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<br />164. <br /> <br />RESOLUTION 2001- 201 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING PRICE $ELECT OPTIONS <br />FOR THE PURCHASE OF WHOLESALE POWER FROM THE <br />LOWER COLORADO RIVER AUTHORITY; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE A PRICE $ELECT 2002 <br />SELECTION FORM ON BEHALF OF THE CITY; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City purchases electric power from the Lower Colorado River Authority ("LCRA") <br />under the Wholesale Power Agreement dated July 8, 1986, as amended by the Amendment to <br />Wholesale Power Agreement dated June 24, 1996. <br /> <br />2. LCRA uses a Price $elect option program to allow its wholesale customers to choose <br />among pricing options for the purchase of wholesale power. <br /> <br />3. The City wishes to select the pricing options shown on the Price $elect 2002 Selection <br />Form attached to this resolution. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The pricing options for the purchase of electric power from the LCRA shown on <br />the attached Price $elect 2002 Selection Form are approved. <br /> <br />PART 2. The City Manager, Larry D. Gilley, is authorized to execute the attached Price <br />$elect 2002 Selection Form on behalf of the City. <br /> <br />PART 3. This Resolution is in full force and effect immediately from and after its adoption. <br /> <br />ADOPTED on <br /> <br />NOVEMBER 261 2001. <br /> <br />~ \ . <br />/ ~.~ <br />avid Chiu <br />Mayor <br /> <br />