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<br />DAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I April 9, 2007 <br /> <br />D Discussion ~Information DRefer to: <br /> <br />SUBMITTED BY: <br />Gene Anderson, Finance Director <br /> <br />DESCRIPTION: <br /> <br />Update on the status of steps taken to purchase the water rights in Pat Mayse <br />Reservoir. <br /> <br />BACKGROUND INFORMATION: <br /> <br />The City proposes to pay in full for all water rights in Pat Mayse Reservoir. This <br />would include spaces one and two currently being paid for on an installment basis <br />and spaces three, four, and five on which no payments have been made. The cost <br />under the proposal would be not more than $3,635,819.24. Congressman Hall has <br />successfully included our proposal in HR 1495 (the Water Resources Development <br />Act of 2007). The next key step will be the conference committee reconciliation of <br />the House and Senate versions of the bill. <br /> <br />FISCAL AUTHORITY: <br />BUDGETED: <br /> <br />No <br /> <br />Account #: 12-0916-82-10 <br /> <br />Pat Mayse Reserve and Bond proceeds. <br /> <br />LEGAL REVIEW: <br />COMMENTS: <br /> <br />MANAGER'S RECOMMENDATION: <br />