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R-87-998 - 5/14/1987WHEREAS, the City of Round Rock is conscious of future water needs, and WHEREAS, the Brazos River Authority is conducting a water quality study of Lakes Belton and Stillhouse Hollow, and WHEREAS, the City of Round Rock wishes to utilize this future water source, NOW THEREFORE BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS That the Mayor be and is hereby authorized and directed to execute any and all documents necessary to participate in the Lake Belton and Lake Stillhouse Hollow Water Quality Study. ATTEST: RESOLVED this the /0- day of Land, City Secretary RESOLUTION NO. 99M R MIKE ROBINSON, Mayor City of Round Rock, Texas , 1987. Mayor Mike Robinson Mayor Pro -tem Trudy L. Lee Council Members Mike Heiligenstein Glenn T. King Pete Correa Ronnie Jean Charles Culpepper City Manager Jack A. Hareke City Attorney Donald Lee Wolf THE CITY OF ROUND ROCK 214 East Main Street Round Rock, Texas 78664 512- 255 -3612 MEMORANDUM TO: Sam Huey FROM: Jim Ruse DATE: May 7, 1987 RE: FM TER QUALTPY STUDY This is a follow -up to my earlier memo. I had concerns regarding the cost allocation procedure as well as the overall cost of the project. The proposed 6.143% cost allocation is based on our 1990 water use out of BRA facilities, not on our usage of Stillhouse Hollow water. If the analysis was based strictly on 1990 Stillhouse Hollow water, our participation would be 0%. Our benifit will accrue in the future when we do utilize this water source. Since our allocation of 15.4 MGD is in excess of 10% of both Lakes Helton and Stillhouse Hollow, the 6.143% does not seem unreasonable. The total project cost of $550,000 is funded by a 50% grant, and 50% local contribution. The bulk of the dollars is for water sampling for baseline data. This information is essential to access future loadings. Finally, we spent nearly $7,000 to protest a single discharge permit. This study will potentially eliminate the need for such protests in the future and potentially save money. The five year payment schedule seem to be a reasonable approach to payment (see attached schedule). Payment Due Payment On or Before Amount May 1, 1987 $1,970.82 September 1, 1987 $1,970.82 January 1, 1988 $1,970.82 May 1, 1988 $1,970.82 September 1, 1988 $1,970.82 January 1, 1989 $1,970,82 May 1, 1989 $ 563.09 September 1, 1989 $ 563.09 January 1, 1990 $ 563.09 May 1, 1990 $ 563.09 September 1, 1990 $ 563.09 January 1, 1991 $ 563.09 May 1, 1991 $ 563.09 September 1, 1991 $ 563.09 January 1, 1992 $ 563.09 cc: File DBM Mr. Jack Harzke, City Manager City of Round Rock 214 East Main Street Round Rock, Texas 78664 Dear Mr. Harzke: al, 5. — trem -- RECEIVED AP! 1 3 1987 4"-c-f BRAZ RIVER AUTHORITY 4400 COBBS DRIVE • P. 0. BOX 7555 • TELEPHONE AREA CODE 817776 -1441 WACO, TEXAS 76714 -7555 April 8, 1987 At its February 26, 1987 meeting, the Texas Water Development Board (TWD Board) authorized a planning grant in an amount not to exceed $275,000 for the Water Quality Study on Lakes Belton and Stillhouse Hollow. This grant represents 50% of the estimated total Study cost of $550,000. Further, the TWD Board authorized an interest -free loan in the amount of $137,500, or 25% of the total Study cost, which will be repaid over a five -year period. A separate applica- tion must now be prepared and submitted for the loan. We do not anticipate a problem in obtaining approval