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HomeMy WebLinkAboutC2018-036 - 1/30/2018 - Approved Extension to the Agreement for Exclusive Reservation of Recycled Water Between Valero Refining-Texas, L.P.and City of Corpus Christi Whereas, on December 17, 2013, the City of Corpus Christi and Valero Refining—Texas, L.P. entered into an Agreement for Exclusive Reservation of Recycled Water("the Reservation Agreement")with a term of nine months, with an option to extend the Reservation Agreement for an additional three-month period; Whereas,the Reservation Agreement provided for the City to reserve for the exclusive benefit of Valero the capacity for delivery of up to 4 million gallons per day ("mgd") of recycled water/treated wastewater effluent from the Broadway Wastewater Treatment Plant ("BWWTP") or from any other wastewater treatment plants in the even, the City will no longer be operating the BWWTP; Whereas, the Parties entered into an Amendment and Extension to the Reservation on December 16, 2014, which reserved 4 mgd from the Greenwood Wastewater Treatment Plant for Valero, provided a term of nine months, and provided for one three-month extension after the nine-month term; Whereas, the Parties entered into a Second Amendment and Extension to the Reservation Agreement on December 15, 2015, extending the term through June 16, 2017; Whereas,the Parties entered into an Extension to the Reservation Agreement on June 14,2017,extending the Reservation Agreement until August 16, 2017; Whereas,the Parties entered into an Extension to the Reservation Agreement on July 28,2017,extending the Reservation Agreement until February 16, 2018; Whereas,the Parties desire to further extend the Reservation Agreement for six months; Now, therefore, the Parties agree as follows; 1. The term of the Agreement for Exclusive Reservation of Recycled Water Between Valero Refining-TExas, L.P. and City of Corpus Christi as previously amended and extended, is hereby extended for an additional six months, to expire on August 16, 2018. 2. This Extension to the Reservation Agreement takes effect on date of last signature. 3. All other terms and conditions of the Reservation Agreement,as previously amended and extended,remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties have executed this Extension as of the day and ye r written below. 0—,k.k.AU I HUKILL,. VALERO: CITY: SY COUNCIL_ .�...�L VALERO ING - TEXAS, CITY OF CORPUS CHRISTI � 3FCRfTAR� By: —t-i (-6 l i AL Name: Dennis Payne Name: Mav It) G /63 Title: Senior Vice President& General Manager Title: CI, ,!' I an4 - /i/,$ Date: 91 2018-036 lj 1/30/18 /rwrovet A., �, fp rt.", M2018-022 t�1, s I ��{vrr, Valero Refining-Texas LP B' aP- r r ATTE'S. h A / .' R BECCA HUERTA I D CITY SECRETARY