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2007-023 ORDINANCE NO. 2 tJtJ'7- tJ ~\:; 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) AND TEXAS MUNICIPAL POWER AGENCY (TMP A) FOR PROVIDING ENERGY TRANSMISSION SERVICES TO THE CITY OF DENTON; AND PROVIDING AN EFFECTIVE DATE (FILE 3717-2006 ELECTRICAL ENERGY TRANSMISSION FEES-LOWER COLORADO RIVER AUTHORITY IN THE AMOUNT OF $295,074 AND TEXAS MUNICIPAL POWER AGENCY IN THE AMOUNT OF $40,245 FOR A TOTAL AWARD OF $335,319). 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 and Texas Municipal Power Agency 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 offunds in the amount of$295,074 to be paid to the Lower Colorado River Authority and $40,245 paid to the Texas Municipal Power Agency, 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 li-liJ day of It/; rUtl-ry ,2007. 6). rn~lL~JI . McNEILL, MAYOR BY: APPR VED A TO LEGAL FORM: EDWIN M. SNYDER, CITY ATTORNEY BY: ~~~ 2.0R~3717 EXHIBIT "A" Lower Colorado River Authority Texas Municipal Power Agency Total $295,074 $ 40.245 $335,319