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The Wichita Falls City Council is set to review a proposal to transfer the water contract for Lake Kemp from Oklaunion Power Station to Platon Investments LLC, involving the sale of up to 20,000 acre-feet of water. The agreement, which is expected to have no fiscal impact on the city, follows a previous arrangement that generated $1 million annually for the city. Additionally, the council will consider funding for various renovation projects and a sewer upgrade.