HomeMy WebLinkAboutM1994-153 - 06/14/199423.
MOTIONS - 6/14/94
(A) amending the settlement agreement approved in Motion M94-035 (adopted
Feb. 8, 1994) by authorizing King Construction Company to sell all dirt excavated
from the remediation site and pay to the City of Corpus Christi $1.50 for each
cubic yard of dirt sold up to 160,000 cubic yards, requiring King to deposit
$120,000 with the City as a guarantee of the sale of at least 80,000 cubic yards,
and requiring King to perform additional construction services on the remediation
project in the nature of silt fencing and erosion control in consideration of
additional payment by the City of $25,000;
(B) authorizing the City Manager to purchase for the City the following interests in
land as approved by the United States Environmental Protection Agency for a
mitigation site in Docket No. 6-89-0037A2: (1) a conservation easement in
perpetuity of 32.222 acres, (2) a 5-year disposal site lease of 20 acres, and (3) a
5-year ingress and egress easement of 4.009 acres, such land abutting the
Laguna Madre approximately 4 miles South of the JFK Causeway, to be acquired
from the University of Texas et al for: (1) $85,000 cash at closing, (2) an
additional $205,000 payable in equal quarterly payments over 3 years (from sale
of dirt from the remediation site, to the extent sufficient); provided, King shall
guarantee to City payment of the first $120,000, and (3) up to an additional
$35,000 at $1.50 per cubic yard if in excess of 136,666.67 cubic yards of dirt is
sold from the remediation site;
(C) authorizing the City Manager to pay an administrative penalty to the
Environmental Protection Agency not to exceed $40,000; and
(D) authorizing the City Manager to execute all agreements with provisions
necessary and incidental to completing the agreement negotiated by the parties.
A~-FEST:
City Secretary
Mayor ~ ~
City of Corpu~s...C_bristi
M94-153