HomeMy WebLinkAbout25-596RESOLUTION NO. 25-596
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS
APPROVING THE SALE OF CERTAIN TRANSMISSION SYSTEM ASSETS BY THE TEXAS
MUNICIPAL POWER AGENCY (“TMPA”); AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton is party to the Joint Operating Agreement, effective
September 1, 2016, between TMPA and the Member Cities of Bryan, Denton, Garland, and
Greenville, Texas (as amended, the “JO/V’): and
WHEREAS, Section 4.4.1(6) of the JOA requires the approval of the Member Cities to
enable TMPA to sell transmission assets having a net book value, in the aggregate, in excess of
$500,000 in any fiscal year; and
WHEREAS, TMPA owns assets in the City of Bryan’s Dansby and Bryan East Substations
having an aggregate net book value of $3,238,620; and
WHEREAS, in order to avoid operational and maintenance issues resulting from the
comingling of Bryan-owned and TMPA-owned assets in the Dansby and Bryan East Substations, it
is advisable for TMPA to sell to the City of Bryan the TMPA-owned assets, as part of the
transactions described in TMPA Resolution No. 2025-3-4 (the “Resolution”) and in the Asset
Purchase Agreement attached as Exhibit “A“ to the Resolution (the “Transmission Assets Sale”);
NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES :
SECTION 1. The Transmission Assets Sale is approved for purposes of the JOA.
SECTION 2. This resolution shall become effective immediately upon its passage and
approval.
The motion to approve this resolution was made by Jill Jester and seconded by Vicki
Byrd. The resolution was passed and approved by the following vote [ 7 - 0 ] :
Aye Nay Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck. District 2:
Paul Meltzer. District 3 :
Joe Holland. District 4:
Brandon Chase McGee, At Large Place 5 :
Jill Jester, At Large Place 6:
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PASSED AND APPROVED this the 6th day of May, 2025.
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ATTEST:
LAUREN THODEN, CITY SECRETARY 1\\\IIIIfIll
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APPROVED AS TO LEGAL FORM:
MACK REINWAND. CITY ATTORNEY
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