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Weatherford staff seek 30‑year extension to raw water contract with Tarrant Regional Water District
Summary
City staff told the municipal utility board they are negotiating a 30‑year extension of Weatherford’s raw water contract with Tarrant Regional Water District to address bond‑rating concerns and preserve the city’s wholesale water capacity; the board discussed new minimum‑take language and liability protections.
Rick Schafer, the city’s water utilities representative, told the Weatherford Municipal Utility Board that staff are negotiating a 30‑year extension to the city’s additional‑party contract with Tarrant Regional Water District to address concerns raised by bond‑rating agencies and to preserve Weatherford’s existing wholesale supply rights. "During our annual bond‑rating meetings, the bond rating agencies… had brought this up as a potential concern," Schafer said, explaining that extending the contract would push its expiration 30 years from the month it is signed.
Schafer reviewed the three core agreements that…
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