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10-01-18-Resolution-Transfer of Electric Service to CoServ in Quail Run, Lakeridge and Borland subdivisions-10/01/2018RESOLUTION NO. 10-01-18 A RESOLUTION OF THE CITY OF SANGER, TEXAS ACKNOWLEDGING THE TRANSFER OF ELECTRIC SERVICE FROM THE CITY OF SANGER TO COSERV ELECTRIC FOR CERTAIN HOMES WITHIN THE QUAIL RUN, LAKERIDGE, SOUTHWEST AND BOURLAND SUBDIVISIONS; AUTHORIZING THE CITY MANAGER TO EXECUTE A BILL OF SALE BETWEEN THE CITY OF SANGER AND COSERV ELECTRIC FOR CERTAIN FACILITIES RELATED TO SAID TRANSFER OF SERVICES; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, all electric utilities in Texas, including electric cooperatives and city -owned electric utilities, are authorized by the Public Utility Commission of Texas (PUC) to install electric infrastructure only within certain certified service territories for provision of electric service to retail electric consumers; WHEREAS, the City of Sanger and CoSery Electric both have designated electric service territories certified by the PUC; WHEREAS, the City of Sanger and CoSery Electric recently discovered that the City of Sanger has unintentionally installed infrastructure and provided electric service to consumers within portions of CoServ's certified service territory, specifically to certain homes located within the Quail Run, Lakeridge, Southwest and Bourland subdivisions as depicted in Exhibit A; WHEREAS, the City of Sanger and CoSery Electric have agreed to remedy this situation and transfer the electric service for said properties from the City of Sanger to CoSery Electric; and WHEREAS, CoSery Electric has agreed to purchase from the City of Sanger certain existing facilities located in the affected territories at a reasonable value (cost less depreciation). NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF SANGER, TEXAS: Section 1 That it is hereby acknowledged that the transfer of electric service from the City of Sanger to CoSery Electric for certain homes within the Quail Run, Lakeridge, Southwest and Bourland subdivisions is made in accordance with the City's certificated service area. Section 2 That the City Manager is hereby authorized to execute a Bill of Sale between the City of Sanger and CoSery Electric for certain existing facilities located in the affected territories at a reasonable value of approximately $127,717. E Resolution No. 10-01-18 Section 3 That this Resolution shall become effective immediately from and after its passage. DULY RESOLVED AND ADOPTED by the City Council of the City of Sanger, Texas on this 1 sc day of October 2018. ATTEST: her rice, City Secretary APPROVED AS TO FORM: �,�►�N���O"FOVA CITY OF SANGER, TEXAS Z X AS ..its%" Kobert L. llillard 111, Carty Attorney E. Muir, or 2 n6E33�6� 05 S E�oSg:; sE o�`a�Y�$ii3E ae