Res 1988-044 - Laserfiche WebLink

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agreement with a provision for a closing date that will allow San Marcos a reasonable time in which to pay its share of the purchase cost and expenses related thereto. Upon payment by San Marcos, New Braunfels will grant to San Marcos a permanent right to receive its pro rata share of the treated surface water. The right shall include a buyout provision whereby the City of San Marcos could sell its interest to a third party provided New Braunfels is given a first right of refusal to purchase same for the original costs of San Marcos for the project. New Braunfels would have the same privilege to sell its interest provided San Marcos is given a first right of refusal to purchase the interest at New Braunfels at its original costs for the project. The agreement should also provide that in case the treatment proj ect is not completed by New Braunfels, New Braunfels would reimburse San Marcos for its costs for the project. TREATMENT FACILITIES New Braunfels will design and be responsible for constructing the surface water treatment facilities necessary to treat projected demands at quality levels in compliance with all state and federal guidelines. Initially, it is anticipated New Braunfels will construct facilities sufficient to treat approximately 6,000 acre feet per year to maintain a base load delivery of 6 million gallons/day for its own system. As a part of this construction, New Braunfels would design facilities in a manner that would allow the plant to be expanded to treat million gallons/day for San Marcos' use in a cost effective manner.