My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
R2012-158 AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
COD
>
City Clerk
>
RESOLUTIONS
>
2012
>
R2012-158 AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/20/2015 1:10:32 PM
Creation date
8/20/2015 1:10:26 PM
Metadata
Fields
Template:
Resolution/Ordinance
Res Ord Num
R2012-158
Res Ord Title
AUTHORIZING AGREEMENTS WITH ARCHER DANIELS MIDLAND COMPANY
Approved Date
8/20/2012
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(2) There is no litigation pending or threatened which affects <br /> the title of the City to any of its assets subj ect to the Agreement or <br /> the ability to transfer same to ADM. <br /> (i) . An Environmental Disclosure Document in the form of Exhibit F hereto <br /> updated through the Closing Date. <br /> 20. Manpower. ADM agrees to offer employment to as many of the City's water production <br /> personnel displaced by this Agreement as is practicable for,ADM's intended operation of the North Plant.As <br /> to the remaining such City personnel prior to Closing,ADM agrees to pay the reasonable cost of retraining <br /> and out-placement. <br /> 21. Joint Chemical Purchases.To the extent practicable,the parties agree to jointly purchase <br /> equipment and supplies,including chemicals,for the North Plant and the City's South Plant respectively, <br /> where such,j oint purchases may result in cost savings. <br /> 22. -outstanding Public Financing.The Closing under this Agreement is.subject to.the prior <br /> consent of the indenturetrustees National Bank ofDecatur and Texas CommerceBank,National Association, <br /> or their successors,and of the letter of credit banks,including Sumitomo Bank,Limited,or the prior <br /> substitution of the bank letter of credit or other arrangement satisfactory to the City,respecting the <br /> outstanding bonds of the City in connection with its water systems,so that this Agreement and the Closing <br /> will not have any adverse impact upon the tax-exempt status of thebonds, or prejudice.compliance with any <br /> covenant under the bonds.or the bond ordinance,or adversely impact the ratings of the bonds.ADM agrees to <br /> -cooperate with the City in satisfactorily resolving this contingency. <br /> 23. Raw Water Supply.As a condition of Closing,ADM and the City shall execute at the <br /> Closing the Raw Water Supply Agreement attached hereto as Exhibit G and made apart hereof. <br /> 24. Additional leets and Documents.If at anytime after the ClosingDate it shall appear that <br /> additional acts or bills of sale,deeds, assignments or other papers are reasonably necessary to complete or <br /> perfect the transfer of any part of the property to be conveyed to ADM,the City agrees to take such action <br />
The URL can be used to link to this page
Your browser does not support the video tag.