File #: ID 24-266    Version: 1 Name:
Type: Ordinance
File created: 2/2/2024 In control: City Council
On agenda: 4/2/2024 Final action:
Title: Consider adoption of an ordinance establishing the City of Denton Utility System Nodal Market Revenue Financing Program and authorizing Utility System Nodal Market Revenues Notes, Taxable Series A, in a maximum aggregate principal amount not to exceed sixty million five thousand dollars ($60,005,000) to satisfy ERCOT financial security requirements; and providing an effective date. The Public Utilities Board recommends approval (5-0).
Attachments: 1. Exhibit 1 - Agenda Information Sheet, 2. Exhibit 2 - Ordinance, 3. Exhibit 3 - Presentation

AGENDA CAPTION

Title

Consider adoption of an ordinance establishing the City of Denton Utility System Nodal Market Revenue Financing Program and authorizing Utility System Nodal Market Revenues Notes, Taxable Series A, in a maximum aggregate principal amount not to exceed sixty million five thousand dollars ($60,005,000) to satisfy ERCOT financial security requirements; and providing an effective date. The Public Utilities Board recommends approval (5-0).

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