File #: 25-0454    Version: 1 Name:
Type: Resolution Status: Future Agenda
File created: 3/25/2025 In control: City Council
On agenda: 4/8/2025 Final action:
Title: Resolution to authorize City Manager or designee to execute a Temporary Untreated Raw Water Sales Contract with Formosa Plastics Corporation, for City to purchase up to 10,000 acre feet of untreated raw water from Lake Texana through December 31, 2025 at price of $900 per acre-foot of water with take-or-pay quantity of 2500 acre feet; and authorizing execution of one-year mutual extension for City to purchase additional 10,000 acre feet of Lake Texana water in calendar year 2026, at $900 per acre-foot rate and 2500 acre feet take-or pay quantity.
Sponsors: Corpus Christi Water
Attachments: 1. Formosa - Agenda Memo 04072024, 2. Resolution with Temporary Untreated Raw Water Sales Contract with Formosa Plastics Corporation 04-04-2025, 3. 25-0454 FPC TX to LNRA Temp Raw Water Contract (FPC TX Executed), 4. 25-0454 Presentation Formosa v3
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Title

Resolution to authorize City Manager or designee to execute a Temporary Untreated Raw Water Sales Contract with Formosa Plastics Corporation, for City to purchase up to 10,000 acre feet of untreated raw water from Lake Texana through December 31, 2025 at price of $900 per acre-foot of water with take-or-pay quantity of 2500 acre feet; and authorizing execution of one-year mutual extension for City to purchase additional 10,000 acre feet of Lake Texana water in calendar year 2026, at $900 per acre-foot rate and 2500 acre feet take-or pay quantity.