HomeMy WebLinkAboutRES 910045 - Distribution System PECA RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR THE
PURCHASE OF A PORTION OF THE DISTRIBUTION SYSTEM FROM THE PEDERNALES
ELECTRICAL COOPERATIVE.
WHEREAS, a goal adopted by the City Council for the fiscal year is to ensure the provision of adequate
utility services, with the specific objective of purchasing a portion of the distribution system of the Pederna es
Electrical Cooperative, (hereinafter "Pedernales") that lies within the City Limits in order to contribute to
improved system integration; and
WHEREAS, the acquisition of this portion of the Pedernales electrical distribution system is consistent
with the Century Plan; and
WHEREAS, the original book value of the system to be purchased is approximately $95,000.00; and
WHEREAS, the replacement cost of that portion of the system to be purchased is estimated at
$145,000.00;
MWITMOMERTIM .6
SECTION 1. The City Council adopts the recitals set forth above as true and correct and they are hereby
adopted and incorporated herein as if fully set forth verbatim.
SECTION 11. The Mayor is hereby authorized to execute a contract, subject to the approval of the City
Attorney, for the purchase of that portion of the Pedernales electrical distribution system along North Highway
81, at Industrial Park North; along Williams Drive on Central Street, Park Lane Street, the Ranch Road area
and in and around Lakeway Drive; and near the Georgetown Municipal Airport. Furthermore, the contract
amount for the purchase of the system shall not exceed $95,000.00.
Attest:
� 4-1
Sandra D. Lee, Deputy City Secretary
Approved as to form:
Marianne Landers Banks, City Attorney
CITY OF GEORGETOWN
BY:
W. H. Connor, Mayor
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