of the formal loan appli- cation, since it was proposed by the TWD Board itself in lieu of increasing the grant to 75% of Study costs, as requested by BRA. A portion of the cost of the Study must be supplied by the local Entities. This local share cost consists of a total of 50% of the Study cost; 25% to be paid out during the two -year study period and 25% to be paid out over a five -year period to repay the interest - free loan. Based on the approved grant and the loan authorized by the Texas Water Development Board, the local share cost has been allocated among the Entities as shown in Attachment 1. The Authority used its best efforts to determine a pro rata allocation for each Entity that would provide for an equable distribution of the Study cost based on current and projected water uses. The total local share cost will be $275,000 or 50% of the total Study cost. Final approval of the five -year interest -free loan ap- plication by the TWD Board will allow us to extend the payment for $137,500 of this local cost over a five -year period. Each Entity will pay, over a five -year period, from May 1987 through January 1992, their allocated share of the annual loan repayment. The an- nual loan repayment amount that has been allocated among all Enti- ties is $27,500, or $137,500 divided by five. This assumes that the loan will be interest free. The remaining local cost, $137,500 or 25% of the total Study cost, must be matched directly by the Enti- ties over the Study period. Therefore, this $137,500 must be repaid during the Study period from May 1987 through May 1989. Beginning April 8, 1987 Page 2 in May 1989, the only payments needed will be for the repayment of the outstanding loan balance. Each Entity's payment will decrease to almost half of the Study period payments in May 1991. In order to meet the various budgeting requirements, each Entity will be given as much flexibility as possible in making its local share payments. The local share amount can be paid back in a single prepaid payment, with prepaid annual payments, or in a total of 15 prepaid triannual payments. The prepaid triannual payment, once every four months or three payments every year, is the recommended payment method for most Entities. Monthly payments would be diffi- cult to administer because of the variation in the monthly amounts of work performed for the Study and the variation in monthly bil- lings. The prepaid triannual payment method should allow for these variations. For those Entities electing to make prepaid triannual payments, the Authority will provide an invoice for the required amount at least 30 days prior to its due date. Payments must be made in advance so that the Authority will have the necessary funds available to match the grant payments made by the Texas Water Development Board. The allocation of the local share cost for all Entities is presented in a series of tables under Attachment 1. Attachment 1 contains four tables (Tables 1 -1 through 1 -4). Table 1 -1 shows the alloca- tion of the total estimated Study cost for the entire payment period, May 1989 through 1992. Each Entity's total payment for the entire period is shown in the far._right -hand column. Table 1 -2 shows the payments required for the remainder of Fiscal Year 1987, which consists of one prepaid triannual payment. Table 1 -3 and 1 -4 show, respectively, the payments required during Fiscal Years 1988 and 1989 and the