Loading...
HomeMy WebLinkAbout2007-115J ORDINANCE NO. AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE EXPENDITURE OF FUNDS FOR PAYMENTS BY THE CITY OF DENTON FOR ELECTRICAL ENERGY TRANSMISSION FEES TO FIVE AGENCIES PROVIDING ENERGY TRANSMISSION SERVICES TO THE CITY OF DENTON; AND PROVIDING AN EFFECTIVE DATE (FILE 3790-2007 ELECTRICAL ENERGY TRANSMISSION FEES IN THE TOTAL AMOUNT OF $255,904). WHEREAS, in order to comply with the legislative requirements contained in the 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 five listed utilities set forth in Exhibit "A'; and WHEREAS, the City Manager has reviewed and recommended that the City Council approve and authorize the payment of such fees; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTIONI. The expenditure of funds in the amount of $255,904 to be paid to the Listed Utilities in the specified amount shown on Exhibit "A", which is attached hereto and made a part of this ordinance for all purposes, is hereby authorized. SECTION 2. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the day of 2007. PERRY R. McNEILL, MAYOR ATTEST: JENNIFER WALTERI CITY SECRETARY B �� APPR VED +AS TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY r BY: 3-0H � 3790 EXHIBIT "A" American Electric Power Brazos Electric Power Cooperative, Inc Lower Colorado River Authority South Texas & Medina Electric Coop. Texas Municipal Power Agency TOTAL $24,992.50 $17,571.25 $174,831.00 $12,679.25 $25,830.00 $255,904.00