Title
Approving a resolution authorizing payment in the amount of $250,000 for decertification of the Certificate of Convenience and Necessity (CCN) of the Manville Water Supply Corporation for the Sorento Property and acknowledging this decertification as a gesture of cooperation, conciliation and goodwill by the Manville Water Supply Corporation.
Summary
Manville Water Supply Corporation is currently negotiating an agreement with Sorento for the decertification of their water service area to allow for service to be provided by the City of Pflugerville. This item has been included on the agenda to allow the City Council to approve a payment in the amount of $250,000 to be dispersed as appropriate by the City Manager to allow for the decertification.
Deadline for City Council Action
Action is requested on April 9, 2013.
Fiscal Impact
There are funds available in the Utility Fund balance for this expenditure.
Staff Recommendation
Approve the resolution.
Drafter
Brandon Wade
City Manager