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2006-335ORDINANCE N00~35 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 THE LOWER COLORADO RIVER AUTHORITY (LCRA) FOR PROVIDING ENERGY TRANSMISSION SERVICES TO THE CITY OF DENTON; AND PROVIDING AN EFFECTIVE DATE (FILE 3638-2006 ELECTRICAL ENERGY TRANSMISSION FEES-LOWER COLORADO RIVER AUTHORITY IN THE TOTAL AMOUNT OF $142,906). 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 Lower Colorado River Authority as 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 $142,906 to be paid to the Lower Colorado River Authority 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. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the L day of 2006. ajwrlaj PERK . McNEILL, MAYOR ATTEST: JENNIFER WALTERS, TY SECRETARY BY. APP VEDA TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY BY: 2-OR DSt3 E 363 EXHIBIT "A" Lower Colorado River Authority $142,906