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<br />192 <br /> <br />RESOLUTION 1999- 235 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 2000 <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, 1986. <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 2000 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 <br />on the attached Price $elect 2000 Selection Form are approved. <br /> <br />PART 2. The City Manager, Larry D. Gilley, is authorized to execute the attached Price <br />$elect 2000 Selection Form on behalf of the City. <br /> <br />P ART 3. This Resolution is in full force and effect immediately from and after its adoption. <br /> <br />ADOPTED this 22ndday of November <br /> <br />,1999. <br /> <br />fi~ ~.~ <br /> <br />Billy G. Moore <br />Mayor <br /> <br />A~/l) ~.~ hi <br />vVa~r[fJ~ <br /> <br />Janis K. Womack <br />City Secretary <br />