loan repayments required during Fiscal Years, 1990, 1991, and 1992. Each of these tables show the contributions from the State grant, the local match, and the amount of loan money needed to pay the Study cost for the period covered. Table 1 -2 shows how the Authority will use the loan funds to match the higher cash flow requirements for the first four months of the Study so that all payments can be kept equal during the Study period. A separate table showing the Study cost for your Entity, based on the prepaid triannual payments as discussed above, is provided under Attachment 2 as Table 2 -1. Section I of this table shows your Entity's percent share of the total Study cost, based on your Entity's projected 1990 Water Use as discussed previously. We anticipate that each Entity shown on Table 1 -1 will, by formal Resolution of its governing officials, agree to become a "Local Sponsor" and participate in the Study. However, in order to save time in the event an Entity does not participate as a Local Sponsor, we propose that all Local Sponsors authorize a contingency amount of up to an additional 10% above it's presently allocated local share to cover the cost of an Entity who may elect not to participate in the Study. If all Local Sponsors approve this recommended 10% con- tingency, any unallocated Study cost would then be prorated to the participating Local Sponsors and each would be advised of its re- vised payment amounts. The total cost to you as a Local Sponsor for the five -year period with a 10% contingency is shown in Paragraph III of Table 2 -1. Considering the number of Entities involved and the fact that all of the Entities having a major share of the Study cost have already expressed interest in being a Local Sponsor, ap- proval of the recommended 10% contingency amount should provide the flexibility needed to obtain the necessary written agreements to cover the Study cost with one Resolution by their City Council or Board of Directors. Attached are three copies of an Agreement between your Entity and the Brazos River Authority to provide for your Entity to become a Local Sponsor and to pay for its allocated share of the Project costs as described in this letter. If you agree to the method of allocation of local costs, the amounts shown in the various tables attached to this letter, and the provisions made for payment of the local share, please have the attached Agreement considered and ap- proved for execution by your governing officials. We will need a certified copy of the official resolution authorizing the execution of this Agreement. In order to begin the Study as soon as possible, we will need to have two copies of the Agreement signed and returned to the Authority no later than May 1, 1987. If you have any ques- tions regarding any part of this letter or the Agreement, please do not hesitate to contact Mr. Tom Ray or me. I thank you for your continued interest and look forward to a suc- cessful Water Quality Study. RAR:cg Attachments Sincerely, April 8, 1987 Page 3 ROY A. ROBERTS Assistant General Manager � II i k� F Schedule for All Fiscal Years Total Period Cost ($): 550,000 No. of triannual payments: 15 ENTITY Table 1-1 Allocation Payment of Project Costs for Each Entity Total Total Payment 1990 Entity Period Local Loan State Loan Total for Water Use Share Cost Match Match Match Repayment Payment Period (ac-ft) (9) ($) ($) ($) (0) (0) (9) ($) BELL COUNTY 