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<br />WHEREAS, the City of Paris needs to assure CAPP that it will budget for energy purchases in 2007 <br />and 2008 and honor its commitments to purchase power for its electrical needs in 2007 and 2008 through <br />CAPP; NOW THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the CAPP Board and its consultants and advisors will evaluate for the City <br />wholesale power supply contract options for 2007 and 2008 as compared to a retail electric delivery contract <br />for 2007 and, if feasible, 2008. <br /> <br />Section 3. That the City will execute a contract with CAPP that permits the CAPP Board and its <br />consultants and advisors to negotiate and sign the 2007 and 2008 electric power agreement for the City's <br />electricity needs as a member of CAPP and commits its 2007 and 2008 load pursuant to the contract <br />recommended and approved by the CAPP Board of Directors. <br /> <br />Section 4. That the City will budget and approve funds necessary to pay electricity costs <br />proportionate to the City's load under the supply agreement (whether wholesale or retail) arranged by CAPP <br />and signed by the Chairman of CAPP for the City. <br /> <br />Section 5. That a copy of this resolution shall be sent to Mary Bunkley with the City Attorney's <br />Office in Arlington and Geoffrey M. Gay, legal counsel to CAPPo <br /> <br />Section 6. That this resolution shall be effective from and after its date of passage. <br /> <br />PASSED AND APPROVED this 22nd day of May, 2006. <br /> <br />w~ <br /> <br />, Mayor <br /> <br />ATTEST: <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />;-fl.~ <br /> <br />D. Lestock, Assistant City Attorney <br />