AGENDA CAPTION:
Title
Consider approval of Resolution 2023-154R, approving an agreement providing for the city to sell Edwards Aquifer Water on a temporary basis to the City of Kyle; authorizing the City Manager, or her designee, to execute the agreement on behalf of the city; and declaring an effective date.
Body
Meeting date: September 19, 2023
Department: Utilities, Tyler J. Hjorth - Director
Amount & Source of Funding
Funds Required: $0
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Fiscal Note:
Prior Council Action: 2022-277R authorizing a similar sale
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Background Information:
Due to a historical drought that Central Texas is currently facing, the City of Kyle anticipates the need for additional water during the Edwards Aquifer Authority permit period for 2023. This additional water will prevent Kyle from exceeding their permitted Edwards Aquifer annual capacity. This permitting period dates January 1 to December 31, 2023.
San Marcos has supplies above and beyond their current needs within its EAA permit. San Marcos is willing to commit and make available water to Kyle from their existing water portfolio of EAA-permitted water supply during the remainder of 2023.
The contracted price anticipates a revenue of up to $348,...
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