HomeMy WebLinkAboutM1995-143 - 06/13/1995MOTIONS - 6/13/95
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 December 1995. The price will
increase from $420 to $430 per acre foot on July 1, 1995. Monthly option contract
payments will continue at $25,000 and will apply to the purchase ~rice at the time
a successful purchase is completed.
ATTEST:
City Secretary
Mayor '~"b~
City of Corpus Christi
M95-143