Title
Consider a resolution authorizing the Mayor to execute a Third Amendment to the Wastewater Service Agreement with Fern Bluff Municipal Utility District.
Body
The Texas Commission on Environmental Quality (TCEQ) recently updated their permitting requirements for wastewater effluent discharge, necessitating the upgrade of the Brushy Creek Regional Wastewater East Treatment Plant, in addition to the expansion already underway. As a wholesale customer of the City of Round Rock, Fern Bluff MUD is responsible for paying for a portion of the required upgrades which amounts to $402,000. Rather than pay cash upfront, Fern Bluff MUD would like to enter into a payment installment plan, so Round Rock will pay for the upgrades, and be reimbursed by Fern Bluff MUD, with interest. This third amendment to the Wastewater Service agreement outlines the debt service schedule to be paid by Fern Bluff MUD over the course of the next 18 years.