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BCRUA_R-12-02-22-6BRESOLUTION NO. R-12-02-22-6B WHEREAS, the Brushy Creek Regional Utility Authority ("BCRUA") desires to enter into a Third Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project, Now Therefore BE IT RESOLVED BY THE BRUSHY CREEK REGIONAL UTILITY AUTHORITY, That the Board President is hereby authorized and directed to execute on behalf of the BCRUA a Third Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project, a copy of same being attached hereto as Exhibit "A" and incorporated herein for all purposes. The Board hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 22nd day of February, 2012. GEO~:wit-J....::!II,p'-"':L-e~-id-:-t------- Brushy Creek Regional Utility Authority ATTEST: ~:5secretwy Z:IBCRUAlBoard PacketslPacket Documenll120 I210222 121R... BCRUA -Jrd Amendment to the Muter Contract (OO243861).DOC/rmc THIRD AMENDMENT TO TIlE MASTER CONTRACT FOR THE FINANCING, CONSTRUCTION AND OPERATION OF THE BCRUA WATER TREATMENT AND DISTRIBUTION PROJECT THIS THIRD AMENDMENT TO THE MASTER CONTRACT FOR THE FINANCING, CONSTRUCTION AND OPERATION OF THE BCRUA REGIONAL WATER TREATM.ENT AND DISTRIBUTION PROJECT (the "Third Amendment") is dated and entered into as of the _ day of ___~, 2012, by and among the Brushy Creek Regional Utility Authority, Inc., (the "BCRUA"), a non-profit corporation of the State of Texas (the "State"),created and existing under the laws of the State, including Subchapter D of Chapter 431, as amended, Texas Transportation Code, and the City of Cedar Park, Texas ("Cedar Park"), the City of Leander, Texas ("Leander"), and the City of Round Rock, Texas ("Round Rock"), all home-rule municipalities and political subdivisions of the State (individually, the "City"; collectively, the "Cities"). The BCRUA and the Cities are collectively referred to herein as the "Parties." RECITALS WHEREAS, on the 2nd day of September, 2008 the Parties entered into that one certain Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project (the "Contract"); and WHEREAS, on the 22nd day of January, 2009, the Parties entered into that one certain First Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project to postpone the date on which the BCRUA Project is to be operational from April 1, 2011 to April 1, 2012; and WHEREAS, on the 20 th day of October, 2010, the Parties entered into that one certain Second Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project to update and replace Exhibit D to the Contract; and WHEREAS, the Parties now wish to again postpone the date on which the BCRUA Project is to be operation from April 1,2012 to June 1,2012; and WHEREAS, the Parties wish to amend the Contract to reflect this new date; NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the sufficiency of which are hereby conclusively acknowledged, and subject to the terms and conditions hereinafter set forth, the Cities and the BCRUA mutually agree as follows: ARTICLE I DEFINITIONS Section 1.1 All terms used herein shall have the meanings assigned to them in the Contract, unless the context clearly requires otherwise. 1 EXHIBIT 'W' ARTICLE II AMENDMENTS Section 2.1 Section 3.1, General of the Contract is hereby amended to read as follows: Subject to the remaining terms and provisions of this Contract, the BCRUA agrees to issue one or more series of the Bonds, as requested by any City, to acquire and construct the BCRUA Project as generally described in the Preliminary Design Report. The Parties anticipate that the BCRUA Project will be operational by-ApRI June 1, 2012. It is expressly understood and agreed that any obligations on the part of the BCRUA to finance, acquire, construct, and complete the BCRUA Project and any future expansions of the BCRUA Project and to provide the water treatment capacity to the Cities shall be (i) conditioned upon the BCRUA's ability to obtain all necessary permits, Land Interests, material, labor, and equipment, and upon the ability of the BCRUA to finance the BCRUA Project Costs through the actual sale of the Bonds or receipt of funds from the Cities, including any Additional Bonds needed to complete the BCRUA Project, and (ii) subject to all present and future valid laws, orders, rules, and regulations of the United States of America, the State, and any regulatory body having jurisdiction. The BCRUA shall acquire and construct the BCRUA Project with all reasonable dispatch, and the BCRUA will use best efforts to pursue such acquisition and construction in order that (i) the notice to proceed will be issued to the contractor, which will be deemed the commencement of construction, on the Phase I Raw Water Facilities as defined in the PDR by August 15, 2009; (ii) the notice to proceed will be issued to the contractor, which will be deemed the commencement of construction on the water treatment plant component of the BCRUA Project by October 1, 2009, and (iii) the BCRUA Project will be operational by--April June 1, 2012, delays incident to events of Force Majeure only excepted. Section 2.2 Section 3.5. Award of Construction Contracts of the Contract is hereby amended so that the last sentence of said Section 3.5 shall read as follows: liThe BCRUA shall ensure that all contracts for the construction of the BCRUA Project provide that the BCRUA Project will be operational by it shall hereafter state "June 1, 2012." ARTICLE III MISCELLANEOUS Section 3.1 To the extent necessary to effect the terms and provisions of this Third Amendment, the Contract is hereby amended and modified. In all other respects, the aforesaid Contract is hereby ratified and confirmed. Section 3.2 This Third Amendment may be executed in counterparts, each of which shall be an original and all of which together shall constitute but one and the same instrument. 2 IN WITNESS WHEREOF, the Parties hereto acting under authority of their respective governing bodies have caused this Third Amendment to be duly executed as ofthe day and year ftrst above written. (Signatures on Following Pages) 3 BRUSHY CREEK AUTHORITY, INC. REGIONAL UTILITY Attest: By: George White, President _ By: Mitch Fuller, Secretary _ 4 CITY OF CEDAR PARK, TEXAS By: Bob Lemon, Mayor _ Attest: By: LeAnn Quinn, City Secretary _ 5 CITY OF LEANDER, TEXAS By: ----:~ _ John Cowman, Mayor Attest: By: Debbie Haile, City Secretary _ 6 CITY OF ROUND ROCK, TEXAS Attest: By: _ By: Sara White, City Clerk _ 7 THIRD AMENDMENT TO THE MASTER CONTRACT FOR THE FINANCING,CONSTRUCTION AND OPERATION OF THE BCRUA WATER TREATMENT AND DISTRIBUTION PROJECT THIS THIRD AMENDMENT TO THE MASTER CONTRACT FOR THE FINANCING, CONSTRUCTION AND OPERATION OF THE BCRUA REGIONAL WATER TREATM.ENT AND D UTION PROJECT (tile "Third Amendment") is dated and entered into as of tlteZZ�ay of 2012, by and among the Brushy Creek Regional Utility Authority, [lie., (the"BCRUA"), a non-profit corporation of tite State of Texas(the"State"),created and existing snider the laws of the State, including Subchapter D of Chapter 431, as amended, Texas Transportation Code, and the City of Cedar Park, Texas("Cedar Park"),the City of Leander,Texas ("Leander"),and the City of Round Rock,Texas ("Round Rock"), all home-rule municipalities and political subdivisions of the State (individually, the "City"; collectively, the "Cities"). The BCRUA and the Cities are collectively referred to herein as the "Parties." RECITALS WHEREAS, on the 2nd day of September, 2008 the Parties entered into that one certain Master Contract for (lie Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project(tile"Contract");and WHEREAS, on the 22nd day of January, 2009, (lie Parties entered into that one certain First Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project to postpone the date on which the BCRUA Project is to be operational from April I,2011 to April 1,2012; and WHEREAS, oil the 20"' day of October, 2010, the Parties entered into that one certain Second Amendment to the Master Contract for the Financing, Construction and Operation of the BCRUA Regional Water Treatment and Distribution Project to update and replace Exhibit D to the Contract;and WHEREAS, the Parties now wish to again postpone the date on which the BCRUA Project is to be operation from April 1,2012 to June 1,2012;and WHEREAS, the Parties wish to amend the Contract to reflect this new date; NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained,the strfiiciency of which are hereby conclusively acknowledged, and subject to the terms and conditions hereinafter set forth,the Cities and the BCRUA tuutually agree as follows: ARTICLE I DEFINITIONS Section 1.1 All terms used herein shall have the meanings assigned to them in the Contract, ttntess the context clearly requires otherwise. 242338 ARTICLE It AMENDMENTS Section 2.1 Section 3.1,General of the Contract is hereby amended to read as follows: Subject to the remaining terms and provisions of this Contract, the BCRUA agrees to issue one or more series of the Bonds, as requested by any City, to acquire and construct the BCRUA Project as generally described in the Preliminary Design Report. The Parties anticipate that the BCRUA Project will be operational by done 1, 2012. It is expressly understood and agreed that any obligations on the part of the BCRUA to finance, acquire, construct, and complete the BCRUA Project and any fiiture expansions of the BCRUA Project and to provide the water treatment capacity to the Cities shall be (i) conditioned upon the BCRUA's ability to obtain all necessary permits, Land Interests, material, labor, and equipment,and upon the ability of the BCRUA to finance the BCRUA Project Costs through the actual sale of the Bonds or receipt of funds front the Cities, including any Additional Bonds needed to complete the BCRUA Project, and (ii) subject to all present and future valid laws, orders, rules, and regulations of the United States of America, the State, and any regulatory body having jurisdiction. The BCRUA shall acquire and construct the BCRUA Project with all reasonable dispatch, and the BCRUA will use best efforts to pursue such acquisition and construction in order that(i) the notice to proceed will be issued to the contractor, which will be deemed the commencement of construction, on the Phase I Raw Water Facilities as defined in the PDR by August 15, 2009; (ii) the notice to proceed will be issued to the contractor, which will be deemed the commencement of construction on the water treatment plant component of the BCRUA Project by October 1, 2009, and (iii) the BCRUA Project will be operational by June 1, 2012, delays incident to events of Force Majeure only excepted. Section 2.2 Section 3.5,Award of Construction Contracts of the Contract Is hereby amended so that the last sentence of said Section 3.5 shall read as follows: "The BCRUA shall ensure that all contracts for the construction of the BCRUA Project provide that the BCRUA Project will be operational by It shall hereafter state"June 1,2012" ARTICLE III MISCELLANEOUS Section 3.1 To the extent necessary to effect the terms and provisions of this Third Amendment, the Contract is hereby amended and modified. In all other respects, the aforesaid Contract is hereby ratified and confirmed. Section 3.2 This Third Amendment may be executed in counterparts, each of which shall be an original and all of which together shall constitute but one and the same instrument. IN WITNESS WHEREOF,the Parties hereto acting under authority of their respective governing bodies have caused this Third Amendment to be duty executed as of the day and yeas•first above written. (Signatures on Following Pages) BRUSHY CREEK REGIONAL UTILITY AUTHORITY,INC. By: George WhitN President Altest: By: Mitch FuLr, Sec tail+ CITY OF CEDAR PARK,TEXAS By: Bob Lemon, �r Attest: By: 0>,)0e,e LeAnn Quinn,City Secretary 5 CIT OF LEANDETEXAS Z By: - in Cowman, Mayor Attest: r By: De e Haile,C ' ity Secretary 6 CITY OF ROUND ROCK,TEXAS By: m Al0- -Ic(Graw, Mayor Attest: By:� r. tw Sara White,City Clerk 7 eckb(A — 19_ n2