Article

The Wichita Falls City Council will review a proposal to transfer the water contract for Lake Kemp from Oklaunion Power Station to Platon Investments LLC. The deal involves the sale of up to 20,000 acre-feet of water, originally intended for a hydrogen plant project that was never realized.

The city previously received $1 million annually plus $1.30 per 1,000 gallons sold. The proposed agreement states there will be no fiscal impact on the city. Lake Kemp water is co-owned by the city and Wichita County Water Improvement District No. 2. Additional council spending includes $895,000 for a renovation study of Wichita Falls, $1.5 million for Hamilton Park renovations, and over $4.35 million for a sewer project.