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Council moves to proceed with seismic survey agreement after assurances, contingent on legal review
Summary
After extensive resident questions about infrastructure risk, the council voted to move forward with a proposed 3D seismic acquisition agreement (TGS/Cougarland) provided staff and legal counsel expand homeowner coverage and finalize contract language; the amended offer included roughly $35,000 in compensation and a proposed $1.5 million, five-year bond.
Roosevelt — The City Council voted Dec. 2 to direct staff to pursue a revised seismic acquisition agreement with TGS/Cougarland, contingent on legal review and expanded insurance and bond provisions to protect private property.
Grant summarized a revised offer from Cougarland that would pay Roosevelt about $34,998.52 and proposed raising the performance bond to $1.5 million for five years. Council and residents expressed concern about potential damage to private utilities and water lines; one resident said repeated water-line breaks on his…
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