HomeMy WebLinkAboutRES 091024-5.AB - Authorizing Execution of General Agreement on Sale and Purchase of CertificatesRESOLUTION NO. 09 W;Z14 -5.1%
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, AUTHORIZING THE CITY MANAGER
TO NEGOTIATE AND EXECUTE THE AGREEMENT FOR
ELECTRIC SERVICE WITH ZT GROUP INT'L, INC.; REPEALING
CONFLICTING RESOLUTIONS; AND ESTABLISHING AN
EFFECTIVE DATE.
WHEREAS, ZT Group Int'l, Inc. ("ZT") plans to develop and operate a design and
manufacturing facility with an initial capacity of 11.2 MW and up to 25.2 MW located in
Georgetown, Texas;
WHEREAS, in accordance with a Letter of Intent between City of Georgetown ("City")
and ZT Systems for the Procurement of Power dated September 9, 2023, as amended, ZT desires
to receive from the City, and the City desires to provide to ZT, the electric power and energy
sufficient for ZT's requirements;
WHEREAS, the City and ZT desire to enter into an Agreement for Electric Service to
govern the provision of service to ZT.
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 City Manager is hereby authorized to execute the Agreement for Electric
Service and any other documents and instruments necessary or appropriate to carry out the terms of
the Agreement for Electric Service, and to do all such other acts as in the opinion of the City Manager
may be necessary or appropriate to carry out the purposes and intent herein.
SECTION 3. The Mayor is authorized to sign this Resolution and the City Secretary to
attest.
SECTION 4. This Resolution shall become effective immediately upon adoption. Any
conflicting resolutions are repealed.
Resolution No. 09 L02 y - S rUJ Page 1 of 2
Subject: Authorizing Execution of General Agreement on Sale and Purchase of Certificates with STX Commodities, LLC
Date Approved M I1011_6ZM
RESOLVED this _� day of , 2024.
ATTEST: THE 4Y OF GE GETOWN:
Robyn De sm(re, City Secretary Josh4hr, der, Mayor
APPROVED AS TO FORM:
Skye 10ass(4 City Attorney
Resolution No. Mt02q -S. Page 2 of 2
Subject: Authorizing Execution of General Agreement on Sale and Purchase of Certificates with STX Commodities, LLC
Date Approved