Resolution to authorize City Manager or designee to execute a Temporary Untreated Raw Water Sales Contract with Formosa Plastics Corporation, for City to purchase up to 10,000 acre feet of untreated raw water from Lake Texana through December 31, 2025 at price of $900 per acre-foot of water with take-or-pay quantity of 2500 acre feet; and authorizing execution of one-year mutual extension for City to purchase additional 10,000 acre feet of Lake Texana water in calendar year 2026, at $900 per acre-foot rate and 2500 acre feet take-or pay quantity.

Resolution Passed Introduced March 25, 2025

What this record is

Held by: Formosa Plastics Corporation
Amount: $900
Runs until: December 31, 2025 already ended date quoted from the award document
Type: amendment

Read automatically from the title of the official record. The source document below is authoritative.