Res 2024-256 approving an agreement with the Lower Colorado River Authority (“LCRA”)

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INTERLOCAL AGREEMENT BETWEEN THE CITY OF SAN MARCOS, TEXAS AND THE LOWER COLORADO RIVER AUTHORITY CONCERNING ELECTRICAL TRANSMISSION, CONTROL AND SUBSTATION FACILITIES THIS AGREEMENT is made and entered into by and between the City of San Marcos, Texas (hereinafter referred to as the"City") and the Lower Colorado River Authority(hereinafter referred to as "LCRA"), a conservation and reclamation district of the State of Texas,pursuant to the Texas Interlocal Cooperation Act (Chapter 791, Texas Government Code). LCRA and the City may be referred to individually as a Party, or collectively as the Parties. WHEREAS,the City owns and operates electric transformation and distribution lines and related facilities, and WHEREAS,LCRA is authorized by Chapter 8503 of the Texas Special District and Local Laws Code to distribute and sell electric energy; and WHEREAS, LCRA provides planning, repair, maintenance, testing, technical, training and inspection services for the transmission Facilities (as defined below) of LCRA Transmission Services Corporation, a non-profit corporation and instrumentality of LCRA; and WHEREAS, cooperation between the City and LCRA in planning for and in providing repair, maintenance and technical services (testing, inspection and personnel training) for transformation, distribution and substation facilities (collectively, "Facilities") would enable the City and LCRA to avoid redundant expenditures, reduce the costs to their respective customers, improve the responsiveness of each Party to outages and emergencies, and enhance the reliability of the respective Facilities; and WHEREAS, LCRA is willing to perform Services (as defined below) on the Facilities of the City upon the following terms and conditions; NOW,THEREFORE for and in consideration of the premises, and the mutual covenants and agreements set forth below, and other good and valuable consideration, the City and LCRA agree as follows: