HomeMy WebLinkAboutResolution - 2730 - Amendment To Agreement - WTMPA - Power Sales, 4 Cities - 01/28/1988'.. ' . Resolution #2730
J
January 28, 1988
Item #27
A RESOLUTION of the City Council of the City of
Lubbock, Texas approving the form of and
execution of an amendment to the Power Sales
Contract between West Texas Municipal Power
Agency and the City of Brownfield, Texas, City
of Floydada, Texas, City of Lubbock, Texas, and
City of Tulia, Texas (the "Cities"), dated as of
July 1, 1985, declaring an effective date, and
resolving other matters incident and related
thereto.
WHEREAS, on this date the City Council of the City of
Lubbock, Texas (the "City") hereby determines that an amendment
to that certain Power Sales Contract dated as of July 1, 1985
(the "Power Sales Contract") by and between the West Texas
Municipal Power Agency and the Cities be made; and
WHEREAS, an amendment to the Power Sales Contract (the
"Amendment") has been prepared and submitted to the City
Council for approval and execution, such Amendment being
attached hereto as Exhibit A and incorporated herein by
reference as a part of this Resolution for all purposes; and
WHEREAS, the City Council hereby finds and determines that
such Amendment should be approved and execution of the same for
and on behalf of the City Council authorized; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK,
TEXAS:
Section 1. That the Amendment attached hereto as
Exhibit A, is hereby approved as to form and content, and the
Mayor and City Secretary of the City are hereby authorized and
directed to execute such Amendment in substantially the same
form and content herein approved for and on behalf of the City
Council of the City and as the act and deed of this City
Council.
Section 2. That the Amendment shall be in force and
effect from and after same shall is approved by the Cities and
the holders of the West Texas Municipal Power Agency Revenue
Bonds, Series 1987.
PASSED AND APPROVED, this January 28, 1988.
ATTEST:
City Secretary
(City Seal)
.2 2 6 6 B
CITY OF LUBBOCK, TEXAS
Mayor
L
EXHIBIT A
Section 3(a)(1) of the Power Sales Contract shall be
amended to read as follows:
(1) Subject to existing contracts (or extensions
thereof, if the Agency is a party to such extension agreement)
purchase and receive from the Agency all Power and Energy which
it shall require for the operation of its electric system in
excess of the amount (i) supplied by any generation facilities
owned by it on the effective date of this Contract, including
generating facilities under construction on such date, (ii)
supplied by any construction, improvement or extensions of any
generating facilities which increase the Rated Capacity of same
so long as the increase during any period of two successive
Contract Years does not exceed 15% of the same's Rated Capacity
at the beginning of such period, provided the Cities and the
Agency may, in writing, waive such 15% limit, and (iii)
supplied from any generation facility primarily fueled from and
the construction and operation of which is incidental to the
disposal of solid waste, which facility is hereafter
constructed by one or more of the Cities, this section shall
not restrict the construction of transmission facilities that
are necessary for the transmission of Power and Energy; and