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HomeMy WebLinkAbout1998-284ORDINANCE NO -�- AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE EXPENDITURE OF FUNDS FOR THE PAYMENTS BY THE CITY OF DENTON FOR ELECTRICAL ENERGY TRANSMISSION FEES TO THOSE LISTED CITIES AND UTILITIES PROVIDING ENERGY TRANSMISSION SERVICES TO THE CITY OF DENTON, AND PROVIDING AN EFFECTIVE DATE (PURCHASE ORDERS # 87876 TO CITY PUBLIC SERVICES OF SAN ANTONIO, # 87877 TO CENTRAL POWER'S LIGHT CO, # 87878 TO TEXAS UTILITIES, ELECTRIC CO, AND # 87879 TO HOUSTON LIGHTING & POWER IN THE TOTAL AMOUNT OF $1,268,822 25) WHEREAS, in order to comply with the legislative requirements contained in the Public Utility Regulatory Act of 1995, for the payment for energy transmissions services fees, the City of Denton is required to pay such fees imposed by the Public Utilities Commission of Texas to the four listed cities and utilities set forth in Exhibit "A" and WHEREAS, the City Manager has reviewed and recommended that the City Council approve an authorize the payment of such fees, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I That the expenditure of funds in the amount of $1,268,822 25 to be paid to the Listed Cities and Utilities in the specified amount shown on Exhibit "A", which is attached to and made a part of this ordinance for all purposes, is hereby authorized SECTION II. That this ordinance shall become effective immediately upon its passage and approval )!/ PASSED AND APPROVED this the day of�998 JACI LER, MAYOR ATTEST JENNIFER WALTE S, CITY SECRETARY B APP VED AS TO LEGAL FORM HERBE,�R,T� L PROUTY, CITY ATTORNEY BY ✓!/' ""\, j 2 FEE ORDMANCE EXHIBIT "A" PO # 87876 — City of Public Service of San Antonio $ 53,811 00 PO # 87877 — Central Power & Light Co PO # 87878 - Texas Utilities Electric Co PO # 87879 - Houston Lighting & Power $126,674 25 $697,397 25 $390,939 75