07-043 - R RESOLUTION NO. 07-043
A RESOLUTION APPROVING THE ARTICLES OF INCORPORATION
AND BYLAWS OF CITIES AGGREGATION POWER PROJECT, INC., A
POLITICAL SUBDIVISION CORPORATION; ACCEPTING
MEMBERSHIP IN SAID CORPORATION; APPOINTING A
REPRESENTATIVE TO SERVE ON BEHALF OF THE TOWN OF
PROSPER; APPROVING PAYMENT OF AN INITIAL MEMBERSHIP
FEE.
WHEREAS, Chapter 303 of the Texas Local Government Code, entitled Energy
Aggregation Measures for Local Governments, allows political subdivisions to form a political
subdivision corporation to act as an agent to negotiate the purchase of electricity, or to likewise
aid or act on behalf of the political subdivisions for which the corporation is created, with respect
to their own electricity use for their respective public facilities; and
WHEREAS, Cities Aggregation Power Project, Inc. is a political subdivision corporation
organized under said Chapter; and
WHEREAS, the negotiation for electricity by the corporation should result in lower
electricity costs to Town of Prosper; and
WHEREAS, the TXU Cities Steering Committee has participated in numerous rate
proceedings and rule-makings over the course of the last decade and having investigated the
impacts of electric deregulation, recommends participation of cities in aggregation projects and
creation of a political subdivision corporation to maximize opportunities for cost savings;
WHEREAS, the TXU Cities Steering Committee has facilitated the creation of Cities
Aggregation Power Project, Inc.; and
WHEREAS, the Town of Prosper seeks to become a Member of Cities Aggregation
Power Project, Inc.; and
WHEREAS, the By-Laws of Cities Aggregation Power Project, Inc. require an initial
membership fee of '/2 of 1% of the total annual electric bill of the last full year of billing
information available prior to membership application. Such fee shall not exceed $14,000.
NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER
Section 1. The recitals contained in the preamble of this Resolution are determined to be
true and correct and are hereby adopted as a part of this Resolution.
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Section 2. The Articles of Incorporation and Bylaws of Cities Aggregation Power
Project, Inc., a political subdivision corporation, attached hereto and incorporated herein for all
purposes as Exhibits A and B respectively, are hereby approved.
Section 3. Town of Prosper accepts Membership in Cities Aggregation Power Project,
Inc.
Section 4. Town of Prosper approves payment of an initial fee assessment equivalent to
V2 of 1% of the total annual electric bill Town of Prosper of the last full year of billing
information available prior to membership application. Such fee shall not exceed $14,000.
Section 5. Town of Prosper hereby appoints the Town Manager, to serve as Town of
Prosper's representative to the corporation and to act on Town of Prosper's behalf.
Section 6. All Resolutions and parts thereof in conflict herewith are hereby expressly
repealed insofar as they conflict herewith.
Section 7. This Resolution shall take effect immediately from and after its adoption and
it is accordingly so resolved.
Section 8. A copy of this Resolution shall be sent to Jay Doegey, CAPP Board Chair, do
City of Arlington City Attorney's Office, MS 63-0300, P.O. Box 90231, Arlington, Texas
76004-3231, along with the initial assessment fee.
PRESENTED AND PASSED on this the 8th day of May, 2007, by a vote of 6 ayes and 0
nays at a regular meeting of the Town Council of the Town of Prosper, Texas.
arles Ni anger, May
ATTEST:
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