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HomeMy WebLinkAbout0414_409409 ORDINANCE AUTHORIZING EXECUTION OF AGREEMENT BETWEEN LOWER COLORADO RIVER AUTHORITY AND CITY OF GEORGETOWN CONCERNING WHOLESALE POWER, PROVIDING FOR ONE READING AND DECLARING EMERGENCY. WHEREAS, the City of Georgetown, Texas, has negotiated with the Lower Colorado River Authority concernirg the sale by Lower Colorado River Authority, hereinafter called LCRA, and the purchase by the City of Georgetown, Texas, of electric power and energy; and, WHEREAS, said parties have negotiated concerning the material elements of said contract including but not limited to such matters as term, prices, conditions and other such matters and have reached an agreement, a copy of which is marked "Exhibit A" and is attached to this ordinance for all purposes to the same and full extent as if copied herein at length word for word: THEREFORE, BE IT ORDAINED by the City Council of the City of Georgetown, Texas, on this the 8th day of July, 1974, that an agreement should be made with LCRA on the terms and conditions as set forth on said Exhibited Agreement and that to that end the Mayor should and he is hereby empowered and directed to execute copies of said written agreement, make some binding upon the City of Georgetown as well as LCRA , O� and the Mayor is further directed to write or cause to be written a letter to LCRA for the purpose of advising LCRA that the City of Georgetown reserves the right to collect any pro 0 rata share of monies collected by LCRA from Coastal State Gas Company as a result of U overcharges for the sale of natural gas. The provisions of this ordinance are severable so that any portion hereof, which might be deemed to be void as a matter of law, shall not effect the validity of any other portion hereof. The requirement for the reading of ordinances on two separate days is hereby dispensed with for the reason that this ordinance relates to the immediate preservation of the public health, safety and welfare in that making provision for electrical power is of an emergency nature. This ordinance shall be in full force and effect from and after its passage. DATE PASSED: July 8, 1974 ATTEST: tity Secretary Crawford, Mayor July 9, 1974 Lower Colorado River Authority Post Office Box 220 Austin, Texas 78767 ATTENTION: Charles Herring, General Manager Dear Mr. Herring: We have executed the new power and energy contract which has been agreed on between the Authority and us and point out that payment made under this contract, to the extent that we are billed under the Fuel and Purchased Power Clause, which is included in Exhibit C of the agreement, for fuel and purchased power costs because such costs exceed the cost set out in your contract with Coastal States Gas Producing Company, are and will be paid and considered to be paid under protest. We will expect the Authority to pursue its legal remedies for the collection of damages and other relief against Coastal States Producing Company and, if and when damages are awarded and collected, we will be entitled to our share of the balance after the cost of litigation.