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Ordinance No. 4,43360410 -13 ORDINANCE N0. 4433 AN ORDINANCE ACCEPTING THE BID OF H & W DISTRIBUTING FOR THE ANNUAL OIL AND GREASE CONTRACT AND AUTHORIZING THE PAYMENT BY THE CITY OF BAYTOWN OF THE SUM OF TWENTY THOUSAND SEVEN HUNDRED EIGHTY -FOUR AND 37/100 ($20,784.37) DOLLARS. WHEREAS, the City Council of the City of Baytown did authorize the Purchasing Department for the City of Baytown to advertise for bids for the annual oil and grease contract to be received March 27, 1986; and WHEREAS, notice to bidders as to the time and place, when and where the contract would be let was published pursuant to the provisions of Section 74 of the Charter of the City of Baytown; and WHEREAS, all bids were opened and publicly read at City Hall at 2:00 p.m., Thursday, March 27, 1986, as per published notice to bidders; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown hereby accepts the bid of H do W Distributing for the annual oil and grease contract for the sum of TWENTY THOUSAND SEVEN HUNDRED EIGHTY -FOUR AND 37/1130 ($20,784.37) DOLLARS, and authorizes payment thereof. Section 2: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 10th day of April, 1986. ATTEST: s� EILEEN P. HALL, City Clerk APPROVED: RANDALL B�.—STRONG, City A rney AGREEMENT 60410 -3b 1. Section 5.01 of the Original Contract is repealed and substituted therein shall be the following: 115.01. Capital Contribution. As a contribution to the capital investment of the City and in consideration for connection to the City's System,and in addition to payments or credits heretofore made or approved, the District shall pay to the City the amount of THIRTY -SIX THOUSAND THREE HUNDRED NINETY AND 40/100 DOLLARS ($36,390.40) in cash within one (1) week of the effective date of this agreement. Notwithstanding any other provisions herein all monies due the City from the District shall be due and payable within two (2) weeks of the funding of the first issue of capital improvement bonds by the District or no later than forty - eight (48) months from the date of this Contract, which ever comes first. In addition to said cash payment, the District shall pay the City a second or subsequent payment as a contribution to the capital investment of the City of ONE HUNDERED THOUSAND AND N01100 DOLLARS ($100,000.00), less any partial payments required hereunder. In order to further secure District's assurance of the availability of such funds, the District will provide, or cause to be provided, to the City an irrevocable Letter of Credit, payable to the City, in a form acceptable to the City in the amount of ONE HUNDRED THOUSAND AND N01100 DOLLARS ($100,000.00), so that, - should the City be required to enlarge or expand its wastewater facilities to provide service to District in the amounts set forth herein prior to the payment to the City by the District of ONE HUNDRED THOUSAND AND NO /100 DOLLARS ($100,000.00) described above, then, in such event, the Letter of Credit can be - 2 drawn upon by the City in such and installments necessary in order to provide funds e for such enlargement or expansion of wastewater facilities in the amount of District's pro rata share of any capital expansion costs not to exceed the aforesaid sum of $190,000.00 or the outstanding amount of the letter of credit. The City shall also be entitled to draw upon the full amount of such Letter of Credit, if the full amount of the capital investment contribution has not been paid within forty -eight (48) months of the date of this Contract. In conjunction with the payment provisions above, the District shall be required to make those partial payments called for in Exhibit "C" as specified numbers of connections are tied on to the District's System. In the event partial payments are made, the letter of credit shall be reduced accordingly upon written request of the District approved by representatives of the City." 2. Exhibit "C" to the Original Contract is repealed and substituted therein is the Revised Exhibit "C ", attached hereto. 3. All other terms and conditions, not substituted herein, shall remain in full force and effect. DATED this the 10th day of April, 1986. RANCH W D VELOPMENT CORPORATION r esiden ATTEST: e ,, ary CITY OF BAYTOWN Mayor ATTEST: '-ity Clerk (SEAL) - 3 -