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articles of incorporation and bylaws for CAPP and authorizes the City to join CAPP as a member city. <br /> <br />COST: The cost to the City of Paris will be one-half of one percent of the total cost of the City's <br />electric power bill for year 2000; the City's electric power costs for year 2000 were $1,477,368.54, <br />so the City's estimated fee to participate in CAPP would be $7,386.84. <br /> <br />RECOMMENDED ACTION: Consider approval of the proposed resolution which would in turn <br />approve the articles of incorporation and bylaws of CAPP and authorize the City of Paris to pay the <br />necessary entry fee and be a participant in the city consortium. <br /> <br />STAFF CONTACT: Larry W. Schenk, City Attorney <br /> <br />SCHEDULE: Approval by the City of Paris is recommended at this point to allow the City to be a <br />full scale participant in the activities and information leading up to deregulation on January 1, 2002. <br /> <br />COUNCIL DATE: Consider for approval at City Council's March 26, 2001, special Council <br />meeting. <br /> <br />ADDITIONAL MATERIALS: See enclosed resolution and attached Articles of Incorporation and <br />Bylaws of the CAPP project. Also enclosed is additional information provided by the consortium of <br />cities. <br /> <br /> <br />