RES 2001-24TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2001 - 24
A RESOLUTION OF THE TOWN OF TROPHY CLUB, TEXAS,
AUTHORIZING THE MAYOR TO SIGN AN ELECTRIC SUPPLY
AGREEMENT WITH THE WINNING BIDDER FOR THE ELECTRIC
LOAD OF CITIES AGGREGATION POWER PROJECT, INC., UPON
CONFIRMATION OF ECONOMIC BENEFIT TO THE TOWN; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Trophy Club, Texas ("Town") is a member of Cities
Aggregation Power Project, Inc. (CAPP), a nonprofit political subdivision corporation dedicated
to securing electric power for its members in the competitive retail electric market effective
January 1, 2002,
WHEREAS, CAPP has received bids from qualified bidders to serve approximately 70
CAPP members more than 700 million kWh annually;
WHEREAS, CAPP has the expectation of negotiating with one or two bid finalists while
simultaneously working with a designated representative from each member City to establish and
maximize economic benefit;
WHEREAS, CAPP has provided a window of opportunity for its member cities to
confirm that the winning bid provides economic advantage to each member when the pricing and
terms of the winning bid are compared to perpetuation of service from the affiliated provider of
the incumbent utility with price to beat rates and independent economic advantage with regard to
the pricing of large non -price to beat accounts;
WHEREAS, it is necessary for the Town to act expeditiously within the period between
the announcement of the winning bid and the signing of power contracts;
WHEREAS, it is necessary for the Town to have a contract for the supply of electricity
in the new competitive environment,
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
Section 1. That the Town Manager is hereby charged to confirm that:
(a) the winning bid to supply CAPP's load will economically benefit the
Town when measured against service from the affiliated REP of the incumbent utility,
and
(b) to work with CAPP in the finalization of the contracting process and
commitment of specific electric accounts of the Town to the aggregated load.
QATOWNSMAII Resolutions\Res200 I Tes 2001-24.doe
Section 2. That the Mayor is authorized to sign the necessary power supply contracts
or agreements ratifying the Town's participation in CAPP after confirming economic benefit to
the Town.
Section 3. 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 the To Trophy Club, Texas,
this the 17`h day of September 2001.
ATTEST
-l�uc
Town Secreta
Town of Trophy Club, Texas
[SEAL]
O
t—
APPROVED AS TO FORM: ®UgRv
Town Attorney
Town of Trophy Club, Texas
Q:ATOWNSECTending ResolutionsVLAPP 091701.doc
U
of Trophy Club, Texas