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RES NO 04-01-1998 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. Y —1998 A RESOLUTION AUTHORIZING THE MAYOR OF THE CITY OF VAN BUREN, ARKANSAS, TO SIGN AN AMENDMENT TO WATER PURCHASE CONTRACT DATED JANUARY 28, 1986, BETWEEN THE CITY OF VAN BUREN AND THE SEQUOYAH COUNTY WATER ASSOCIATION OF OKLAHOMA. WHEREAS, The City of Van Buren and the Sequoyah County Water Association has entered into a Water Purchase Contract dated January 28, 1986; and WHEREAS, The Van Buren Water and Sewer Commission at its regularly scheduled meeting on March 10, 1998, has recommended to the City Council that it would be in the best interest of the City of Van Buren to amend said contract: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT, the Mayor of the City of Van Buren, Arkansas, is hereby authorized to sign the attached Water Purchase Contract Amendment, that said Amendment is attached hereto as Exhibit A and is incorporated herein by reference and that the City Clerk of the City of Van Buren, Arkansas, is hereby authorized to attest of the Mayor's signature on said contract amendment. PASSED AND APPROVED THIS 20TH DAY OF APRIL ,19 98 10 it •QOR ATTESTED: ilettrh CITY CLERK TREASURER SEVENTH AMENDMENT TO WATER CONTRACT THIS AGREEMENT, made and entered into as of the 20th of April 1998, by and between City of Van Buren, Arkansas, hereinafter referred to as the City and Sequoyah County Water Association of Sallisaw, Oklahoma, hereinafter referred to as the Association. WITNESSETI-l: WHEREAS, they City and the Association have entered into a Water Contract dated January 28, 1986, and thereafter and on the 18th day of May, 1987, entered into an Amendment to Water Contract, and thereafter and on the 17th day of August, 1987, entered in Second Amendment to Water Contract, and thereafter and on the 20th day of October, 1987, entered into a Third Amendment to Water Contract, and thereafter and on the 21st day of January, 1988, entered into a Fourth Amendment to Water Contract and thereafter on December 20, 1993, entered into a Fifth Amendment to Water Contract, and thereafter on the 19th day of May, 1997, entered into a Sixth Amendment to Water Contract, and now mutually desire to amend said contract, as amended; and WHEREAS, by Resolution No. 4 -1 -1998 enacted on the 20th day of April 1998. by the City, the Seventh Amendment to Water Contract in accordance with the said Resolution was approved, and execution of this Seventh Amendment to Water Contract carrying out the said Resolution by the Mayor and attested by the City Clerk, was duly authorized; and WHEREAS, by Resolution of the Association enacted on the 24th day of February 1998, the Seventh Amendment to Water Contract with the City in accordance with the terms set forth in said Resolution was approved and execution of this Contract by the President and attested by the Secretary was duly authorized: NOW, THEREFORE: In consideration of the mutual agreements and covenants hereinafter set forth, the parties agree as follows: Paragraph 6 of the Water Contract between City and the Association dated January 28, 1986, and Amendment dated December 20, 1993, and amended dated May 19, 1997, as amended shall be amended by striking the Sixth Amendment, contained in said Contract, and amended, and substituting therefore Paragraph 6 which shall henceforth be as follows: Paragraph 6 of the Water Contract between the City and the Association as amended by amendment dated May 19th, 1997, shall be amended, therefore Paragraph 6 which shall henceforth be as follows: Unless the agreement is terminated by breach of one of the parties, this contract and agreement shall have a term of forty-two (42) years commencing with the date first set above. Seventh Amendment of Water Contract Page Two IN WITNESS WHEREOF, the parties, pursuant to Resolutions of their respective governing bodies, have caused this Seventh Amendment to Water Contract to be executed as of the first date set forth above by the Mayor and City Clerk of the City, and the President and Secretary of the Association. CITY OF VAN BUREN. ARKANSAS BY: MAYOR ATTEST: d FA/ City Clerk [Seal] SEQUOYAH COUNTY WATER ASSOCIATION BY: di 4 AG' A t�� PRESIDENT Garner Garrison ATTEST: 'Secretary Morgan Newman [Seal] 0 RESOLUTION A RESOLUTION RECOMMENDING TO THE MAYOR AND CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS THAT AMENDMENT NUMBER SEVEN TO THE WATER PURCHASE CONTRACT DATED JANUARY 28, 1986, BETWEEN THE CITY OF VAN BUREN AND THE O SEQUOYAH COUNTY WATER ASSOCIATION OF OKLAHOMA BE ADOPTED. WHEREAS, the City of Van Buren and The Sequoyah County Water Association has entered into a water purchase contract dated January 28, 1986; and, WHEREAS, The Farmers Home Administration is withholding approval of the Sequoyah County Water Users project subject to the contract being modified to reflect maximum water usage and specific water conservation measures. WHEREAS, The Van Buren Water, Sewer, and Solid Waste Commission at its regularly scheduled meeting on March 10, 1998. has determined it to be in the City's best interest to recommend adoption of a Seventh Amendment to address said concerns: NOW, THEREFORE, BE IT RESOLVED by the Water, Sewer, Solid Waste Commission of the City of Van Buren, Arkansas: THAT it is hereby recommended to the Mayor and City Council that the water purchase contract be amended to reflect a terns of forty -two (42) years with said seventh (7th) Amendment being incorporated herein by reference. PASSED AND APPROVED day of h 1998. APPROVED: C. E. Douganrha4 —a A ATTEST: Janis4ewman, Secretary 0