AI- 23016
18.A.4.
CC REGULAR
- Meeting Date:
- 09/21/2010
- Submitted For:
- Marty Salazar
- Submitted By:
- Gricelda Villarreal, PURCHASING DEPT.
- Department:
- PURCHASING DEPT.
Information
CAPTION
a. Acceptance and action asto the sole bid/nomination received (from Dewbre Petroleum Corporation) to the RFB-"Nomination of Intention to Lease Land for Mineral Development" for the project/property decribed as:
Tract I: “That portion of Lots Three (3) and Four (4), Ebony Grove and River Side Subdivisions, Hidalgo County, Texas the map and plat of which is of record in Volume 1, Page 59, Map Records, Hidalgo County, Texas and being more particularly described by metes and bounds.”
b. Requesting approval to execute "Paid-up Oil, Gas and Mineral Lease" document from Dewbre Petroleum Corporation for the property described herein with a term of three years including acceptance of nomination amount of $5,000.00.
BACKGROUND
Fiscal Impact
- FISCAL YEAR:
- ACCT. #:
- FUNDS AVAILABLE Y/N?:
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Contract is for lease of land to Debrew Pretroleum Corp.; lots (3) & (4) Ebony Grove and River Side subdivisions.County has "potential to receive 5,000.00 per month in royalties" from production of oil.
Fiscal impact is in the form of revenue.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing / Internal | msalazar | 09/16/2010 11:23 AM |
| Budget and Management | Sylvia Solis | 09/16/2010 01:10 PM |
| Auditor's Office | 09/17/2010 04:52 PM |
- Form Started By:
- gvillarreal
- Started On:
- 09/16/2010 10:34 AM
- Final Approval Date:
- 09/17/2010