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<br />48 <br /> <br />RESOLUTION 1986-l4lR <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, REVOKING AND RESCINDING <br />THAT CERTAIN RESOLUTION ADOPTED ON SEPTEMBER <br />24, 1986, AT A SPECIAL MEETING OF THE SAN <br />MARCOS CITY COUNCIL, PERTAINING TO THE <br />CREATION OF A NON-PROFIT CORPORATION WHICH <br />WAS TO BE CREATED TO OPERATE A WATER SYSTEM <br />ACQUIRED FROM ELIM WATER COMPANY, INC., AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />WHEREAS, certáin documents approved by the City Council on <br />September 24, 1986, at a special meeting of the City Council, to-wit, <br />a promissory note of Elim Water Company, Inc., a Deed Of Trust Of <br />Elim Water Company, Inc., a Contract For Sale And Purchase Of Certain <br />Water Facilities Between Elim Water Company, Inc. And The City Of San <br />Marcos, a Contract For Transfer Of Certain Water System Facilities <br />Between Elim Water Company, Inc. And The City Of San Marcos, have not <br />been executed; and, <br /> <br />WHEREAS, at the time the above Resolution was adopted, one member <br />of the City Council was absent and did not have an opportunity to <br />express his views; and, <br /> <br />WHEREAS, after a full discussion of the issues, the events which have <br />transpired and have not transpired since the adoption of the Resolution, <br />and considering no contracts have been executed or delivered by the <br />City, the Council is of the opinion that the sale and purchase is not <br />now in the public interest; and, <br /> <br />WHEREAS, Elim Water Company, Inc. has failed to secure a transfer <br />of its certificate of convenience and necessity from Haysco to Elim <br />Water Company, Inc.; now, therefore, <br /> <br />BE <br />TEXAS: <br /> <br />IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> <br />PART 1. That that certain Resolution adopted by the City Council <br />of the City of San Marcos, Texas, at a special meeting held on September <br />24, 1986, pertaining to the creation of a non-profit corporation which <br />was to be created to operate a water system acquired from Elim Water <br />Company, Inc., is hereby revoked and rescinded in its entirety and all <br />authorizations approved therein are henceforth invalid and inoperative, <br />all subject to further consideration by the City Council. <br /> <br />PART 2. That this Resolution shall be in full force and effect <br />from and after its passage. <br /> <br />ADOPTED this 24th day of <br /> <br />NOr. ìber, 1986. <br /> <br />, i ~ <br />" "" <br />'. ]~Ar-' <br />/ \.fr'" '--\- <br />\ J. E. tJyoû~r <br />Mayor <br /> <br />Attest: . ) <br /> <br />~fðl~rs/( C~-ß~)/l./ <br /> <br />Janis K. Womack <br />City Secretary <br />