HomeMy WebLinkAbout032714 RES - 03/29/2022Resolution authorizing an electricity power purchase agreement for
the City of Corpus Christi with a term not to exceed 10.5 years and a
total expenditure for energy not to exceed $57,000,000.00, subject to
future annual budget appropriations; and authorizing the City
Manager to execute the agreement.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS, THAT:
Section 1. The City Manager is authorized to execute an electricity power purchase
agreement for the City with a term not to exceed 10.5 years and total expenditure for
energy not to exceed $57,000,000.00, subject to sufficient future annual budget
appropriations and excluding the costs and taxes stated in Section 2 of this resolution.
Section 2. The total expenditures for energy purchased pursuant to this resolution do not
include gross receipt taxes, transmission costs, or distribution costs.
PASSED AND APPROVED on the gtAk day of VVdr r\ , 2022:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
ATTEST:
Re ecca Huerta
City Secretary
Y OF CORPUS CHRISTI
aulette M. "Guajardo
Mayor
03? -114
SCANNED