2011-R-19 CPS CIED Crescent Bend Nature ParkRESOLUTION NO. 11-R-19
RESOLUTION REQUESTING CPS ENERGY TO FUND AN ELECTRICAL
INFRASTRUCTURE PROJECT
WHEREAS, in 1993, the CPS Energy Board of Trustees adopted a resolutian
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 Canversion Fund) and transfei7•ed all remaining funds from the
Overhead Conversion Fund to the CIED Fund; and
WHEREAS, funding in the amount of more than $22,163 is currently available out of the
City of Schertz' allocated portion of the CIED Fund for certain electric utility facilities;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SCHERTZ, TEXAS THAT:
Sectian 1: The City Council of the City of Schertz (the "City") requests that CPS Energy
authorize and appropriate an estimated amount of $22,163 of the City's allocated portion for the
Crescent Bend Nature Park electric conversion project in the City.
The estimated amount may differ fiom actual costs accrued after construction is
complete. If the actual cast exceeds the estimated cost, the difference is the responsibility of the
City of Schertz and the balance will be paid fiom remaining CIED Funds or directly by the City
of Schertz.
Sectian 2: The City Council requests that the appropriated funds shall be drawn first from
fiscal year 2010 CIED Funds.
PASSED AND APPROVED BY THE City Council on March 22, 2011.
CITY OF SC RTZ ERAS
M yor
ATTEST:
r
City Secretary
50410904.1