Authorizing the City Manager to sign a water rights sales agreement, a copy of which is attached hereto as exhibit a, between the City of Laredo and E & S River Farm, Ltd., a Texas limited partnership, in which the City is agreeing to purchase the right to divert and use 400 acre feet per annum of class “a” irrigation water rights to the Rio Grande, which after conversion from irrigation rights to municipal use rights amounts to 200 acre feet of municipal use rights per annum at $3,200.00 per municipal use ac./ft., for a purchase price of $640,000.00; and further authorizing the City Manager to sign and file necessary application(s) with the Texas Commission on Environmental Quality on behalf of the City requesting that said water rights be severed from certificate of adjudication no. 23-599, of the seller and combined with certificate of adjudication no. 23-3997, as amended, of the City and that the point(s) of diversion, purpose and place of use of said water rights be changed as required by the City. Funding is available in the Water Availability Fund.

Resolution Agenda Ready Introduced November 14, 2024

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