of MSA Second
Amendment by the Authority and each of the other Member Cities.
SECTION 2. The declarations, determinations and findings declared, made and
found in the preamble to this Resolution are hereby adopted, restated and made a part
of the operative provisions hereof.
SECTION 3. That the City Secretary be and is hereby authorized to deliver a
certified copy of this Resolution and minutes pertaining to its adoption to the Secretary of
the Canadian River Municipal Water Authority for said Authority's records and
proceedings.
SECTION 4. It is officially found, determined, and declared that the meeting at
which this Resolution has been read, passed and finally adopted was open to the public
and public notice of the time, place and subject matter of the public business to be
considered and acted upon at said meeting, including this Resolution, was given, all as
required by the applicable provisions of the Open Meetings Act, Chapter 551, Texas
Government Code.
PASSED, APPROVED AND ENACTED this 22nd day o June, 2021.
K� k �--
Ch rles Starn, s, yor
City of Plainview, ,exas
ATTEST:
Belinda Hinojo a, ity Secretary
City of Plainview, Texas
[City Seal]
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