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HomeMy WebLinkAbout10-10-85-09 - Resolution - 10/10/1985..', is �'. '; '•'•P—�i RESOLUTION NO. 10-10-85-09 A RESOLUTION SUPPORTING ADOPTION OF THE NEW TEXAS WATER PLAN AT THE NOVEMBER 5, 1985 CONSTITUTIONAL AMENDMENTS ELECTION. WHEREAS, rapid economic expansion and population growth are taxing the state's existing water resources to their limits; and to meet the current and mid-term needs of the state will require the construction of at least 44 new reservoirs, 200 major wastewater treatment systems and scores of large-scale flood -control proj- ects; and WHEREAS, the cumulative cost of the water resource fa- cilities that need to' be provided between now and the year 2030 could approach $100 billion -- an amount that far exceeds the ability of local governments to finance without state assistance; and WHEREAS, the 1985 Texas Legislature approved a new pro- posed Texas Water Plan that, upon voter adoption, will establish a sound methodology for addressing the state's diverse water problems, and create a major new role for state government in helping finance the solu- tions to those problems; and WHEREAS, the new Texas Water Plan will appear on the November 5, 1985 statewide constitutional amendments ballot as Amendments 1 and 2 and, if adopted, would: (1) Create a $400 million state fund to guarantee water resource bonds issued by municipal gov- ernments, thus saving city taxpayers tens of millions of dollars in interest costs; C. (2) Allocate $400 million in funding for state,,, participation in the cost of oversize capaci- ty of reservoirs and other facilities that {:'J exceed immediate local requirements, thus al- leviating short-term financial strains on lo- cal �wiC governments; (3) Authorize the issuance of $580 million in state bonds to be used for loans to cities and other local governments, including $190 million for water supply facilities, $190 million for wastewater projects and $200 mil- lion for flood -control facilities; and Resolution No. 10-10-85-09 Page 2 (4) Establish a state loan fund to assist farmers with the purchase of water -efficient irriga- tion equipment, and provide state financing for agricultural water conservation research programs; and • WHEREAS, state legislation that will be implemented up- on adoption of Amendments 1 and 2 would enhance the preservation of the state's water resources by estab- lishing safeguards for bays and estuarine areas; pro- viding incentives for water conservation; and by autho- rizing the creation of voter -approved mechanisms to protect underground water supplies; and WHEREAS, voter adoption of Amendments 1 and 2 is essen- tial to insure the state's future wellbeing and the continued prosperity of Texas cities; NOW, THEREFORE, BE IT RESOLVED that the City Council of of the City of College Station endorses Amendments No. 1 and 2, .and urges their adoption by the citizens of College Station at the November 5 constitutional amend- ments election. Passed and approved this the 10th day of October, 1985. ATTEST: Dian Jo APPR Gary H.. ter, Mayor City Secretary