2007R46-Lowe's CIED Funds
RESOLUTION NO. 07 -R-46
A RESOLUTION REQUESTING CPS ENERGY TO FUND
AN ELECTRICAL INFRASTRUCTURE PROJECT FOR
LOWE'S.
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 ("ClEO") 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 ClEO Fund; and
WHEREAS, funding in the amount of more than $14,575 is currently available out of the
City of Schertz's allocated portion of the ClEO 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 $14,575 ofthe City's allocated portion of the ClEO Fund to be
utilized for the cost of relocating electric utility poles serving the Lowe's Project.
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 ClEO Funds or directly by the City of Schertz.
PASSED AND APPROVED BY THE City Council on October 16, 007.
ATTEST:
O~n; Secretary