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HomeMy WebLinkAbout1979-006NO 749- AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, ESTABLISHING A POLICY WITH RESPECT TO CALLING AN ELECTION WHERE THE CITY HAS THE RIGHT TO APPROVE OR DISAPPROVE A GENERATING PROJECT PROPOSED TO BE UNDERTAKEN BY THE TEXAS MUNICIPAL POWER AGENCY, AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City of Denton, Texas, has heretofore executed a Power Sales Contract with the Texas Municipal Power Agency (said contract being dated September 1, 1976) which is identical in its terms with contracts executed between the Agency and the Cities of Bryan, Garland and Greenville, Texas, and WHEREAS, the said Power Sales Contract provides, in part, that before the Agency may issue bonds to provide for the construction *or acquisition of any power generating facility (or interest there- in) and transmission facility required to connect or interconnect such generating facility with a city or others (all of which it hereafter referred to as a "Generating Project"), the same must be approved (in manner provided in Section 13 of the said Power Sales Contract) by the City of Denton, and WHEREAS, it appears that the Texas Municipal Power Agency may hereafter seek the approval of an additional Generating Project and this governing body desires to establish a policy for the future approval thereof by this City, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS SECTION I (1) In the event the Texas Municipal Power Agency hereafter requests that the City of Denton approve a Generating Project, then the City Council of the City of Denton, Texas, shall call and order that an election be held within the City of Denton on the proposi- tion of whether such Generating Project shall be approved If a majority of the participating qualified electors vote in favor of such Generating Project, then the City Council of the City of Denton shall be authorized to approve the same (2) That the City of Denton has previously approved the Texas Municipal Power Agency electric generating project known as "Bryan Lignite Number One" and the project that permits Texas Municipal Power Agency to participate in the ownership and operation of the "Comanche Peak Nuclear Steam Electric Generating Project", the approval of those projects is hereby reaffirmed (3) The provisions of paragraph 1 of this Section shall not be applicable to approval of System Development and Reliability Expenditures, to Developmental Projects (as those terms are defined in the said Power Sales Contract), nor to those projects described in paragraph (2) of this Section SEPTION II That this ordinance shall become effective fourteen days from the date of its passage, and the City Secretary is hereby directed to cause the caption of this ordinance to be published twice in the Denton Record -Chronicle, the official newspaper of the City of Denton, Texas, within ten (10) days of the date f its passage PASSED AND APPROVED this the/OtL day of A D 1979 -2- ATTEST S HOLT, CITY SECRETARY CITY OF DENTON. TEXAS APPROVED AS TO LEGAL FORM PAUL C I HAM, CITY ATTORNEY CITY OF DENTON, TEXAS Ao J MITCHELL, MAYOR 0TY OF DENTON, TEXAS -3- '1 - to