1987-1101810L
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 Cxty 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
authorizes the 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
~mmedlately upon its passage and approval
PASSED AND APPROVED this the/~day of , 1987
ATTEST
JE~i[ER WA~TBRS~ CITY SECRETARY
CI~f)F DEI~FON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
CITY OF DENTON, TEXAS
1810L
THE STATE OF TEXAS § AGREEMENT BETWEhN CITY OF DENTON,
TEXAS AND DENTON COUNTY ELECTRIC
COUNTY OF DENTON § COOPERATIVh, INC FOR THE PURCHASE
Agreement made thls/~g'~day of 0~.~, 1987, between
the City of Denton, Texas, a munlclpa~ corporation, ("Buyer"),
and Denton County hlectrxc CooperatlYe, 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 here~n,
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
S~x 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, t~tle 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 ~nstalled in the C~ty
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 r~ght-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 sa~d 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 th~s/G~day o£ ~ ~ , 1987
CITY OF DENTON, TEXAS
ATTEST
JEI~FER/~AL~rERS, CITY SECRETARY
CI~OF I~ENTON, TEXAS
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
CITY OF DENTON, TEXAS
DENTON COUNTY ELECTRIC COOPERATIVE,
INC
ATTEST
SECRETARY
PAGE TWO
EXHIBIT "A"
COST B~
Unit_s ~otal
67 35-6 12,256 31
68 A-I 1,299 78
I A-2 1,333 88
2 A-3 115 03
3 A-4 336 00
3 A-5 173 91
4 A6-1 363 12
9 30-4 1,258 29
4 M26-5 360 16
Idle 2 105-5 141 18
13 K-X4 186 03
4 J-8 41 24
3 MS-10A 89 88
4 K-10 44 16
14 El-/ 664 30
14 Fl-2 585 76
I E2-2 76 26
#6 DP 39 75
#2 TPX 33 64
#4 TPX 142 01
8A CWC 1,000 00
Sub Total 20,539 68
20% Engr and OH 4,107 ?7
24,647 45
Round to 24,600 00
EXHIBIT "B"