HomeMy WebLinkAboutM1995-340 - 11/28/1995MOTIONS - 11/28/95
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 June, 1996. The price will
increase from $430 to $440 per acre foot on January 1, 1996. Monthly option
contract payments will continue at $25,000 and will apply to the purchase price at
the time a successful purchase is completed.
ATTEST:
City Secretary
City of Corpus Christi
M95-340