HomeMy WebLinkAboutCity Council Resolutions (R-01-1792)-05/01/2001
RESOLUTION R-01-1792
RESOLUTION APPROVING THE ARTICLES OF INCORPORATION AND BYLAWS
F CITIES AGGREGATION POWER PROJECT, INC., A POLITICAL SUBDIVISION
ORPORATION; ACCEPTING MEMBERSHIP IN SAID CORPORATION;
PPOINTING A REPRESENTATIVE TO SERVE ON BEHALF OF THE CITY OF
OLLEYVILLE; APPROVING PAYMENT OF AN INITIAL MEMBERSHIP FEE; AND
ST ABLlSHING AN EFFECTIVE DATE.
HEREAS, Chapter 303 of the Texas Local Government Code, entitled Energy
Aggregation Measures for Local Governments, allows political
subdivisions to form a political subdivision corporation to act as an agent
to negotiate the purchase of electricity, or to likewise aid or act on behalf
of the political subdivisions for which the corporation is created, with
respect to their own electricity use for their respective public facilities; and
HEREAS, Cities Aggregation Power Project, Inc., is a political subdivision
corporation organized under said Chapter; and
HEREAS, the negotiation for electricity by the corporation should result in lower
electricity costs to the City of Colleyville; and
HEREAS,
the TXU Cities Steering Committee has participated in numerous rate
proceedings and rule-makings over the course of the last decade and
having investigated the impacts of electric deregulation, recommends
participation of cities in aggregation projects and creation of a political
subdivision corporation to maximize opportunities for cost savings; and
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\~'HEREAS, the TXU Cities Steering Committee has facilitated the creation of Cities
T Aggregation Power Project, Inc.,; and
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'1'HEREAS, the City of Colleyville seeks to become a Member of Cities Aggregation
I Power Project, Inc.,; and
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*HEREAS,
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OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OLLEYVILLE, TEXAS:
the Bylaws of Cities Aggregation Power Project, Inc., requires an initial
membership fee of ~ of 1 % of the total annual electric bill of the year
2000. Such fee shall not exceed $14,000.
THAT the recitals contained in the preamble of this Resolution are
determined to be true and correct and are hereby adopted as a part of this
Resolution.
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Resolution R-O 1-1792
Page 2 of 2
THAT the Articles of Incorporation and Bylaws of Cities Aggregation
Power Project, Inc., a political subdivision corporation, attached hereto
and incorporated herein for all purposes as Exhibits A and B respectively,
are hereby approved.
THAT the City of Colleyville, Texas, accepts Membership in Cities
Aggregation Power Project, Inc.
THAT the City of Colleyville approves payment of an initial fee
assessment equivalent to 'Y2 of 1 % of the total annual electric bill of the
City of Colleyville in the year 2000. Such fee shall not exceed $14,000.
THAT the City of Colleyville hereby appoints the City Manager's
authorized designee to serve as the City's representative to the
corporation and to act on the City's behalf.
THAT all Resolutions and parts thereof in conflict herewith are hereby
expressly repealed insofar as they conflict herewith.
THAT this Resolution shall take effect immediately from and after its
adoption and it is accordingly so resolved.
AS IT IS SO RESOLVED.
Passed by a vote of S ayes, () nays, and 0 abstentions on this the
I Sf day of /Yl ~ ,2001.
ATTEST:
CITY OF COLLEYVILLE:
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Cynthia Singleton, TRMC
City Secretary
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Mayor