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RES 1493 06/24/2014 OF tit c' 0 T x i "City of Cibolo" RESOLUTION NO. 14 9 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS ACKNOWLEDGING AND SUPPORTING THE BUSINESS PLAN OF CIBOLO VALLEY LOCAL GOVERNMENT CORPORATION FOR THE DEVELOPMENT OF WATER RESOURCES; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, Cibolo Valley Local Government Corporation ("CVLGC") is a local government corporation, created and existing under the provisions of Subchapter D of Chapter 431, Texas Transportation Code, as amended ("Chapter 431"), and Chapter 394, Texas Local Government Code ("Chapter 394" and together with Chapter 431, the "Act') and has and may exercise all of the rights, powers, privileges, authority, and functions given by the general laws of the State of Texas to non-profit corporations incorporated under the Act including, without limitation, the Texas Non-Profit Corporation Act, Chapter 22, Texas Business Organizations Code; and WHEREAS, the City Council was invited to a joint workshop with CVLGC wherein CVLGC presented its business plan for securing, developing, and producing potable water resources for use by the CVLGC member cities; and WHEREAS, the City believes that development of additional potable water resources is vital to the continued growth and prosperity of the City; and WHEREAS, the City understands and acknowledges that CVLGC is in the preliminary phases of water resource development; and WHEREAS, further commitment to the CVLGC business plan will require additional financial support for the City; and WHEREAS, the City understands that additional contracts will be presented as the water resources are developed to delineate the responsibilities of CVLGC, the City, and other CVLGC member cities. NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CIBOLO, TEXAS: Section 1. The recitals contained in the preamble of this Resolution are determined to be true and correct and are hereby adopted as a part of this Resolution. 1 Section 2. The City hereby acknowledges and supports CVLGC's business plan and supports its effort to develop additional potable water alternatives for the City. Section 3. This Resolution shall take effect immediately upon adoption hereof. PASSED AND APPROVED the � /,—r)% ay of 2014. Lisa M. Jackson Mayor ATTEST: 1 Peggy Cimics City Secretary 2