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62 RESOLUTION 1986-95B RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS APPROVING IN PRINCIPLE THE PROPOSED PURCHASE AGREEMENT BETWEEN THE LOWER COLORADO RIVER AUTHORITY AND THE CITY OF SAN MARCOS FOR THE PURCHASE OF CERTAIN ELECTRIC UTILITY DISTRIBUTION AND GENERAL PLANT FACILITIES SERVING THE CITY; AUTHORIZING THE MAYOR TO SIGN THE PURCHASE AGREEMENT AFTER ALL FINAL REVISIONS ARE INCORPORATED INTO THE AGREE- MENT; AND REQUESTING THAT THE PROPOSED PURCHASE AGREEMENT BE RE-SUBMITTED TO THE CITY COUNCIL FOR ITS FINAL APPROVAL WHEl{EAS, the City of San Marcos and the Lower Colorado River Authority (LCRA) executed a Memorandum of Understanding on June 6, 1986 relating to the purchase by the City of LCRA's Electric Utility Distribution and General Plant Facilities currently serving the City; and WHEREAS, the Memorandum of Understanding specified that the specific provisions relating to the purchase were to be set out in a Purchase Agreement, a Wholesale Power Agreement, an Operating Agreement and a Technical Services Agreement; and WHEREAS, the City Manager of the City of San Marcos and the General Manager of LCRA have negotiated a proposed Purchase Agreement attached as Exhibit "A" and incorporated herein for all purposes; and WHEREAS, the staff and consultants employed by the City of San Marcos have reviewed the proposed Purchase Agreement and recommend that it be approved in principle by the City Council. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: 1. The proposed purchase by the City of LCRA's Electric Distribution and General Plant Facilities currently serving the City is in the publ ic interest. 2. The proposed Purchase Agreement between the City of San Marcos and LCRA attached to this Resolution as Exhibit IIAII is hereby approved in principle. 3. The Mayor of the City of San Marcos is hereby authorized to execute this Purchase Agreement after any final revisions are incorporated into the Agreement. 4. The final draft of the Purchase Agreement shall be re-submitted to the City Council for its final approval. 5. This Resolution shall take effect immediately from and after its passage. PASSED AND APPROVED this 11 day of AUliust , 19 86 . /~" '\ . '^-, ,w :';:~ ~ - - _. ""'--- l\, ) - ')!,....~-.,---.'Ø------" ~'_. -- .-v~r". ". -' Mayor ¡ , , ATTEST: J .'-E'. Younger eJ I ,- I /'- .....~>/; / , ' , / 8-í },'2/ 2 f ;/ \....J i. //, <;y\ ¿, 'ê /) A/ / -. J /t.-'¿ '/ Janis K. Womack, City Secretary