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RES NO 06-02-2008 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. l p j.„ -2008 ARESOLUTION 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 May 14, 2008, 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 Con- tract 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 the Mayor's signature on said contract amendment. PASSED AND APPROVED THIS 16TH DAY OF JUNE 2008 MAYOR ATTESTED: CITY CLERK-TREASURER 0 RESOLUTION A RESOLUTION RECOMMENDING TO THE MAYOR AND CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS THAT AMENDMENT NUMBER EIGHT TO THE WATER PURCHASE CONTRACT DATED JANUARY 28, 1986, BETWEEN TFIE CITY OF VAN BUREN AND THE 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 paragraph 6 of the contract being modified to reflect an increase in the term of contract. WHEREAS, The Van Buren Municipal Utilities Commission at it's regularly scheduled meeting on May 14, 2008, has determined it to be in the City's best interest to recommend adoption of an Eighth Amendment to address said concerns: NOW, THEREFORE, BE IT RESOLVED by the Van Buren Municipal Utilities 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 term of fifty (50) years with said eighth (8 Amendment being incorporated here -in by reference. PASSED AND APPROVED 14 day of May. 2008. APPROVED: ter_ st ay.— E. Dougan, Chairm ATTEST: 0 D Janis ewman, Secretary 0 SEQUOYAH COUNTY WATER ASSOCIATION RESOLUTION NO. 4 -29 -2008 A RESOLUTION AUTHORIZING THE PRESIDENT OF SEQUOYAH COUNTY WATER ASSOCIATION TO SIGN AN EIGHTH AMENDMENT TO WATER PURCHASE CONTRACT BETWEEN THE CITY OF VAN BUREN, ARKANSAS, AND THE SEQUOYAH COUNTY WATER ASSOCIATION OF OKLAHOMA. WHEREAS, the City of Van Buren and the Sequoyah County Water Association have entered into a Water Purchase Contract dated January 28, 1986, and have entered into seven Amendments to such Contract; and WHEREAS, Sequoyah County Water Association at its regular scheduled meeting on April 29, 2008, has determined that it would be in the best interest of Sequoyah County Water Association to further amend said contract: NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE SEQUOYAH COUNTY WATER ASSOCIATION: 0 That, the President of Sequoyah County Water Association is hereby authorized to sign the attached Eighth Amendment to Water Contract; that said amendment is attached hereto as Exhibit A and is incorporated herein by reference and that the Secretary is hereby authorized to attest the President's signature on said contract amendment. PASSED AND APPROVED this 29th day of April, 2008. SEQUOYAH COUNTY WATER ASSOCIATION BY: A, ,t. A i t�..,�► GARNER GARRISON, President ATTEST: /to GAN NEWMAN, Secretary y. 0 APR-24-2000 02:21P FROM:VAN BUREN MUNICIPRL 479- 474 -8969 TO:19127756932 P.2 0 EIGHTH AMENDMENT TO WATER CONTRACT THIS AGREEMENT made and entered into as of the of 2008, by and between the 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. WITNESSETH: WHEREAS, the City and the Association have entered into a Water Contract dated January 28, 1986, and thereafter and on the 18 day of May, 1987, entered into an Amendment to Water Contract, and thereafter and on the 17' day of August, 1987, entered in Second Amendment to Water Contract, and thereafter and on the 20 day of October, 1987, entered into a Third Amendment to Water Contract, and thereafter and on the 21 day of January, 1988, entered into a FourthAmendment to Water Contract, and thereafter on December 20 1993, entered into the Fifth Amendment to Water Contract, and thereafter on the 19 day of May 1997, entered into a Sixth Amendment to Water Contract, and thereafter on the 20 day' of April 1998, entered into a Seventh Amendment to Water Contract and now mutually desire to amend said contract, as amended; and WHEREAS, by Resolution No. enacted on the day of May 2008, by the City, the Eighth Amendment to Water Contract in accordance with the said Resolution was approved, and execution of this Eighth 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 29 thday of Avril 2008, the Eighth 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: 1.) Paragraph 6 of the Water Contract between the City and the Association dated January 28, 1986, and Amendment dated December 20, 1993, and Amended dated May 19, 1997, and Amended April 20 1998, as Amended shall be APR -24 -2008 02:21P FROM:UAN BUREN MUNICIPAL 479 474 -8969 T0:19187756932 P.3 0 Amended by striking the Seventh Amendment, contained in said Contract and Amended, and substituting therefore paragraph 6 which shall henceforth be as follows: Unless the agreement is terminated by breach of one of the parties, this agreement shall have a term of fifty (50) years commencing with the date set forth above IN WITNESS WHEREOF, the parties, pursuant to Resolutions of their respective goveming bodies, have caused this Eighth 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: CITY CLERK,p, \C._./)\- [Seal] SEQUOYAH COUNTY WATER ASSOCIATION BY: r ✓.d_Ar PRESIDENT, Garner Garrison ATTEST; S Sri -1— ecretary [Seal]