2010R74-Crescent Bend Overhead Line Rerouting Project RESOLUTION NO. 10-R-74
RESOLUTION REQUESTING CPS ENERGY TO FUND AN ELECTRICAL
INFRASTRUCTURE PROJECT
WHEREAS, in 1993, the CPS Energy Board of Trustees adopted a resolution establishing an
Overhead Conversion Fund to finance the conversion of overhead utility lines to underground operations;
WHEREAS, in 1995, the CPS Energy Board of Trustees adopted a resolution providing the
definition of eligible projects;
WHEREAS, on January 19, 2005 the CPS Energy Board of Trustees established the Community
Infrastructure and Economic Development ("LIED") Fund (which is not limited to the purpose of the
Overhead Conversion Fund) and transferred all remaining fiznds from the Overhead Conversion Fund to the
CIED Fund; and
WHEREAS, funding in the amount of more than $6,295.17 is currently available out of the City of
Schertz' allocated portion of the LIED Fund for certain electric utility facilities;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF Schertz,
Texas THAT:
Section 1: The City Council of the City of Schertz (the "City") requests that CPS Energy authorize
and appropriate an estimated amount of $6,295.17 of the City's allocated portion for the Crescent Bend
Overhead Line Rerouting Project in the City.
The estimated amount may differ from actual costs accrued after construction is complete. If the actual cost
exceeds the estimated cost, the difference is the responsibility of the City of Schertz and the balance will be paid
from remaining CIED Funds or directly by the City of Schertz.
Section 2: The City Council requests that the appropriated funds shall be drawn first from fiscal
year 2010 LIED Funds.
PASSED AND APPROVED BY THE City Council on November 23, 2010.
CITY OF S HERT TEXAS
Mayor
ATTEST:
City Secretary