File #: 25-1165    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/18/2025 In control: City Council
On agenda: 7/29/2025 Final action: 7/29/2025
Title: Resolution authorizing an asset purchase and sale agreement with the City of Rockport in an amount of $5,500,000.00 for the purchase of the assets of the City of Rockport Natural Gas Utility System with funding available through the 2025 Utility System Revenue Bond.
Sponsors: Gas Department
Attachments: 1. Agenda Memo- Resolution purchase of Rockport Gas Distribution system, 2. Resolution - Rockport Asset Purchase, 3. 25 Asset Purchase Agmt 0725-final (002), 4. 25-1165- Presentation-Rockport Gas 7-29-25

title

Resolution authorizing an asset purchase and sale agreement with the City of Rockport in an amount of $5,500,000.00 for the purchase of the assets of the City of Rockport Natural Gas Utility System with funding available through the 2025 Utility System Revenue Bond.