Title
Resolution - Approval of Authorization of Funds to Negotiate and Purchase Real Property for Substation Expansion in Williamson County - P Lochte
Other Info
Submitted By: Paul Lochte
Department: Engineering
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
The Cooperative authorized the purchase of real property located in Williamson County, Texas (the “Property”) in December 2017. The Property is approximately 1.2 acres and is contemplated for use as a substation. The Board will consider additional terms for the purchase of the Property.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Cooperative approve the purchase of real property on the terms as discussed by the Board during Executive Session of this meeting and subject to all other requirements of its prior resolution regarding the real property; and
BE IT FURTHER RESOLVED, that the Chief Executive Officer or her designee is authorized to take such actions as needed to implement this resolution.