Res 1990-115 - Laserfiche WebLink

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27 AMENDMENT TO OPERATING AGREEMENT BETWEEN THE LOWER COLORADO RIVER AUTHORITY AND THE CITY OF SAN MARCOS, TEXAS This Ägreement is between Lower Colorado River Authority (hereinafter NLCRAN), a public corporation created and existing under and by virtue of the laws of the state of Texas, with its principal office at Austin, in Travis County, Texas, and the City of San Marcos (hereinafter "CITYN), a municipality organized and existing under the laws of the state of Texas, located in Hays County, Texas. LCRA and CITY entered into an operating Agreement whereby LCRA will act as the CITY's Operating Agent to maintain, operate, replace and extend the transmission and distribution facilities purchased by CITY from LCRA in a safe, reliable, economic and efficient manner. A copy of the Operating Agreement dated July 24, 1986, is attached hereto and marked as Exhibit NA.N This Operating Agreement, insofar as it is not inconsistent with the terms hereof, shall remain in full force and effect and is made a part of this Agreement. LCRA and CITY desire, and do hereby amend the Operating Agreement attached hereto as Exhibit NAN in the following respects: 1. Section 1.1 of Article 1 entitled NTermN is hereby amended by deleting the existing paragraph and substituting it with the following paragraph as follows: This Agreement, in accordance with the terms hereinafter set forth, will become effective on September 1, 1986, and this initial term shall extend to April 30, 1991. This Agreement will remain in effect after April 30, 1991, on a year-to-year basis unless terminated by either party in accordance with the provisions of Section 7.1 of Article 7 herein. 2. Section 7.1 of Article 7 entitled NTerminationN shall be amended by deleting the existing paragraph and substituting it with the following paragraph: -1-