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1979-006 AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, ESTABLISHING A POLICY WITH RESPECT TO CALLING AN ELECTION WHERE THE CITY HAS THE RIGHT TO APPROVE OR DISAPPROVE A GENERATING PROJECT PROPOSED TO BE UNDERTAKEN BY THE TEXAS MUNICIPAL POWER AGENCY, AND PROVIDING AN EFFECTIVE DATE WHEREAS, the Cmty of Denton, Texas, has heretofore executed a Power Sales Contract with the Texas Munmc~pal Power Agency (said contract being dated September 1, 1976) whmch ms mdentmcal mn mrs terms with contracts executed between the Agency and the Cmtmes of Bryan, Garland and Greenvmlle, Texas, and WHEREAS, the said Power Sales Contract provmdes, mn part, that before the Agency may mssue bonds to provmde for the construction eor acquismtmon of any power generatmng facmlmty (or mnterest there- mn) and transmissmon facility requmred to connect or interconnect such generating facmlmty with a cmty or others (all of whmch is hereafter referred to as a "Generating Project"), the same must be approved (in manner provmded in Sectmon 13 of the samd Power Sales Contract) by the Cmty of Denton, and WHEREAS, mt appears that the Texas Munmcmpal Power Agency may hereafter seek the approval of an addmtmonal Generatmng Project and thms governmng body desmres to establmsh a polmcy for the future approval thereof by thms Cmty, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS SECTION I (1) In the event the Texas Munmcipal Power Agency hereafter requests that the Cmty of Denton approve a Generatmng Project, then the City Council of the City of De~ton, Texas, shall call and order that an election be held wlthzn the Czty of Denton on the proposi- tion of whether such Generating Pro3ect shall be approved If a majority of the particlpatzng qualzfled electors vote in favor of such Generating Project, then the Czty Council of the Czty of Denton shall be authorized to approve the same (2) That the City of Denton has previously approved the Texas Munzcipal Power Agency electrzc generatzng pro3ect known as "Bryan Lignite Number One" and the project that permits Texas Municipal Power Agency to partzczpate in the ownership and operation of the "Comanche Peak Nuclear Steam Electric Generating Project", the approval of those pro3ects is hereby reaffzrmed (3) The provislons of paragraph 1 of this Section shall not be applicable to approval of System Development and Relzabzlzty Expenditures, to Developmental Projects (as those terms are defzned zn the said Power Sales Contract), nor to those projects described in paragraph (2) of th~s Section SECTION II That th~s ordinance shall become effective fourteen days from the date of ~t$ passage, and the City Secretary is hereby d~rected to cause the caption of this ordInance to be published twice in the Denton Record-Chronicle, the official newspaper of the C~ty of Denton, Texas, within ten (10) days___.of the date~ .~f its passage PASSED AND APPROVED this the~~ day of ~~, A D 1979 -2- ATTEST ~ ~SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM CITY OF DENTON, TEXAS -3-