HomeMy WebLinkAboutRES 012522-A - Sale & Purchase of CertRESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO
EXECUTE THE GENERAL AGREEMENT ON SALE AND
PURCHASE OF CERTIFICATES WITH STX COMMODITIES, LLC;
REPEALING CONFLICTING RESOLUTIONS; INCLUDING A
SEVERABILITY CLAUSE; AND ESTABLISHING AN EFFECTIVE
DATE.
WHEREAS, the City of Georgetown ("City") has determined that it is in the interest of
the City to enter into certain agreements to better manage energy risk; and
WHEREAS, the City desires to enter into a general agreement with STX Commodities,
LLC ("STX") to sell and purchase certificates to better address future energy and capacity needs
of the City.
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.
SECTION 2. The Mayor is hereby authorized to execute the General Agreement on Sale
and Purchase of Certificates with STX and any and all such other documents and instruments as may
be necessary or appropriate to carry out the terms of the General Agreement, and to do all such other
acts as in the opinion of such authorized individual may be necessary or appropriate in order to carry
out the purposes and intent of the foregoing resolutions.
attest.
SECTION 3. The Mayor is authorized to sign this Resolution and the City Secretary to
SECTION 4. This Resolution shall become effective immediately upon adoption.
Resolution No. ,-5 Z 2 — F"L Page 1 of 2
Subject: Authorizing Execution of General Agreement on Sale and Purchase of Certificates with STX Commodities, LLC
Date Approved; jA 76, 707,-7--
RESOLVED this �ay of
ATTEST:
t
Robyn D nsmore, City Secretary
APPROVED AS TO FORM:
Skye M ssa , City Attorney
2022.
THE CITY OF GEORGETOWN:
Resolution No. () 1,52 r - IN Page 2 of 2
Subject: Authori ing Execution of General Agreement on Sale and Purchase of Certificates with STX Commodities, LLC
Date Approved Z