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HomeMy WebLinkAboutRES 082520-X - Sale Transformers to LCRARESOLUTION NO. 0&'�52y �x A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE SALE OF ELEVEN (11) POWER TRANSFORMERS AND RELATED EQUIPMENT TO THE LOWER COLORADO RIVER AUTHORITY AND AUTHORIZING THE MAYOR TO EXECUTE THE BILL OF SALE AND RELATED AGREEMENTS TO EFFECTUATE THE SALE AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS, the City of Georgetown ("City") wishes to transfer eleven power transformers and related equipment to the Lower Colorado River Authority ("LCRA"). NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN TEXAS: SECTION 1. The facts and recitations contained in the preamble of this Resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. SECTION 2. The sale of eleven (11) power transformers and related equipment to LCRA is hereby approved by the City Council. SECTION 4. The Mayor is hereby authorized to execute (1) the Bill of Sale for the transfer of the eleven (11) power transformers and related equipment; (2) an amendment to the Transformation Agreement with LCRA; (3) an amendment to the Interconnect Agreement with LCRA; (4) an amendment to the Metering Agreement with LCRA and any other related agreements necessary to effectuate the transfer of the power transformers to LCRA. SECTION 5. The Mayor is authorized to sign this Resolution and the City Secretary to attest. SECTION 6. This Resolution shall become effective and be in full force and effect upon execution by the Mayor. Resolution No. 0 Page 1 of 2 Subject: Agpin meal Agweev��ut-wi U�ai" +cH LL P TrQ nS I�r ry. e�-5 Date Approved A'i cw A61 25,246 PASSED AND APPROVED on the Lday of 2020. ATTEST: Robyn Densmore, City Secretary APPROVED AS TO FORM: Skye arson, City Attorney CITY OF GEORGETOWN TEXAS By: ��U Dale Ross, Mayor Resolution No. Page 2 of 2 Subject: �!..�;�s, �l L Date Approved i r 4rI �'L Q� 5