After determining in Open Session that a quorum is present, the City Council and Public Utilities Board of the City of Denton, Texas will convene in a Closed Meeting on Monday, June 2, 2014 at 11:30 a.m. in the DME Engineering and Operations Conference Room, 1685 Spencer Road, Denton, Texas at which the following items will be considered:
B. ID 14-0173 Certain Public Power Utilities: Competitive Matters - Under Texas Government Code, Section 551.086
Receive a briefing and information from Denton Municipal Electric ("DME") pertaining to certain competitive public power and financial issues regarding, and discuss pertaining to: (1) the City's 21.3% ownership interest in Texas Municipal Power Agency ("TMPA"), the indebtedness due thereon, related planning and strategic issues regarding such ownership interest; (2) projections of future improvements to the generation requirements and probable resources of the DME System; (3) opportunities and strategies relating to selecting and acquiring ownership of future generation resources for the City in the foreseeable future; (4) discuss and deliberate opportunities and strategies for the City to acquire energy supplies to provide for its peak load by entering into certain agreements regarding the purchase of energy and ancillary services by its DME - Energy Risk Management Organization, in order to meet the future energy needs of the City; and discuss, deliberate, and provide Staff with direction regarding such matters.
ANY FINAL ACTION, DECISION, OR VOTE ON A MATTER DELIBERATED IN A CLOSED MEETING WILL ONLY BE TAKEN IN AN OPEN MEETING THAT IS HELD IN COMPLIANCE WITH TEXAS GOVERNMENT CODE, CHAPTER 551, EXCEPT TO THE EXTENT SUCH FINAL ACTION, DECISION, OR VOTE IS TAKEN IN THE CLOSED MEETING IN ACCORDANCE WITH THE PROVISIONS OF §551.086 OF THE TEXAS GOVERNMENT CODE (THE 'PUBLIC POWER EXCEPTION'). THE CITY COUNCIL RESERVES THE RIGHT TO ADJOURN INTO A CLOSED MEETING OR EXECUTIVE SESSION AS AUTHORIZED BY TEX. GOV'T. CODE, §551.001, ET SEQ. (THE TEXAS OPEN MEETINGS ACT) ON ANY ITEM ON ITS OPEN MEETING AGENDA OR TO RECONVENE IN A CONTINUATION OF THE CLOSED MEETING ON THE CLOSED MEETING ITEMS NOTED ABOVE, IN ACCORDANCE WITH THE TEXAS OPEN MEETINGS ACT, INCLUDING, WITHOUT LIMITATION §551.071-551.086 OF THE TEXAS OPEN MEETINGS ACT.
C E R T I F I C A T E
I certify that the above notice of meeting was posted on the bulletin board at the City Hall of the City of Denton, Texas, on the ________day of ___________________, 2014 at ________o'clock (a.m.) (p.m.)
NOTE: THE CITY OF DENTON DME ENGINEERING AND OPERATIONS CENTER IS ACCESSIBLE IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT. THE CITY WILL PROVIDE SIGN LANGUAGE INTERPRETERS FOR THE HEARING IMPAIRED IF REQUESTED AT LEAST 48 HOURS IN ADVANCE OF THE SCHEDULED MEETING. PLEASE CALL THE CITY SECRETARY'S OFFICE AT 349-8309 OR USE TELECOMMUNICATIONS DEVICES FOR THE DEAF (TDD) BY CALLING 1-800-RELAY-TX SO THAT A SIGN LANGUAGE INTERPRETER CAN BE SCHEDULED THROUGH THE CITY SECRETARY'S OFFICE.