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HomeMy WebLinkAboutRES 900235 - IH35 Line Ext Water/WastewaterRESOLUTION NO. 111104" A RESOLUTION AUTHORIZING THE MAYOR PRO -TEM TO SIGN A CONTRACTUAL AGREEMENT BETWEEN THE CITY OF GEORGETOWN AND RABBIT HILL ROAD JOINT VENTURE FOR THE EXTENSION OF WATER ANDWASTEWATER LINES ALONG THE SOUTH INTERSTATE HIGHWAY 75 CORRIDOR. WHEREAS, the City of Georgetown has obtained a grant through the Texas Capital Fund for the extension of water and wastewater lines to Advanced Custom Molders, Inc,; and WHEREAS, the City desires to construct the lines of sufficient size to allow developmentwithin the drainage basin; and WHEREAS, the City must look to property owners within the drainage basin to assist in the financing of the utility line extension; and {WHEREAS, the City is able to offer guaranteed capacity for participation in the financing and WHEREAS, Rabbit Hill Road Joint Venture owns land within the drainage basin, and is interested in participating in the financial costs of extending the utility lines, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT; Section I. The City Council adopts the recitals set forth above as true and correct and adopted herein verbatim as; if fully set forth at length. Section II, The City Council authorizes the Mayor Pro -Tem to execute and the City Secretary to attest the contract as attached, between the City of Georgetown and Rabbit Hill Road Joint venture, PASSED, APPROVED AND ADOPTED ON THIS THE 24TH DAY OF APRIL, 1990, Mike McMaster, Mayor Pro -Tem ATTEST; l4 Elizabeth G, Gray City Secretary