RES 2001-13TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2001-13
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
TROPHY CLUB, TEXAS, APPROVING THE ARTICLES OF
INCORPORATION AND BYLAWS OF CITIES AGGREGATION
POWER PROJECT, INC., A POLITICAL SUBDIVISION
CORPORATION; ACCEPTING MEMBERSHIP IN SUCH
CORPORATION; AUTHORIZING PAYMENT OF AN INITIAL
MEMBERSHIP FEE; APPOINTING A REPRESENTATIVE TO SERVE
ON BEHALF OF THE TOWN; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the Town Council of the Town of Trophy Club, Texas (the "Town") is
empowered under Texas Local Government Code Section 51.001 to adopt a resolution or rule
that is for the good government of the Town,
WHEREAS, Chapter 303 of the Texas Local Government Code, entitled Energy
Aggregation Measures for Local Governments, allows political subdivisions to form a political
subdivision corporation to act as an agent to negotiate the purchase of electricity, or to likewise
aid or act on behalf of the political subdivisions for which the corporation is created, with respect
to their own electricity use for their respective public facilities;
WHEREAS, Cities Aggregation Power Project, Inc. is a political subdivision corporation
organized under said Chapter;
WHEREAS, the negotiation for electricity by the corporation should result in lower
electricity costs to the Town,
WHEREAS, the TXU Cities Steering Committee has participated in numerous rate
proceedings and rule -makings over the course of the last decade and, having investigated the
impacts of electric deregulation, recommends participation of cities in aggregation projects and
the creation of a political subdivision corporation to maximize opportunities for cost savings;
WHEREAS, the TXU Cities Steering Committee has facilitated the creation of Cities
Aggregation Power Project, Inc.; and
WHEREAS, the Town of Trophy Club, Texas, seeks to become a member of Cities
Aggregation Power Project, Inc.; and
WHEREAS, the By -Laws of Cities Aggregation Power Project, Inc. require an initial
membership fee of 1/z of 1% of the total annual electric bill for the Town for year 2000. Such fee
shall not exceed $14,000;
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WHEREAS, the Town Council has the authority to designate and appoint a Town
representative to the corporation to act on the Town's behalf.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. The recitals contained in the preamble of this Resolution are determined to
be true and correct and are hereby adopted as a part of this Resolution.
Section 2. The Articles of Incorporation and Bylaws of Cities Aggregation Power
Project, Inc., a political subdivision corporation, attached hereto and incorporated herein for all
purposes as Exhibits A and B respectively, are hereby approved.
Section 3. The Town hereby accepts membership in Cities Aggregation Power
Project, Inc.
Section 4. The Town approves payment of an initial fee assessment equivalent to
of 1% of the total annual electric bill for the Town in the year 2000. Such fee shall not exceed
$14,000.
Section 5 The Town of Trophy Club, Texas, hereby appoints Paul Rosenberger,
Assistant to the Town Manager, and /or an authorized designee, to serve as the Town's
representative to the corporation and to act on the Town's behalf.
Section 6. That this Resolution shall become effective from and after its date of
passage in accordance with law, and it is so resolved.
PASSED AND APPROVED by the Town Council/of the Tov£n of, Trophy Club, Texas,
this 21" day of May, 2001. /
Town of Trophy Club, Texas
ATTEST:
Town Secretary
Town of Trophy Club, Texas
[SEAL]
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APPROVED AS TO FORM:
Town Attorney
Town of Trophy Club, Texas
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