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1983-123 NO AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, "CITY" RELATING TO THE TERMINATION OF THE EXISTING GAS FUEL CONTRACTS UNDER THE TERMS OF WHICH THE CITY PURCHASES GAS FOR ITS GENERATING PLANTS AND AUTHORIZING EXECUTION OF A NEW GAS FUEL CONTRACT AND A GAS TRANSFER AGREEMENT AND DECLARING AN EMERGENCY WHEREAS, the City purchases gas to fuel 1ts generating plants from Lone Star Gas Company ("Lone Star") under a contract dated November 7, 1977, and amendments thereto, and WHEREAS, in order to secure a longer term and more flexible gas supply contract it ls in the best 1nterest of the City to terminate its existing contract with Lone Star Gas Company and to enter a new gas purchaee agreement with Lone Star Gas Company, NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS SECTION I That all of the recitals and preambles herelnabove stated are found to be true and correct SECTION II That the attached agreement between the City of Denton and Lone Star Gas Company styled "Gas Sales Contract" be and is hereby approved and the Mayor of the City of Denton be and is hereby authorized to execute multiple original cop~es of sa~d agreement in substantially the attached form and deliver the same to the parties thereto, for, on behalf of and in the name of the City, as the act and deed of the C~ty and ~ts governing body SECTION III That it is officially found and determined that this meeting of the Cxty Council ~s open to the publ1¢ as required by law and the public notice of the time, place and purpose of said meeting was given as required by law PAGE 1 SECTION IV That the public importance of this measure and the fact that it is to the best interest of the City to approve the afore- mentioned agreements and the execution thereof at the earliest possible time in order to secure a longer term and more flexible supply of gas, constitutes and creates an emergency and urgent public necessity requiring that this ordinance take effect and be in full force from and after 1ts passage, and it is so ordained PASSED MD APPROVED by the City Council of the City of Denton, Texas, this the &~__~ay of ~, 1983 I ~D 0 STEWA~, MAYO~/ ATTEST CHARLOTTE-ALLEN, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C J TAYLOR, JR , CITY ATTORNEY CITY OF DENTON, TEXAS PAGE 2