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R-96-09-26-13D - 9/26/1996ATTEST: K \NPD0C8 \RBSOLVII \RS60926D.WPD /Deg RESOLUTION NO. R- 96- 09- 26 -13D WHEREAS, the Brazos River Authority ( "BRA ") and the City of Round Rock ( "City ") have entered into that one certain contract entitled Water Supply Contract By and Between Brazos River Authority and City of Round Rock, dated April 20, 1978 ( "1978 Contract ") which provides City the right to make withdrawals of water from Lake Georgetown, and WHEREAS, BRA and City wish to amend the 1978 Contract to increase the amount of water available to City from Lake Georgetown, and WHEREAS, an agreement entitled Third Amendment to Water Supply Contract By and Between Brazos River Authority and City of Round Rock ( "Third Amendment ") has been prepared to so amend the 1978 Contract, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City the aforesaid Third Amendment, a copy of which is attached hereto as an exhibit. RESOLVED this 26th day of September, 1996. CHARLES CULHEP ER, Mayor City of Round Rock, Texas THIRD AMENDMENT TO WATER SUPPLY CONTRACT BY AND BETWEEN BRAZOS RIVER AUTHORITY AND CITY OF ROUND ROCK This THIRD AMENDMENT made and entered into this 9 day of 2 z'& 1996, by and between BRAZOS RIVER AUTHORITY ( "Authority "), a river authority of the State of Texas, and the CITY OF ROUND ROCK ( "Round Rock "), of Williamson County, Texas. A. RECITALS Authority and Round Rock are parties to a contract entitled "Water Supply Contract By And Between Brazos River Authority And City of Round Rock" ( "1978 Contract "), dated April 20, 1978, under which Round Rock is granted the right to make withdrawals of water from Lake Georgetown (called "North Fork Lake" in the 1978 Contract), built by the United States Army Corps of Engineers on the North Fork of the San Gabriel River in Williamson County, Texas. At the time the 1978 Contract was entered into, Lake Georgetown had not been constructed. It has now been completed and Round Rock has been utilizing Lake Georgetown as a water supply under the provisions of the contract for several years. The 1978 Contract was extended and amended by an agreement entitled "Extension And Amendment Of Water Supply Contract By And Between Brazos River Authority And City Of Round Rock" ( "First Amendment "), dated October 29, 1980. The 1978 Contract and the First Amendment were amended by an agreement entitled "Amendment To Water Supply Contract By And Between Brazos River Authority ' And City Of Round Rock" ( "Second Amendment "), dated September 12, 1991. The purpose of this Third Amendment is to amend the 1978 Contract, as amended, to change the amount of water available to Round Rock from Lake Georgetown under the 1978 Contract. At the beginning of calendar year 1995, Round Rock had a total contractual right to 6,720 acre -feet of water per year from Lake Georgetown. Of that amount, 6,264 acre -feet of water per year was Election Use Water and 456 acre -feet of water per year was Option Water. During calendar year 1995, Round Rock converted all of its Option Water to Election Use Water. In addition, Round Rock withdrew and used 529 acre -feet of water from Lake Georgetown which was a part of the City of Georgetown's Option Water. Pursuant to the terms of the "Williamson County Regional Raw Water Line Agreement Between Brazos River Authority And City Of Georgetown, City Of Round Rock And Jonah Water Supply Corporation," ( "Raw Water Line Agreement ") dated June 30, 1986, upon Georgetown's determination that it did not wish to reacquire the activated 529 acre -feet of water per year, Round Rock now has the obligation to pay for that amount of water at 150% of the Election Use Water price, with 50% of the Election Use Water price to be remitted to Georgetown. B. AMENDMENT TO SECTION 3 OF SECOND AMENDMENT, AVAILABILITY OF WATER TO ROUND ROCK SECTION 3 OF SECOND AMENDMENT, AVAILABILITY OF WATER TO ROUND ROCK, is deleted in its entirety and replaced with the following: SECTION 3, AVAILABILITY OF WATER TO ROUND ROCK. While the 1978 Contract, as amended, remains in force, Round Rock shall have the right to divert and use up to 7,249 acre -feet of water per year. This amount shall not be decreased; however, should this amount of water exceed Round Rock's needs, Authority will, upon written request from Round Rock, use reasonable efforts to sell the water for which Round Rock has obligated itself to pay by the 1978 Contract, as amended, in excess of the amounts which it can actually use and 2 will apply the proceeds of any such sale in excess of Authority's costs in making such sale and supplying the water sold against the obligations of Round Rock to make payments to Authority under the 1978 Contract, as amended. In accordance with the provisions of the Raw Water Line Agreement, if Round Rock determines that it