HomeMy WebLinkAboutResolution - 2001-R0263 - Contract Extension With Texas Municipal Gas Corporation - 06/26/2001Resolution No. 2001-RO263
June 26, 2001
Item No. 35
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to
execute for and on behalf of the City of Lubbock a Contract Extension between the City of
Lubbock, Texas Municipal Gas Corporation and the City of LaGrange, Texas to extend the term
of the existing Joint Gas Purchase Contract, and all related documents. Said Extension is
attached hereto and incorporated in this Resolution as if fully set forth herein and shall be
included in the minutes of the Council.
Passed by the City Council this 26th day of June , 2001.
WIND SITT ,MAYDR
ATTEST:
Rebecca Garza, City Secretary
APPR VEDAS TO CONTENT:
Paul'E. Thompso
Managing Director of Electric Utilities
APPROVED AS TO FORM:
Matth& L. Wade
Assistant City Attorney
MLW:cp CityatUMatt &Ccdoes/TMGC-LaGrange-ContractExtension.Res
June 20, 2001
Resolution No. 2001—RO263
June 26, 2001
Item No. 35
EXTENSION OF GAS PURCHASE CONTRACT
This Extension of Gas Purchase Contract supplements and amends the Purchase Contract entered into
by the Buyer, the Agent, and TMGC, all identified below, by which the Buyer became a party to and assumed
the rights and obligations of a "Buyer" under the Joint Gas Purchase Contract, dated as of April 1, 1998,
between TMGC and the Agent, for the term stated in the Purchase Contract, in order to become eligible to
purchase natural gas from TMGC through the Agent at prices below those otherwise payable by the Buyer.
The term of the Purchase Contract is hereby extended to December 31, 2021. The term of the Purchase
Contract shall be automatically extended by one year on each December 31, beginning December 31, 2001,
unless the Buyer, TMGC, or the Agent has given written notice to the other two parties of its election not to
extend the term of the Purchase Contract prior to such December 31, but in no event shall the term of the
Purchase Contract be extended beyond December 31, 2030, except by written amendment executed by the
Buyer. The Purchase Contract may continue to be phased out at the election of the Buyer as described in the
Joint Gas Purchase Contract.
The parties have caused this Extension of Gas Purchase Contract to be duly executed as of this 26th day
of June , 2001.
Attest/Countersign:
By:
Name: Rebecca Garza
Title: City Secretary
Attest/Countersign:
By: .................................
Name: Violet Zbranek
Title: City Secretary
Attest/Countersign:
By. ..............................
Name: Larry Wessels
Title: Secretary
APPROVED AS TO CONTENT:
.
A)aPau E. Thompson
Managing Director of Electric Utilities
BUYER:
CITY OF LUBBOCK, TEXAS
By:.......... .
Name: Windy Sitto
Title: Mayor
AGENT:
CITY OF LA GRANGE, TEXAS
By: ................................................
Name: James V. Zimmerhanzel
Title: Acting Mayor
TMGC:
TEXAS MUNICIPAL GAS CORPORATION
By: ...............................................
Name: Glen Pape
Title: President
APPROVED AS TO FORM:
MaKh:.Wade
Assistant City Attorney
N
Resolution No. 2001—RO263
EXTENSION OF GAS PURCHASE CONTRACT
This Extension of Gas Purchase Contract supplements and amends the Purchase Contract entered into
by the Buyer, the Agent, and TMGC, all identified below, by which the Buyer became a party to and assumed
the rights and obligations of a "Buyer" under the Joint Gas Purchase Contract, dated as of April 1, 1998,
between TMGC and the Agent, for the term stated in the Purchase Contract, in order to become eligible to
purchase natural gas from TMGC through the Agent at prices below those otherwise payable by the Buyer.
The term of the Purchase Contract is hereby extended to December 31, 2021. The term of the Purchase
Contract shall be automatically extended by one year on each December 31, beginning December 31, 2001,
unless the Buyer, TMGC, or the Agent has given written notice to the other two parties of its election not to
extend the term of the Purchase Contract prior to such December 31, but in no event shall the term of the
Purchase Contract be extended beyond December 31, 2030, except by written amendment executed by the
Buyer. The Purchase Contract may continue to be phased out at the election of the Buyer as described in the
Joint Gas Purchase Contract.
The parties have caused this Extension of Gas Purchase Contract to be duly executed as of this 26th day
of June , 2001.
Attest/Countersign:
By:. ..................
Name: Rebecca Garza
Title: City Secretary
Attest/Countersign:
r
Name: Violet Zbr ne
Title: City Secretary
Attest/C tersign:
By.
Name: Larry essels
Title: Secretary
APPROVED AS TO CONTENT:
....... ..............
Paul E. Thompson
Managing Director of Electric Utilities
BUYER:
CITY OF LUBBOCK, TEXAS
B :.......
1 /4.000,
Name: Windy Sitto
Title: Mayor
AGENT:
CITY OF LA GRANGE, TEXAS
By:..........
Na 1 Joel 1�D2r��
Title: Mayor
TMGC:
TEXAS MUNjCjPAL GAS CORPORATION
By:..... .. ........C%-7.0 ................
Name: Glen Pape
Title: President
APPROVED AS TO FORM:
-Z-
I
am....... ...,/-
.............`.w L. Wade
Assistant City Attorney
Resolution No. 2001-RO263
EXHIBIT A
to
GAS EXCHANGE AND
ANNUAL BALANCING AGREEMENT
1:111•/ �! :7� 1� 17 �1►1 Illl►� I
BUYER ADDENDUM NO.1
This Addendum to that certain Gas Exchange and Annual Balancing Agreement, dated as
of June 1, 1998 (the "Exchange Agreement"), between the Texas Municipal Gas Corporation
("TMGC") and Coral Energy Resources, L.P., a Delaware limited partnership (the "Dealer"), is
entered into by such parties and the Buyer designated herein to designate a Buyer, or one or more
of such Buyer's Points of Receipt or a new Supply Contract and Supplier for such Buyer, all of
which shall be as follows effective with the Day that commences on the Effective Date specified
below:
Buyer: City of Lubbock, Texas
Buyer's Address: P.O. Box 2000 * 1625 13th Street * Lubbock, TX 79457
Buyer's Point of Receipt: Points Specified in Exhibit "A" of Supply Contract
Effective Date: May 1, 2001
Supplier: PowerTex Joint Venture (A subsidiary of Conoco Inc.
which purchased PowerTex Joint Venture from LG&E
Energy Marketing, Inc.)
Supplier Address:
Supply Contract:
Supply Contract
Expiration Date:
Sales Tax Exemption:
Conoco Inc. * Cherokee, 1081 * 600 N. Dairy Ashford
(77079-1175) * P.O.Box 2197 * Houston, TX 77252-2197
Gas Sales Contract dated July 1, 1998
July 1, 2008
Attached hereto as Exhibit B is a sales tax exemption
certificate duly executed by Buyer in favor of Dealer.
This Addendum supercedes all prior addenda to the Exchange Agreement designating the same
Buyer.
Executed and delivered to be effective as of the above Effective Date.
CORAL ENERGY RESOURCES, L.P. TEXAS MUNICIPAL GAS
CORPORATI N N
By:........................................ By:........ ...�...........
Name :.................................... Name: Glen Pape
Title: .................................... Title: President
CITY OF LUBBOCK, TEXAS
By: ........................................
Name:....................................
Title: ....................................