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Resolution - Grant Agreement with Harris-Galveston Coastal Subsidence DistrictA RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY APPROVING A GRANT AGREEMENT WITH THE HARRIS-GALVESTON COASTAL SUBSIDENCE DISTRICT REGARDING DISINCENTIVE FEE FUNDS TO COVER A PORTION OF THE CAPITAL BUY -IN FEE FOR COUNTRY TERRACE WATER COMPANY; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ****************************************************************************** BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY: Section 1: That the Board of Directors of the Baytown Area Water Authority hereby approve a grant agreement with the Harris -Galveston Coastal Subsidence District regarding disincentive fee funds to cover a portion of the capital buy -in fee for Country Terrace Water Company. A copy of said Agreement is attached hereto as Exhibit "A" and incorporated herewith for all intents and purposes. Section 2: This resolution shall take effect immediately from and after its passage by the Board of Directors of the Baytown Area Water Authority. Aoeetze,a,- ATTEST: W./SMITH, Assistant Secretary APPROVED AS TO FORM: ACIO RAMIREZ, S eneral Counsel F:jy\Jeanene\My Documents\Council\0102\December\BAWAResolutionApproveAgreementHarrisGalvestonSubsidenceDistrict.doc •