11,278 16.596% 91,221.80 22,805.46 22,805.44 45,610.90 22,805.40 45,610.86 45,610.86 BELL CO WCID #1 2,169 3.190% 17,543.90 4,386.00 4,385.95 8,771.95 4,386.00 8,772.00 8,772.00 Belton 2,352 3.459% 19,024.09 4,756.02 4,756.02 9,512.04 4,756.05 9,512.07 9,512.07 Copperas Cove 3,922 5.768% 31,722.99 7,930.74 7,930.76 15,861.50 7,930.80 15,861.54 15,861.54 Fort Hood 8,747 12.864% 70,749.87 17,687.46 17,687.48 35,374.94 17,687.40 35,374.86 35,374.86 Killeen 9,744 14.330% 78,814.08 19,703.52 19,703.52 39,407.04 19,703.55 39,407.07 39,407.07 BLUEBONNET WSC 505 .743% 4,084.68 1,021.14 1,021.20 2,042.34 1,021.20 2,042.34 2,042.34 McGregor 886 1.303% 7,166.39 1,791.60 1,791.59 3,583.19 1,791.60 3,5E13.20 3,583.20 Moffat WSC 200 .294% 1,617.69 404.40 404.45 808.85 404.40 808.80 808.80 CENTRAL TEXAS WSC 2,028 2.982% 16,403.42 4,100.88 4,100.83 8,201.71 4,100.85 8,201.73 8 CHISHOLM TRAIL WSC 1,120 1.647% 9,059.09 2,264.76 2,264.78 4,529.54 2,264.70 4,529.46 4,529.46 COMANCHE HILLS WATER DISTRICT 400 .588% 3,235.39 808.86 808.83 1,617.69 808.80 1,617.66 1,617.66 GATESVILLE, CITY OF 1,716 2.524% 13,879.82 3,469.98 3,469.93 6,939.91 3,469.95 6,939.93 6,939.93 GEORGETOWN, CITY OF 1,120 1.647% 9,059.09 2,264.76 2,264.78 4,529.54 2,264.70 4,529.46 4,529.46 JONAH WSC 560 .824% 4,529.54 1,132.38 1,132.39 2,264.77 1,132.35 2,264.73 2,264.73 KEMPNER WSC 1,000 1.471% 8,088.47 2,022.12 2,022.12 4,044.24 2,022.15 4,044.27 4,044.27 LAMPASAS, CITY OF 2,124 3.124% 17,179.92 4,294.98 4,294.98 8,589.96 4,294.95 8,589.93 8,589.93 LEANDER, CITY OF 651 .957% 5,265.60 1,316.40 1,316.40 2,632.80 1,316.40 2,632.80 2,632.80 ROUND ROCK, CITY OF 4,177 6.143% 33,785.55 8,446.38 8,446.40 16,892.78 8,446.35 16,892.73 16,892.73 TEMPLE, CITY OF 11,278 16.586% 91,221.80 22,805.46 22,805.44 45,610.90 22,805.40 45,610.86 45,610.86 Acres WSC 300 .441% 2,426.54 606.66 606.61 1,213.27 606.60 1,213.26 1,213.26 Bell Co WCID /2 190 .279% 1,536.81 384.18 384.22 768.40 384.15 768.33 768.33 Troy 213 .313% 1,722.84 430.74 430.68 861.42 430.65 861.39 861.39 Morgan's Point 190 .279% 1,536.81 384.18 384.22 768.40 384.15 768.33 768.33 Pepper Creek 550 .809% 4,448.66 1,112.16 1,112.17 2,224.33 1,112.10 2,224.26 2,224,26 Taylor's Valley WSC 270 .397% 2,183.89 546.00 545.94 1,091.94 546.00 1,092.00 1,092.00 Woodland Point 50 .074% 404.42 101.10 101.11 202.21 101.10 202.20 202.20 SALADO WSC 258 .379% 2,086.83 521.70 521.71 1,043.41 521.70 1,043.40 1,043.40 TOTAL 67,998 100.000% 550,000.00 137,500.02 137,499.98 275,000.00 137,499.45 274,999.47 274,999.47 Table 1 -2 Schedule for Fiscal Year 87 Total Period Cost ($): 175,000 No. of triannual payments: 1 Individual Triannual Allocation Triannual Payment of Project Costs for Each Entity Total Total Payment 1990 Entity Period Local Loan State Loan Total for Water Use Share Cost Match Match Match Repayment Payment Period ENTITY (ac -ft) ( %) ($) ($) ($) ($) ($) ($) ($) BELL COUNTY 11,278 16.586% 29,025.12 3,800.91 10,711.65 14,512.56 1,520.36 5,321.27 5,321.27 BELL CO WCID #1 2,169 3.190% 5,582.15 731.00 2,060.08 2,791.07 292.40 1,023.40 1,023.40 Belton 2,352 3.459% 6,053.12 792.67 2,233.89 3,026.56 317.07 1,109.74 1,109.74 Copperas Cove 3,922 5.768% 10,093.68 1,321.79 3,725.05 5,046.84 528.72 1,850.51 1,850.51 Fort Hood 8,747 12.864% 22,511.32 2,947.91 8,307.75 11,255.66 1,179.16 4,127.07 4,127,07 Killeen 9,744 14.330% 25,077.21 3,283.92 9,254.68 12,538.60 1,313.57 4,597.49 4,597.49 BLUEBONNET WSC 