2007R13-CPS Funds
07-R-13
RESOLUTION NO.
A 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 ("CIED") Fund (which is not limited to
the purposes of the Overhead Conversion Fund) and transferred all remaining funds from the
Overhead Conversion Fund to the CIED Fund; and
WHEREAS, funding in the amount of more than $5,425.87 is currently available out of
the City of Schertz's allocated portion ofthe CIED Fund for certain electric utility facilities;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SCHERTZ THAT:
Section 1. The City Council of the City of Schertz (the "City") requests that CPS
Energy authorize and appropriate $5,425.87 of the City's allocated portion of the CIED Fund to
be utilized for a portion of the cost of steel electric utility poles serving the Northeast comer of
Tri-County Parkway and Corridor Parkway in the City.
Section 2. The City Council requests that the appropriated funds shall be drawn first
from year 2005 CIED funds, next from 2006 CIED funds, and thereafter from CIED funds
available from deposits accumulated in the City's CIED funds prior to January 31, 2005.
PASSED AND APPROVED BY THE City Council on April 17, 2007.
CITY~ SjRTZ, TEXAS
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al Baldwin, Mayor
ATTEST:
~
, City Secretary
20192398.1