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Granbury City Council approves $57.8 million principal forgiveness agreement for North Water Treatment Plant
Summary
The Granbury City Council adopted Resolution 25-25 authorizing city staff to execute a principal forgiveness agreement with the Texas Water Development Board to accept a $57,800,000 grant toward the North Water Treatment Plant; the motion passed 6-0.
The Granbury City Council voted to adopt Resolution 25-25, authorizing execution of a principal forgiveness agreement with the Texas Water Development Board to accept a $57,800,000 grant for work on the North Water Treatment Plant. The motion passed on a 6-0 voice vote.
City staff presented the item as an administrative step required to secure the award. An unidentified presenter, who was addressed by another speaker as "Kaufman," said the city had "been offered to receive a $57,800,000 grant to go towards our North Water Treatment Plant" and described the resolution as authorizing the city manager and staff to execute Exhibit A, the agreement to request principal forgiveness. The presenter told the council the Water Development Board provided the contract on the previous Friday and that it was added to the meeting packet late.
The resolution was moved by Mister Weatherly (name appears in the transcript; role/title not specified) and seconded by Mister Overdares (name appears in the transcript; role/title not specified). After the motion and second, the presiding officer called for the vote; the council responded "aye" and the presiding officer announced, "That will pass 6 and 0." The action authorizes staff to execute the agreement exhibit as presented.
Following the vote, the same presenter expressed enthusiasm about the grant, saying, "I just want to shout from the rooftop, hallelujah, praise the lord. We just are gonna receive 57,800,000. That's I just can't get over that." Other brief remarks that followed emphasized teamwork in securing the award and encouragement to pursue similar principal forgiveness agreements in the future.
No further procedural steps or implementation dates were specified in the recorded discussion. The formal action on Resolution 25-25 authorizes staff to execute the agreement exhibit; details about the agreement's execution timeline, specific project schedule, or disbursement terms were not specified in the discussion recorded in the transcript.
