HomeMy WebLinkAbout01-1097 04-24-2001RESOLUTION NO. 01-1097
A RESOLUTION APPROVING THE ARTICLES OF INCORPORATION
AND BYLAWS OF CITIES AGGREGATION POWER PROJECT, INC., A
POLITICAL SUBDIVISION CORPORATION; ACCEPTING
MEMBERSHIP IN SAID CORPORATION; APPOINTING A
REPRESENTATIVE TO SERVE ON BEHALF OF THE CITY OF
EULESS; APPROVING PAYMENT OF AN INITIAL MEMBERSHIP FEE;
AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, Chapter 303 of the Texas Local Government Code, entitled Energy
Aggregation Measures for Local Govemments, 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
WHEREAS, Cities Aggregation Power Project, Inc. is a political subdivision
corporation organized under said Chapter; and
WHEREAS, the negotiation for electricity by the corporation should result in
lower electricity costs to the City of Euless; and
WHEREAS, 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;
WHEREAS, the TXU Cities Steering Committee has facilitated the creation of
Cities Aggregation Power Project, Inc.; and
WHEREAS, the City of Euless seeks to become a Member of Cities Aggregation
Power Project, Inc.; and
WHEREAS, the By -Laws of Cities Aggregation Power Project, Inc. require an
initial membership fee of 'A of 1% of the total annual electric bill of 2000. Such fee shall
not exceed $14,000.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EULESS:
Section 1. 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.
Section 2. 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.
Section 3. The City of Euless accepts Membership in Cities Aggregation Power
Project, Inc.
Section 4. The City of Euless approves payment of an initial fee assessment
equivalent to '/ of 1% of the total annual electric bill of the City of Euless in the year
2000. Such fee shall not exceed $14,000.
Section 5. The City of Euless hereby appoints the City Manager or his designee
to serve as the City of Euless representative to the corporation and to act on behalf of
the City of Euless.
Section 6. All Resolutions and parts thereof in conflict herewith are hereby
expressly repealed insofar as they conflict herewith.
Section 7. This Resolution shall take effect immediately from and after its
adoption and it is accordingly so resolved.
PRESENTED AND APPROVED on the 24th day of April, 2001, by a vote of ,C ayes,
() nays, and 0 abstentions at a regular meeting of the City Council of the City
of Euless, Texas.
APPROVED:
i 2 ' y Lib Saleh
Mayor
ATTEST:
xzge.
Susan Crim, C. C
City Secretary