HomeMy WebLinkAbout26-1332ORDINANCE NO. 2796
AN ORDINANCE OF THE CITY OF BRYAN, TEXAS, ADOPTED CONCURRENTLY
WITH THE CITIES OF DENTON, GARLAND, AND GREENVILLE APPROVING THE
PURCHASE AND EXCHANGE OF CERTAIN TRANSMISSION ASSETS BY THE
TEXAS MUNICIPAL POWER AGENCY (“AGENCY”); FINDING AND DETERMINING
THAT THE MEETING AT WHICH THIS ORDINANCE IS PASSED IS OPEN TO THE
PUBLIC AS REQUIRED BY LAW; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on July 18, 1975, the cities of Bryan, Denton, Garland, and Greenville (each,
a “Member City” and collectively, the “Member Cities”) created the Agency;
WHEREAS, effective September 1, 2016, the Member Cities and the Agency entered into
a Joint Operating Agreement (as amended, the “JOA”);
WHEREAS, the Agency is negotiating an agreement with Oncor Electric Delivery
Company LLC for the purchase and exchange of certain transmission assets in Denton County,
Texas (the “Jointly Owned Facility Exchange Transaction”), all as described in the Agency’s
Resolution No. 2026-6-2, attached hereto as Exhibit “A” (the “Agency Resolution”);
WHEREAS, the JOA requires that the sale by the Agency of transmission assets having
an aggregate net book value in excess of $500,000 must be approved by the Member Cities;
WHEREAS, the JOA also requires that an Agency contract involving an expenditure in
excess of $10 million by the Agency must be approved by the adoption of concurrent ordinances
by the Member Cities;
WHEREAS, since the transmission assets being conveyed by the Agency under the Jointly
Owned Facility Exchange Transaction have an aggregate net book value in excess of $500,000,
and since such Transaction would involve the expenditure by the Agency of assets and cash in
excess of $10 million, the Agency has requested that the Member Cities approve this transaction
through the adoption of concurrent ordinances;
WHEREAS, the City Council of the City of Bryan deems it advisable to approve the
Jointly Owned Facility Exchange Transaction;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF BRYAN, TEXAS:
Section 1
That the City of Bryan approves the Jointly Owned Facility Exchange Transaction as
described in the Agency Resolution.
Page 1 of 2 Ordinance 2796
adopted July 14, 2026
Section 2
That the meeting at which this ordinance was passed was open to the public, as required
by Section 551.001 et seq., Texas Government Code, and that advance public notice of the time,
place and purpose of said meeting was given.
Section 3
That this Ordinance shall become effective (i) upon adoption of this Ordinance by all
Member Cities (ii) on the date it is adopted by the last Member City to adopt this Ordinance.
PASSED AND APPROVED this the 14th day of July, 2026, at a regular meeting of the
City Council of the City of Bryan, Texas, by a vote of 7 yeses and 0 noes.
ATTEST: CITY OF BRYAN:
________________________________ ______________________________
Melissa Brunner, City Secretary Bobby Gutierrez, Mayor
APPROVED AS TO FORM:
________________________________
Thomas A. Leeper, City Attorney
Page 2 of 2 Ordinance 2796
adopted July 14, 2026
Page 1
RESOLUTION NO. 10679
A RESOLUTION APPROVING THE PURCHASE AND EXCHANGE OF CERTAIN
TRANSMISSION ASSETS BY THE TEXAS MUNICIPAL POWER AGENCY (“AGENCY”)
UPON THE CONCURRENT APPROVAL OF THE CITIES OF BRYAN, DENTON, AND
GREENVILLE; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on July 18, 1975, the cities of Bryan, Denton, Garland,
and Greenville (each, a “Member City” and collectively, the “Member
Cities”) created the Texas Municipal Power Agency (“Agency”);
WHEREAS, effective September 1, 2016, the Member Cities and the
Agency entered into a Joint Operating Agreement (as amended, the
“JOA”);
WHEREAS, the Agency is negotiating an agreement with Oncor Electric
Delivery Company LLC for the purchase and exchange of certain
transmission assets in Denton County, Texas (the “Jointly Owned
Facility Exchange Transaction”), all as described in the Agency’s
Resolution No. 2026-6-2, attached hereto as Exhibit “A” (the
“Agency Resolution”);
WHEREAS, the JOA requires that the sale by the Agency of
transmission assets having an aggregate net book value in excess
of Five Hundred Thousand Dollars ($500,000.00) must be approved by
the Member Cities;
WHEREAS, the JOA also requires that an Agency contract involving
an expenditure in excess of $10 million dollars by the Agency must
be approved by the adoption of concurrent resolutions of the Member
Cities;
WHEREAS, since the transmission assets being conveyed by the Agency
under the Jointly Owned Facility Exchange Transaction have an
aggregate net book value in excess of Five Hundred Thousand Dollars
($500,000.00), and since such Transaction would involve the
expenditure by the Agency of assets and cash in excess of $10
million dollars, the Agency has requested that the Member Cities
approve this transaction through the adoption of concurrent
resolutions;
WHEREAS, the City Council of the City of Garland deems it advisable
to approve the Jointly Owned Facility Exchange Transaction;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GARLAND, TEXAS:
Page 2
Section 1
That, subject to the concurrent approval of the cities of Bryan,
Denton, and Greenville, the City of Garland approves the Jointly
Owned Facility Exchange Transaction as described in the Agency
Resolution.
Section 2
That, if all Member Cities approve the Jointly Owned Facility
Exchange Transaction, this Resolution shall become effective on
the date the last Member City approves the Jointly Owned Facility
Exchange Transaction.
PASSED AND APPROVED this the 21st day of July, 2026.
CITY OF GARLAND, TEXAS
__________________________
Mayor
ATTEST:
______________________
City Secretary