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HomeMy WebLinkAboutResolution - 2101 - Memo Agreement - TPW - Drilling, Parks - 08/08/1985MH:js RESOLUTION Resolution #2101 August 8, 1985 Agenda Item #23 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Memorandum Agreement between the Texas Parks and Wildlife Department and the City of Lubbock dealing with the allocation of funds from oil, gas and mineral leases on property assisted by Project Numbers 48-00022 and 48-00755, attached herewith, which shall be spread upon the minutes of the Council and as spread upon the minutes of this Council shall constitute and be a part of this Resolution as if fully copied herein in detail, and any subsequent Memorandum between the same parties and covering the same subject as above-mentioned. Passed by the City Council this 8th ATTEST: Ranefte Boyd, City Secretary APPRO AS TO CONTENT: �7i Weston, Director of Community cilities APPROVED AS TO FORM: Mic ele Hart, Assistant City Attorney Resolution #2101 MEMORANDUM OF AGREEMENT BETWEEN THE TEXAS PARKS AND WILDLIFE DEPARTMENT AND THE CITY OF LUBBOCK The purpose of this agreement is to legally and properly allocate funds derived from oil, gas and minerals rentals and leases and royalty incomes from property which belongs to the City of Lubbock and which property was assisted by the Land and Water Conservation Fund under Project Number 48-00022, and Project Number 48-00755. It is hereby agreed that the income derived from this property shall be utilized in accordance with this agreement in the following manner. It is further understood that the income will be divided into two categories, these categories being income dreived from rentals and leases, and the other being income from royalty payments. Income derived from rentals and leases shall be placed in a separate account and shall be used for outdoor recreation capital outlay improvements and/or acquisition of additional parkland for the Lubbock Parks and Recreation System. Disposition of income from royalty payments (production of oil and gas minerals from the site) will also be placed in' the separate account and may be used for capital outlay improvement projects and/or the acquisition of additional parkland for the City of Lubbock Parks and Recreation System. It is further understood that within one year of the date this Memorandum is executed the City of Lubbock shall provide to Texas Parks and Wildlife Department and the National Park Service a plan for outdoor recreational development of land acquired through Project Number 48-00022. Income derived as a result of this Memorandum may be used for this development. It will be the responsibility of the City of Lubbock to provide the Texas Parks and Wildlife Department with a yearly financial report on the funds covered by this agreement. This agreement is subject to the approval of the National Park Service or the appropriate agency of the Department of the Interior. This agreement may be amended or changed at any time with the concurrence of both parties and the approval of the National Park Service or the appropriate agency of the Department of the Interior. This agreement supercedes any previous agreement involving the referenced projects. Alan H my Mayor City of Lubbock August 8, 1985 Date Edwin L. Shellenberger National Park Service Southwest Region Da to Charles D. Travis State Liaison Officer Texas Parks and Wildlife Department Date AT T: Rane a Boyd, City Secretary AP OV AST CO TENT m Weston, Director of Community Facilities APPROVED AS TO FORM: Miqfiele Hart, A sistant City Attorney Page 2 of 2 Pages