03 City Council Mtg Min 12-12-05

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Regular City Council Meeting December 12,2005 Page 10 REPEALING ALL ORDINANCES ORP ARTS OF ORDINANCES IN CONFLICT HEREWITH; AND DECLARING AN EFFECTIVE DATE. A Motion to approve this item was made by Council Member Wilson and seconded by Council Member Fisher. Motion carried, 5 ayes - 0 nays. Council took a break at 7:35 p.m. and reconvened at 7:45 p.m. 7. Consideration of and action on the following resolutions: A. RESOLUTION NO. 2005-143: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING CITIES AGGREGATION POWER PROJECT'S LETTER OF INTENT TO ENTER INTO NEGOTIATIONS FOR A CAPACITY CONTRACT WITH THE OWNER OF COAL (INCLUDING TEXAS LIGNITE) GENERATION TO SUPPLY THE BASE LOAD ELECTRIC POWER NEEDS (APPROXIMA TEL Y 55%-60% OF TOTAL ENERGY NEEDS) FOR CAPP MEMBERS OVER A 10- YEAR PERIOD; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. Gene Anderson explained this item was the result of increased electrical costs over the last couple of years. He said natural gas was the most expensive way to generate electricity. Gene told Council if we were not in CAPP, our rates would be almost 50% higher than what they are. CAPP is asking for the endorsement of the concept to negotiate a deal with a coal based generating plant, to buy capacity in that plant for a fixed period. If CAPP is able to negotiate a deal, we will come back to the Council with a contract that would be binding. A Motion to approve this item was made by Council Member Wilson and seconded by Council Member Ray. Motion carried, 5 ayes - 0 nays. B. RESOLUTION NO. 2005-144: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS, ESTABLISHING GUIDELINES AND CRITERIA GOVERNING T AX ABATEMENT INCENTIVES WITHIN THE CITY OF PARIS AND ITS EXTRATERRITORIAL JURISDICTION; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. ""...