HomeMy WebLinkAbout1987-1101810L
NO 8��
AN ORDINANCE APPROVING AN AGREEMENT BETWEEN THE CITY OF DENTON
AND DENTON COUNTY ELECTRIC COOPERATIVE, INC FOR THE PURCHASE OF
ELECTRICAL EQUIPMENT AND FACILITIES, AND PROVIDING FOR AN
EFFECTIVE DATE
WHEREAS, it is in the best interest of the City of Denton to
purchase the electrical equipment and facilities described here-
in, and
WHEREAS, Section 2 36(f) of the Code of Ordinances requires
that the City Council approve all expenditures of more than
$10,000, and Section 2 09 of the Charter of the City of Denton,
Texas requires that every act of the Council providing for the
expenditure of funds or for the contracting for indebtedness
shall be by ordinance, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the City Council hereby approves and
author iz— a ___tFe Mayor and City Secretary to execute and attest,
respectively, the agreement between the City of Denton and Denton
County Electric Cooperative, Inc for the purchase of electrical
equipment and facilities under the terms and conditions contained
in the agreement attached hereto
SECTION II That this ordinance shall become effective
immediately upon its passage and approval
PASSED AND APPROVED this the ZZeday of 1987
RAY STE ENS, fAYOR
CITY DENTON, TEXAS
ATTEST
JEWIPER W TERS, (;III SECRET RY
CI Y F DE ON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
CITY OF DENTON, TEXAS
BY Q "r\l\r r-�
1810L
THE STATE OF TEXAS S
COUNTY OF DENTON §
AGREEMENT BETWEEN CITY OF DENTON,
TEXAS AND DENTON COUNTY ELECTRIC
COOPERATIVE, INC FOR THE PURCHASE
AND SALE OF ELECTRICAL FACILITIES
Agreement made this/&/_ day of 1987, between
the City of Denton, Texas, a municipa corporation, ("Buyer"),
and Denton County Electric Cooperate e, Inc , a corporation
organized and operating pursuant to the Texas Electric
Cooperative Corporation Act (Article 1528b), ("Seller")
WHEREAS, Seller presently owns, maintains, and operates
electrical equipment and facilities within the City of Denton,
Texas, to service and supply customers with electrical service,
and
WHEREAS, Buyer wishes to purchase the electrical equipment
and facilities of Seller described herein,
NOW, THEREFORE, in consideration of the mutual consideration
and covenants contained herein, the parties agree as follows
1 In consideration of the sum of Twenty-four Thousand and
Six Hundred Dollars ($24,600 00) paid to Seller by Buyer, receipt
of which is hereby acknowledged, Seller does hereby sell, assign
and transfer to Buyer all its right, title and interest in the
poles, lines, wires, fixtures, and electric facilities listed in
Exhibit "A" attached hereto and incorporated herein by reference,
said electric facilities being located and installed in the City
of Denton, Denton County, Texas, extending south from Highway 77
along Bonnie Brae Street to University Drive, as shown in Exhibit
"B", attached hereto and incorporated herein by reference
2 Seller hereby sells, assigns and transfers to Buyer all
its right, interest and title to the right-of-way easements
wherein the above -described electric facilities are located and
shall hereafter, upon the request of Buyer, execute any necessary
assignments, deeds, or documents necessary to convey its interest
in said right-of-way easements to Buyer Buyer shall be
responsible for the cost of surveys and preparation of documents
and recording thereof necessary to effect such conveyance,
transfer, or assignment
3 Seller covenants that it is the lawful owner of the
electric facilities herein conveyed, that they are free and clear
of all encumbrances of any kind, that it has the lawful right and
authority to sell and dispose of the same, and that it will
warrant and defend title thereto against any claims whatsoever
EXECUTED this A(e day of L 1 1987
CITY OF DENTON, TEXAS
BY
RAY S ENS, MAYOR
ATTEST
JE AL E S, CITY SECRETARY
CI Y OF NTON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
CITY OF DENTON, TEXAS
BY
ATTEST
DENTON COUNTY ELECTRIC COOPERATIVE,
INC
PAGE TWO
EXHIBIT "A"
COST BREAKDOWN
Units Total
67
35-6
12,256
31
58
A-1
1,299
78
1
A-2
1,332
88
2
A-3
115
02
3
A-4
336
00
3
A-5
173
91
4
A5-1
363
12
9
30-4
1,258
29
4
M26-5
360
16
Idle 2
105-5
141
18
13
K-14
186
03
4
J-8
41
24
3
M8-10A
89
88
4
K-10
44
16
14
El-2
664
30
14
F1-2
585
76
1
E2-2
76
26
#6
DP
39
75
#2
TPX
33
64
#4
TPX
142
01
8A
CWC
11000
00
Sub Total
20,539
68
20% Engr and OH
4,107
77
24,647
45
Round to
24,600
00
EXHIBIT "B"
a
C
M
W
E
6
8
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r ao
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