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2010-261ORDINANCE NO. 2010-261 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 THOSE CITIES AND UTILITIES PROVIDING ENERGY TRANSMISSION SERVICES TO THE CITY OF DENTON; AND PROVIDING AN EFFECTIVE DATE (FILE 4596-2010-11 ELECTRICAL ENERGY TRANSMISSION FEES IN THE TOTAL AMOUNT OF $1,403,633.03). 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 four 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: SECTION 1. The expenditure of funds in the amount of $1,406,633.03 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. approval. This ordinance shall become effective immediately upon its passage and PASSED AND APPROVED this the day of bz-~Y_. '2010. A. ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: APP OVED YTO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY BY: , 1=- ,L , 3-ORD-FILE 4596 MAYOR EXHIBIT "A" American Electric Power $205,569.30 Electric Transmission Texas $200,128.96 Lower Colorado River Authority $885,349.31 Texas Municipal Power Agency $112,585.46 Total $1,403,633.03