HomeMy WebLinkAboutResolution 2001-036
RESOLUTION No. 2001 - 036
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NORTH RICH LAND HILLS, APPROVING THE ARTICLES OF
INCORPORATION AND BYLAWS OF CITIES AGGREGATION
POWER PROJECT, INC., A POLITICAL SUBDIVISION
CORPORATION; ACCEPTING MEMBERSHIP IN SAID
CORPORATION; APPOINTING A REPRESENTATIVE TO
SERVE ON BEHALF OF THE CITY OF NORTH RICHLAND
HILLS; APPROVING PAYMENT OF AN INITIAL MEMBERSHIP
FEE; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, Chapter 303 of the Texas Local Government Code, entitled
Energy Aggregation Measures for Local Governments, allows political
subdivisions to form a political subdivision corporation to act as an agent to
negotiate the purchase of electricity, or to likewise aid or act on behalf of the
political subdivisions for which the corporation is created, with respect to their
own electricity use for their respective public facilities; and
WHEREAS, Cities Aggregation Power Project, inC. IS a political
subdivision corporation organized under said Chapter; and
WHEREAS, the negotiation for electricity by the corporation should result
in lower electricity costs to the City of North Richland Hills; and
WHEREAS, the TXU Cities Steering Committee has participated in
numerous rate proceedings and rule-making over the course of the last decade
and having investigated the impacts of electric deregulation, recommends
participation of cites in aggregation projects and creation of a political subdivision
corporation to maximize opportunities for cost savings;
WHEREAS, the TXU Cities Steering Committee has facilitated the
creation of Cities Aggregation Power Project, Inc.; and
WHEREAS, the City of North Richland Hills seeks to become a Member of
Cities Aggregation Power Project, Inc.; and
WHEREAS, the By-Laws of Cities Aggregation Power Project, Inc. require
an initial membership fee of % of 1 % of the total annual electric bill of 2000.
Such fee shall not exceed $14,000.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF NORTH RICHLAND HILLS:
Section 1.
The recitals contained in the preamble of this Resolution are determined
to be true and correct and are hereby adopted as a part of this Resolution.
Section 2.
The Articles of Incorporation and Bylaws of Cities Aggregation Power
Project, Inc., a political subdivision corporation, attached hereto and incorporated
herein for all purposes as Exhibits A and B respectively, are hereby approved.
Section 3.
The City of North Richland Hills accepts Membership in Cities Aggregation
Power Project, Inc.
Section 4,
The City of North Richland Hills approves payment of an initial fee
assessment equivalent to ì2 of 1 % of the total annual electric bill of the City of
North Richland Hills in the year 2000. Such fee shall not exceed $14,000.
Section 5.
The City of North Richland Hills hereby appoints Greg Vick, Managing
Director of Community Services and Facilities to serve as the City of North
Richland Hills' representative to the corporation and to act on the city's behalf.
Section 6,
All Resolutions and parts thereof in conflict herewith are hereby expressly
repealed insofar as they conflict herewith.
Section 7.
This Resolution shall take effect immediately from and after its adoption
and it is accordingly so resolved.
ADOPTED this 14th day of May 2001.
APPROVED:
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Patricia Hutson, City Secretary
APPROVED AS TO CONTENT:
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Greg Vick, Managing Director of Community
Services and Facilities
APPROVED AS TO FORM AND LEGALITY:
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Rex McEntir~-éhy Attorney