505 .743% 1,299.67 170.19 479.64 649.84 68.08 238.27 238.27 McGregor 886 1.303% 2,280.21 298.60 841.51 1,140.11 119.44 418.04 418.04 Moffat WSC 200 .294% 514.72 67.40 189.96 257.36 26.96 94.36 94.36 CENTRAL TEXAS WSC 2,028 2.982% 5,219.27 683.48 1,926.16 2,609.64 273.39 956.87 956.87 CHISHOLM TRAIL WSC 1,120 1.647% 2,882.44 377.46 1,063.76 1,441.22 150.98 528.44 528.44 COMANCHE HILLS WATER DISTRICT 400 .588% 1,029.44 134.81 379.91 514.72 53.92 188.73 188.73 GATESVILLE, CITY OF 1,716 2.524% 4,416.31 578.33 1,629.83 2,208.15 231.33 809.66 009.66 GEORGETOWN, CITY OF 1,120 1.647% 2,882.44 377.46 1,063.76 1,441.22 150.98 528.44 528.44 JONAH WSC 560 .824% 1,441.22 188.73 531.88 720.61 75.49 264.22 264.22 KEMPNER WSC 1,000 1.471% 2,573.61 337.02 949.78 1,286.80 134.81 471.83 471.83 LAMPASAS, CITY OF 2,124 3.124% 5,466.34 715.83 2,017.34 2,733.17 286.33 1,002.16 1,002.16 LEANDER, CITY OF 651 .957% 1,675.42 219.40 618.31 837.71 87.76 307.16 307.16 ROUND ROCK, CITY OF 4,177 6.143% 10,749.95 1,407.73 3,967.24 5,374.97 563.09 1,970.82 1,970.82 TEMPLE, CITY OF 11,278 16.586% 29,025.12 3,800.91 10,711.65 14,512.56 1,520.36 5,321.27 5,321.27 Acres WSC 300 .441% 772.08 101.11 284.93 386.04 40.44 141.55 141.55 Bell Co WCID #2 190 .279% 488.98 64.03 180.46 244.49 25.61 89.64 89.64 Troy 213 .313% 548.18 71.79 202.30 274.09 28.71 100.50 100.50 Morgan's Point 190 .279% 488.98 64.03 180.46 244.49 25.61 89.64 89.64 Pepper Creek 550 .809% 1,415.48 185.36 522.38 707.74 74.14 259.50 259.50 Taylor's Valley WSC 270 .397% 694.87 91.00 256.44 347.44 36.40 127.40 127.40 Woodland Point 50 .074% 128.68 16.85 47.49 64.34 6.74 23.59 23.59 SALADO WSC 258 .379% 663.99 86.95 245.04 332.00 34.78 121.73 121.73 TOTAL 67,998 100.000% 175,000.00 22,916.67 64,583.33 87,500.00 9,166.63 32,083.30 32,083.30 Schedule for Fiscal Years and 89 Total Period Cost ($): 375,000 No. of triannual payments: 5 Individual Triannual Allocation Triannual Payment of Project Costs for Each Entity Total Total Payment 1990 Entity Period Local Loan State Loan Total for Water Use Share Cost Match Match Match Repayment Payment Period ENTITY ac-fl) (%) ($) ($) (1) ($) ($) ($) ($) Table 1 BELL COUNTY 11,278 16.586% 62,196.68 3,800.91 2,418.76 6,219.67 1,520.36 5,321.27 26,606.35 BELL CO WCID #1 2,169 3.190% 11,961.75 731.00 465.18 1,196.17 292.40 1,023.40 5,117.00 Belton 2,352 3.459% 12,970.97 792.67 504.43 1,297.10 317.07 1,109.74 5,548.70 Copperas Cove 3,922 5.768% 21,629.31 1,321.79 841.14 2,162.93 528.72 1,850.51 9,252.55 Fort Hood 8,747 12.864% 48,238.55 2,947.91 1,875.94 4,823.86 1,179.16 4,127.07 20,635.35 Killeen 9,744 14.330% 53,736.87 3,283.92 2,089.77 5,373.69 1,313.57 4,597.49 22,987.45 BLUEBONNET WSC 505 .743% 2,785.01 170.19 108.31 278.50 68.08 238.27 1,191.35 McGregor 886 1.303% 4,886.17 298.60 190.02 488.62 119.44 418.04 2,090.20 Moffat WSC 200 .294% 1,102.97 67.40 42.89 110.30 26.96 94.36 471.80 CENTRAL TEXAS WSC 2,028 2.982% 11,184.15 683.48 434.94 1,118.42 273.39 956.87 4,784.35 CHISHOLM TRAIL WSC 1,120 1.647% 6,176.65 377.46 240.20 617.67 150.98 528.44 2,642.20 COMMIT HILLS WATER DISTRICT 400 .5882 2,205.95 134.81 85.79 220.59 53.92 188.73 943.65 GATESVILLE, CITY OF 1,716 2.524% 9,463.51 578.33 368.03 946.35 231.33 809.66 4,048.30 GEORGETCWN, CITY OF 1,120 1.647% 6,176.65 377.46 240.20 617.67 150.98 528.44 2,642.20 JONAH WSC 560 .824% 3,088.33 188.73 120.10 308.83 75.49 264.22 1,321.10 KEMPNER WSC 1,000 1.471% 5,514.87 337.02 