HomeMy WebLinkAboutCity Council Resolutions (R-06-2690)-04/18/2006
RESOLUTION R-06-2690
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS AUTHORIZING THE CITY MANAGER TO SUPPORT AND PROCEED
WITH CITIES AGGREGATION POWER PROJECT'S (CAPP) EFFORTS TO
CONTRACT FOR LONG TERM CAPACITY WITH THE OWNER OF
GENERATION TO SUPPLY THE ELECTRIC POWER NEEDS OF CAPP
MEMBERS
WHEREAS, the City of Colleyville ("City") is a member of Cities Aggregation Power
Project, Inc. ("CAPP"); and
WHEREAS, CAPP desires to enter a capacity contract for a long term supply of power
to meet the City's base load electric needs (approximately 55% of the
City's total electric energy needs) for a fixed price that should provide
considerable economic benefit and greater price stability in comparison to
traditional energy contracts; and
WHEREAS, the Colleyville City Council deems the passage of this Resolution to be in
the best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the efforts of the CAPP Board to secure capacity generated by
resources other than natural gas for the City of Colleyville's base load
electric capacity needs for a fixed price for a period not to exceed ten
years are hereby ratified.
Sec. 2.
THAT the City authorizes the City Manager to support and proceed with
CAPP's efforts to contract for long term capacity with the owner of
generation to supply the electric power needs of CAPP members,
pursuant to terms, conditions, and limitations consistent with the current
CAPP proposal.
AND IT IS SO RESOLVED.
PASSED BY A VOTE OF 7' AYES, 0 NAYS AND
ONTHISTHE/P~ DAYOF ~ 2006.
o ABSTENTIONS
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CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
;b~
David KellY"
Mayor