will have need for more than the 7,249 acre -feet of water per year committed to it under the 1978 Contract, as amended, it may file a written request for an increased commitment at least ninety (90) days prior to the desired date of such increase. Upon such request, the Authority will follow the procedures and apply the pricing structure required under the Raw Water Line Agreement, if such requested additional water or a portion thereof is available for acquisition by Round Rock. C. AMENDMENT TO SECTION 4 OF SECOND AMENDMENT, DETERMINATION OF PAYMENTS SECTION 4 OF SECOND AMENDMENT, DETERMINATION OF PAYMENTS, is deleted in its entirety and replaced with the following: SECTION 4, DETERMINATION OF PAYMENTS. Round Rock shall make payments to Authority during each year while the 1978 Contract, as amended, remains in force for the original 6,720 acre -feet of water per year committed to it at the Election Use Water price, as escalated pursuant to Second Amendment. Round Rock shall make payments to Authority during each year while the 1978 Contract, as amended, remains in force for the 529 acre -feet of water per year acquired from the City of Georgetown through this Third Amendment and for any future water acquired from the City of Georgetown pursuant to the Raw Water 3 Line Agreement at the price of 150% of the Election Use Water price, as escalated, as required by the Raw Water Line Agreement. D. AMENDMENT TO SECTION 7 OF SECOND AMENDMENT, EMERGENCIES SECTION 7 OF SECOND AMENDMENT, EMERGENCIES, is amended by the deletion of the equation "P equals 6,720 (D /C)" and the addition in its place of the equation "P equals 7,249 (D /C)." IN WITNESS WHEREOF, this Third Amendment is executed on behalf of Authority and Round Rock by their respective officers hereunto duly authorized, in duplicate counterparts, each of which shall constitute an original, but both of which when taken together shall constitute but one and the same Third Amendment. CITY 0 ROUND ROCK BRAZOS RIVER AUTHORITY By: Title: ATTEST: ATTEST: Al u . /A4 /40. W:tcontlmisclrramd.#3 4 By: / -Ge Roy A. Roberts, P.E. General Manager 9 DATE: September 24, 1996 SUBJECT: City Council Meeting, September 26, 1996 ITEM: 13.D Consider a resolution authorizing the Mayor to execute a Third Amendment to Water Supply Contract Between the Brazos River Authority and the City of Round Rock. STAFF RESOURCE PERSON: Jim Nuse and /or Steve Sheets STAFF RECOMMENDATION: Approval of the resolution The Third Amendment will increase the amount of water that the City has a right to withdraw from Lake Georgetown from 6,720 acre - feet of water per year to 7,249 acre -feet of water per year. C.\ WPDOCS\ ACITY\RESOLOTI \BS60926A.WPB /01e Brazos River Authority _ Mr. Robert Bennett City Manager City of Round Rock 221 E. Main Street Round Rock, Texas 78664 Dear Mr. Bennett: MEF:it w. \cont\ rates tetter2.doc RECEIVED DEC 1 91996 Pursuant to the terms of Replacement Water Supply Agreement Between Brazos River Authority And City Of Round Rock and the Water Supply Contract By and Between Brazos River Authority And City Of Round Rock, the City of Round Rock ( "Round Rock ") is to receive notice of any anticipated adjustment in water prices by January 1 of each year. The Authority is also to provide the data utilized by the Authority's Board of Directors in determining whether a price increase is justified. The System Rate (the only rate offered by the Authority to its new customers) is set by the Board at its July meeting. This rate is based on the cost of service to provide water to all its customers. This last July, staff presented a proposed cost -of- service based System Rate of $20.21. This rate reflects the actual cost to the Authority to provide one acre -foot of water per year to a customer. Because this rate is considerably above the average price Round Rock is paying for the Election Use Water and Option Water committed to it under its contracts, staff will recommend that the Board escalate the price for Election Use Water to $23.04 an acre -foot of water per year and for Option Water to $11.52 an acre -foot of water per year pursuant to the terms of the contracts. If the Board continues to adhere to this approach, Round Rock can anticipate having the price of its water under its contracts escalated on an annual basis so long as the average price being paid is below the System Rate. To the extent the prices in its contracts are related to the System Rate, Round Rock may wish to have a representative attend the Customer Advisory Group meeting in June of each year at which the proposed System Rate is presented and explained. Thank you for the opportunity to serve you as a customer. Sincerely, MICHAEL E. FIELD Executive Counsel 4400 Cobbs Drive • P.O. Box 7555 • Waco, Texas 76714 -7555 817 - 776 • FAX 817 QUALITY • CONSERVATION • SERVICE December 16, 1996