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HomeMy WebLinkAbout1998-377ORDINANCE NO 97'1 AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE EXPENDITURE OF FUNDS FOR THE PAYMENT BY THE CITY OF DENTON FOR PLANNED LOSSES ASSOCIATED WITH ELECTRICITY TRANSMISSION TO THOSE UTILITIES PROVIDING ENERGY TRANSMISSION AS SERVICES TO THE CITY OF DENTON, AND PROVIDING AN EFFECTIVE DATE (CHECK REQUEST TO TU ELECTRIC DATED 10-29-98 IN THE AMOUNT OF $77,428 19) WHEREAS, in order to comply with legislative requirements contained in the Public Utility Regulatory Act of 1995, for the payment for energy transmission services fees, the City of Denton is required to pay such fees imposed by the Public Utilities Commission of Texas to the utilities supplying Transmission Services, and WHEREAS, the City Manager has reviewed and recommended that the Council approve 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 $ 77,428 19 to be paid to TU Electric in the specified amount shown on invoices, which are attached to and made a part of this ordinance for all purposes, is hereby authoned SECTION II That this ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED this the 1719 day of—�1998 JA ILLER, MAYOR ATTEST JENNIFER WA��LTE/RS, CITY SECRETARY BY �YI/ ✓0 APPROVED"AS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY BYE% �v CHECK REQUISITION FOR TU ELECTRIC -ORDINANCE M TU ELECTRIC SERVICE DIVISION INVOICE Or Please Remit To Please Wire To Page TU Electric Service Division Chase Bank of Texas Invoice No P 0 Box 910104 ABA 6 113000609 Invoice Date DALLAS, TX 75391-0104 TU Electric Service Division Customer Number Account a 08806169791 Payment Terms Due Date Customer DENTON CITY OF ATTN BILL BUNSELMEYER 901 A TBXAS STREET DENTON, TX 76201 1 im 1998 9LMUW LOBBEs 3 JULY 1998 9LMM= LOSSES SUBTOTALt AMOUNT DUE I ESD0000692 09/24/98 114300 Net 30 10/24/98 $ 56,018 40 Amount Retnitted 23,070 70 32,947 70 , 56,018 40 TOTAL AMOUNT DUE 96,018 40 FORM2 Original No TU ELECTRIC SERVICE DIVISION INVOICE Or Please Remit To Please Wire To - Page I TD Electric Service Division Chase Bank of Texas Invoice No ESD0000826 P 0 Box 910106 ABA 6 113000609 Invoice Date 09/30/98 DALLAS, TX 7S391-0106 TD alectric Service Division Customer Number 114300 Account 6 00606169791 Payment Terms Net 30 Due Date 10/30/98 Customer AMOUNT DUE $ 21,409 79 DENTON CITY OF ATTN BILL BUNSELMEYER 901 A TEXAS STREET DENTON, TX 76201 1 ADGDST 1990 PIAMM wools SUBTOTAL: Amount Remitted 21,609 79 21,609 79 TOTAL AMOUNT DUE 21,409 79 FORM2