214.47 551.49 134.81 471.83 2,359.15 LAMPASAS, CITY OF 2,124 3.124% 11,713.58 715.83 455.53 1,171.36 286.33 1,002.16 5,010.80 LEANDER, CITY OF 651 .957% 3,590.18 219.40 139.62 359.02 87.76 307.16 1,535.80 ROUND ROCK, CITY OF 4,177 6.143% 23,035.60 1,407.73 895.83 2,303.56 563.09 1,970.82 9,854.10 TEMPLE, CITY OF 11,278 16.586% 62,196.68 3,800.91 2,418.76 6,219.67 1,520.36 5,321.27 26,606.35 Acres WSC 300 .441% 1,654.46 101.11 64.34 165.45 40.44 141.55 707.75 Bell Co WCID #2 190 .279% 1,047.82 64.03 40.75 104.78 25.61 89.64 448.20 Troy 213 .313% 1,174.67 71.79 45.68 117.47 28.71 100.50 502.50 Morgan's Point 190 .279% 1,047.82 64.03 40.75 104.78 25.61 89.64 448.20 Pepper Creek 550 .809% 3,033.18 185.36 117.96 303.32 74.14 259.50 1,297.50 Taylor's Valley WSC 270 .397% 1,489.01 91.00 57.91 148.90 36.40 127.40 637.00 Woodland Point 50 .074% 275.74 16.85 10.72 27.57 6.74 23.59 117.95 SALADO WSC 258 .379% 1,422.84 86.95 55.33 142.28 34.78 121.73 608.65 TOTAL 67,998 100.000% 375,000.00 22,916.67 14,583.33 37,500.00 9,166.63 32,083.30 160,416.50 x , - Y a, Table 1-4 Schedule for Fiscal Years 89, 90, 91 and 92 Total Period Cost (0): 0 No. of triannual payments: 9 Individual Triannual Allocation Triannual Payment of Project Costs for Each Entity Total Total Payment 1990 Entity Period Local Loan State Loan Total for Water Use Share Cost Match Match Match Repayment Payment Period ENTITY (ac-ft) (%) ($) ($) ($) ($) ($) ($) ($) BELL COUNTY 11,278 16.586/ .00 .00 .00 .00 1,520.36 1,520.36 13,683.24 BELL CO WCID #1 2,169 3.190% .00 .00 .00 .00 292.40 292.40 2,631.60 Belton 2,352 3.459% .00 .00 .00 .00 317.07 317.07 2,853.63 Copperas Cove 3,922 5.768% .00 .00 .00 .00 528.72 528.72 4,758.48 Fort Hood 8,747 12.864% .00 .00 .00 .00 1,179.16 1,179.16 10,612.44 Killeen 9,744 14.330% .00 .00 .00 .00 1,313.57 1,313.57 11,822.13 BLUEBONNET WSC 505 .743% .00 .00 .00 .00 68.08 68.08 612.72 McGregor 886 1.303% .00 .00 .00 .00 119.44 119.44 1,074.96 Moffat WSC 200 .294% .00 .00 .00 .00 26.96 26.96 242.64 CENTRAL TEXAS WSC 2,028 2.982% .00 .00 .00 .00 273.39 273.39 2,460.51 CHISHOLM TRAIL WSC 1,120 1.647% .00 .00 .00 .00 150.98 150.98 1,358.82 COMANCHE HILLS WATER DISTRICT 400 .588% .00 .00 .00 .00 53.92 53.92 485.28 GATESVILLE, CITY OF 1,716 2.524% .00 .00 .00 .00 231.33 231.33 2,081.97 GEORGETOWN, CITY OF 1,120 1.647% .00 .00 .00 .00 150.98 150.98 1,358.82 JONAH WSC 560 .824% .00 .00 .00 .00 75.49 75.49 679.41 KEMPNER WSC 1,000 1.471% .00 .00 .00 .00 134.81 134.81 1,213.29 LAMPASAS, CITY OF 2,124 3.124% .00 .00 .00 .00 286.33 286.33 2,576.97 LEANDER, CITY OF 651 .957% .00 .00 .00 .00 87.76 87.76 789.84 ROUND ROCK, CITY OF 4,177 6.143% .00 .00 .00 .00 563.09 563.09 5,067.81 TEMPLE, CITY OF 11,278 16.586% .00 .00 .00 .00 1,520.36 1,520.36 13,683.24 Acres MSC 300 .441% .00 .00 .00 .00 40.44 40.44 363.96 Bell Co WCID #2 190 .279% .00 .00 .00 .00 25.61 25.61 230.49 Troy 213 .3131 .00 .00 .00 .00 28.71 28.71 258.39 Morgan's Point 190 .279% .00 .00 .00 .00 25.61 25.61 230.49 Pepper Creek 550 .809% .00 .00 .00 .00 74.14 74.14 667.26 Taylor's Valley WSC 270 .397% .00 .00 .00 .00 36.40 36.40 327.60 Woodland Point 50 .074% .00 .00 .00 .00 6.74 6.74 60.66 SALADO WSC 258 .379% .00 .00 .00 .00 34.78 34.78 313.02 TOTAL 67,998 100.000% .00 .00 .00 .00 9,166.63 9,166.63 82,499.67 Schedule for Fiscal Year 87 Table 2 -1 Local Sponsor: City of Round Rock I. Total Cost Summary Estimated 1990 Water Use (ac —ft): 4177 Local Share ( %): 6.143% Cost for 5 Year Period ($): 16,892.73 II. Triannual Payments by Fiscal Year No. of Payments: 1 Amount of Each Payment ($): 1,970.82 Total Amount of Payments ($): 1,970.82 Schedule for Fiscal Years 88 and 89 No. of Payments: 5 Amount of Each Payment ($): 1,970.82 Total Amount of Payments ($): 9,854.10 Schedule for Fiscal Years 89, 90, 91 and 92 (Loan Payment Only) No. of Payments: 9 Amount of Each Payment ($): 563.09 Total Amount of Payments ($): 5,067.81 III. Recommended Contingency: Total Cost for 5 Year Period with a 10% Contingency: $16,892.73 x 1.10 = $18,582.00 �. .. .� � - it ? ',G'C '�" - - ... AGREEMENT BY AND BETWEEN CITY OF ROUND ROCK AND THE BRAZOS RIVER AUTHORITY FOR PARTICIPATION IN AND FUNDING OF THE WACO QUALITY STUDY FOR LAKES BELTON AND STILLHOUSE HOLLOW The City of Round Rock hereby elects to participate as a "Local Sponsor" in the Water Quality Study for Lakes Belton and Stillhouse Hollow ( "Study ") to be performed by the Brazos River Authority, and the City of Round Rock further agrees to pay its allocated share for the Study cost in the amounts and on the dates scheduled below: Payment Due Payment On or Before Amount May 1, 1987 $1,970.82 September 1, 1987 $1,970.82 January 1, 1988 $1,970.82 May 1, 1988 $1,970.82 September 1, 1988 $1,970.82 January 1, 1989 $1,970.82 May 1, 1989 $563.09 September 1, 1989 $563.09 January 1, 1990 $563.09 May 1, 1990 $563.09 September 1, 1990 $563.09 January 1, 1991 $563.09 May 1, 1991 $563.09 September 1, 1991 $563.09 January 1, 1992 $563.09 Further, the City of Round Rock agrees, in the event that other entities who are presented similar agreements to participate in the Study fail to execute such other agreements and become a Local Sponsor in the Study, that the City of Round Rock's allocated share of the Study cost, as shown in the above payment amounts, may be increased by an additional amount of up to 10 %, and that the City of Round Rock agrees to make such scheduled increased payments provided that all other entities participating in the Study execute agreement similar to this agreement. The Brazos River Authority agrees to be the entity responsible for taking all actions necessary to cause the Study to be conducted, for the preparation of a formal study report and will use its best efforts to complete the Study and report by August 31, 1989. The obligations of the City of Round Rock and the Brazos River Authority under this Agreement are contingent upon the Authority: (i) being able to enter into contracts with Texas Water Development Board for grant funding of up to 50% of the Study cost; (ii) being able to obtain a loan of up to 25% of the Study cost from the Texas Water Development Board; and (iii) being able to enter agreements similar to this Agreement on the basis of which the Authority will obtain the funds to pay all of the local share of the Study cost. In the event funding is not provided as anticipated or that funding is interrupted or terminated, the Brazos River Authority will notify all Study participants and, if other financial arrangements cannot be negotiated and obtained, will refund any outstanding funds prepaid by the Study participants that were not used to match the cost of work actually performed. Agreed and accepted this g day of April, 1987. ATTEST: Assistant Secretary ATTEST: sistant Secretary Brazos er Authority By: 0 // ,, I arson H. General Manager City of Round Rock By: / !�"�-