23-2419ORDINANCE NO. 23-2419
AN ORDINANCE OF THE CITY OF DENTON, A TEXAS HOME-RULE MUNICIPAL
CORPORATION, TEMPORARILY WAIVING REQUIREMENTS TO PURCHASE
WINTER OUTAGE INSURANCE FOR THE DENTON ENERGY CENTER UNDER THE
2023 DENTON MUNICIPAL ELECTRIC ENERGY RISK MANAGEMENT POLICY;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton (“City”), a Texas home-rule municipal corporation
governed by the constitution and laws of the State of Texas, operates a municipally-owned
electric utility; and
WHEREAS, on October 17, 2023, the City Council passed Ordinance No. 23-1691
which repealed the 2022 Denton Municipal Electric - Energy Risk Management Policy and
approved the 2023 Denton Municipal Electric - Energy Risk Management Policy (“2023
ERMP”); and
WHEREAS, the Council has further determined and finds that waiving the requirement
to purchase winter outage insurance in the 2023 ERMP are in the best interest of its citizens and
ratepayers;
NOW THERFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY
ORDAINS :
SECTION 1. The finding and recitations contained in the preamble of this ordinance
are incorporated herein by reference and are made a part of this ordinance.
SECTION 2. The City Council hereby waives any requirement to purchase winter
outage insurance for the Denton Energy Center under the 2023 ERMP. All other provisions
of the 2023 ERMP remain unchanged unless specifically referred to herein.
SECTION 3. All subsequent actions taken by the Mayor, or their designee; the City
Manager, or their designee; the City Attorney, or their designee; or the City Secretary, or their
designee in furtherance of any future transactions that are authorized by this waiver are
approved and authorized in all respects as of the dates and times that such actions are taken.
SECTION 4. The expenditure of funds as provided for in this ordinance is hereby
authorized.
SECTION 5. This ordinance shall become effective immediately upon its passage and
approval.
The motion t, ,pp„,,, thi, „di„,„„ w„ m,d, by Ctr „ J k „ J Jr'Jk and
seconded by Joe k:no- J . Thi, „din,„„ id n
following vote [ 6 - 6 ]:
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck. District 2:
Paul Meltzer. District 3 :
Joe Holland. District 4:
Brandon Chase McGee, At Large Place 5 :
Chris Watts, At Large Place 6:
Aye-J
&
IZ
Nay Abstain Absent
-7-
PASSED AND APPROVED this the tt day of Dec ,_.be/. 2023
GERARD HUDSPETH, MAYOR
ATTEST:
JESUS SW S ARY
B
A%ROVED AS TO LEGAL FORM
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MACK REINWAND. CITY ATTORNEY
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Date: 2023.12.08 09:29:18 -06’00'