HomeMy WebLinkAboutM1994-327 - 12/20/1994MOTIONS - 12/20/94
Motion approving the recommendation that the option to exercise the right to
purchase up to 35,000 acre-feet of water rights from Garwood Irrigation Company,
which expires December 31, 1996, not be exercised at this time, and that further
consideration be given to exercising the option in June 1995. The price will
increase from $410 to $420 per acre-foot on January 1, 1995. Monthly option
contract payments will continue at $25,000 and will apply to the purchase price at
the time a successful purchase is completed.
A'I-FEST:
City Secretary v
Mayor
City of Corpus Christi
M94-327 ~~