Meeting Time: November 16, 2021 at 2:00pm CST
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Agenda Item

J. ID 21-2472 Consider adoption of an ordinance of the City Council of the City of Denton ("Denton") providing for, authorizing, and approving the execution by the city manager of a first amendment to the Power Purchase Agreement ("PPA") between Denton and Delilah Solar Energy LLC, a Delaware limited liability company ("Delilah"), the successor in interest to Samson Solar Energy LLC; approving the execution of such other and further related documents deemed necessary to effectuate the transactions contemplated under the first amendment to the PPA by the city manager which are incident to or related to the first amendment to the PPA; finding that texas local government code §552.022(a)(15) applies to such amendment to the PPA and excepts the procurement of electricity from the requriements of competitive bidding; finding that the purchase of capacity and energy made by Denton under the terms of the first amendment to the PPA are in the public welfare; authorizing the expenditure of funds; determining that specific information contained in documents involved in this transaction pertain to a "competitive electric matter" as set forth under the provisions of §§551.086 and 553.133 of the Texas government code; allowing the public to inspect and reproduce the PPA as redacted; and providing an effective date.