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<br /> 25 <br /> / <br /> U: <br /> ,J <br /> RESOLUTION 1993-45 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS, AUTHORIZING THE CITY <br /> MANAGER TO EXERCISE THE CITY'S OPTION TO <br /> PURCHASE ELECTRICAL SUBSTATION FACILITIES AND' <br /> UNDERLYING LAND FROM THE LOWER COLORADO RIVER <br /> AUTHORITY; AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the Operating Agreement between the City and the <br />Lower Colorado River Authority ( "LCRA ") dated July 24, 1986 <br />provides the city with an option to purchase the 138/12.5 kV <br />electrical stepdown substation facilities, at original cost less <br />depreciated value as of July 31, 1992, and underlying land, at <br />original cost; and, <br />WHEREAS, the city desires to authorize the city Manager to <br />exercise this option in order to provide the city with the ability <br />to reconfigure its electrical system to provide enhanced <br />reliabili ty to existing customers, and to expand in the most <br />economical manner for future load growth, and to allow the city to <br />purchase surplus electric generation from Southwest Texas State <br />University; now, therefore, ~ <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> PART 1. That the city Manager, Larry D. Gilley, is hereby <br />authorized to exercise the City's option to purchase the 138/12.5 <br />kv electrical stepdown substation facilities, at original cost less <br />depreciated value as of July 31, 1992, and underlying land, at <br />original cost, from LCRA, and to notify LCRA of the City's decision <br />to exercise this option. <br /> , <br /> PART 2. That this resolution shall become effective <br />immediately from and after its passage. <br /> ADOPTED this 1st M993. ' <br /> err is ~\Jl{n;Wî <br />Attest: ~ / <br />~ ¡}v ¡"~) .), J ~r/'.IvC-U <br />Jaþis K. Womack <br />city Secretary <br />