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2003-099S:\Our Documents\0rdinances\03\Bid Gas Development-DME.doc ORDINANCE NO. o?ODJ-1 / K AN ORDINANCE OF THE CITY OF DENTON, TEXAS, APPROVING THE PLACEMENT OF AN APPROXIMATE 3.13 ACRE TRACT OWNED BY DENTON MUNICIPAL ELECTRIC FOR AN ELECTRIC SUBSTATION, FOR BID RESPECTING THE DEVELOPMENT OF A NON-DRILLING/POOLING AGREEMENT WITH A GAS DEVELOPER; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, pursuant to Section 71.005(a) of the Texas Natural Resources Code, the City Council of The City of Denton has determined that it is advisable to lease the sub-surfaces of an approximate 3.13 acre tract of land in the S.A. Venters Survey, Abstract No. 1315, owned by Denton Municipal Electric for an electric substation for bid respecting the development of a non-drilling/pooling agreement with a gas developer.; and WHEREAS, the City Council desires to authorize the City Manager or his designee to bid the sub-surface mineral interests for a Nondrilling/Pooling Agreements on the 3.13 acre tract of land according to law. NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The findings contained in the preamble of this ordinance are incorporated into the body of this ordinance. SECTION 2. Pursuant to Chapter 71 of the Texas Natural Resources Code, the City Council hereby authorizes the advertisement for a Non-Drilling, Paid-Up Pooling Agreement for Oil and Gas Lease Agreements for the 3.13 acre tract of land in the S.A. Venters Survey, Abstract No. 1315 within the City of Denton, Texas. SECTION 3. This ordinance shall become effective immediately upon its passage and approval. y / PASSED AND APPROVED this the 5G day of L 12003. Z"nl u / v~ EULINE BROCK, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY By. APPROVED AS TO LEGAL FORM: HERBERT L. PROUTY, CITY ATTORNEY BY: