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Res 2013-016/Lease with Martin Marietta Materials Southwest, Inc.
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Res 2013-016/Lease with Martin Marietta Materials Southwest, Inc.
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Last modified
4/3/2014 11:18:27 AM
Creation date
1/28/2013 3:18:50 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2013-16
Date
1/15/2013
Volume Book
196
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RESOLUTION NO. 2013-16R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A LEASE WITH MARTIN MARIETTA <br />MATERIALS SOUTHWEST, INC. LEASING THE CITY'S RIGHT TO <br />WITHDRAW 1,000 ACRE FEET OF WATER FROM THE EDWARDS <br />AQUIFER IN EXCHANGE FOR PAYMENT TO THE CITY OF $220,000 <br />IN LEASE PAYMENTS AND PAYMENT OF EDWARDS AQUIFER <br />MANAGEMENT FEES ON THE CITY'S BEHALF IN THE SUM OF <br />$84,000; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The attached Lease of Edwards Aquifer Groundwater with Martin Marietta <br />Materials Southwest, Inc. (Lease) is hereby approved. <br />PART 2. The City Manager is authorized to execute the Lease on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on January 15, 2013. <br />niel Guerrero <br />Mayor <br />Attest: <br />Jamie Lee Pettijohn <br />Jerk <br />
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