HomeMy WebLinkAboutORD 2020-03 - Risk Management PolicyORDINANCE NO.
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS AMENDING CHAPTER 13.38 TO THE
CODE OF ORDINANCES OF THE CITY OF GEORGETOWN
RELATING TO THE RISK MANAGEMENT POLICY;
REPEALING CONFLICTING ORDINANCES AND
RESOLUTIONS; INCLUDING A SEVERABILITY CLAUSE; AND
ESTABLISHING AN EFFECTIVE DATE.
WHEREAS, the City has determined that amending the Code of Ordinances
facilitates greater transparency by reflecting current practices and business needs; and
WHEREAS, the City has identified amendments to the risk management policy
to better manage energy risk; and
WHEREAS, the City finds that amending the energy risk management policy
will enhance the City's ability to provide economic and reliable service to its customers.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF GEORGETOWN, TEXAS, THAT:
Section 1. The meeting at which this ordinance was approved was in all things
conducted in compliance with the Texas Open Meetings Act, Texas Government Code,
Chapter 551.
Section 2. The facts and recitations contained in the preamble of this ordinance
are hereby found and declared to be true and correct and are incorporated by reference
herein and expressly made a part hereof, as if copied verbatim.
Section 3. Chapter 13.38 of the Code of Ordinances of the City of Georgetown,
is hereby amended as shown below:
CHAPTER 13.38. - RISK MANAGEMENT POLICY
Sec. 13.38.010. —Purpose
The City of Georgetown and Georgetown Electric Utility are exposed to
the risks associated with purchased power. These risks are collectively
called Energy Risk. Energy Risk can have a significant impact on the
overall financial performance of Georgetown Electric Utility and the City
of Georgetown and affect the ability to provide economic and reliable
service to its customers. The adoption of an Energy Risk Management
Risk Policy that outlines a planned and pro -active approach to managing
energy risk is necessary to ensure that the energy risk exposures are
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Ordinance Number: Z.O-Zb - 6'3 Page 1 of 2
Description: Amending Ch. 13.38 — Risk Management Policy
Date Approved
property identified, managed and reported on a pro -active and consistent
basis.
Sec. 13.38.020. — Adoption of Electric Risk Management Policy and Procedures.
The City Council of the City of Georgetown shall adopt by Resolution and
periodically review an Electric Risk Management Policy. The City
Manager of the City of Georgetown shall adopt and implement Energy
Risk Management Procedures pursuant to the Electric Risk Management
Policy.
Section 4. If any provision of this ordinance or application thereof to any person
or circumstance shall be held invalid, such invalidity shall not affect the other provisions,
or application thereof, of this ordinance which can be given effect without the invalid
provision or application, and to this end the provisions of this ordinance are hereby
declared to be severable.
Section 5. That all ordinances that are in conflict with the provisions of this
ordinance be, and the same are hereby, repealed and all other ordinances of the City not
in conflict with the provisions of this ordinance shall remain in full force and effect.
Section 6. The Mayor is hereby authorized to sign this ordinance and the City
Secretary to attest. This Ordinance shall become effective and be in full force and effect
ten (10) days on and after publication in accordance with the provisions of the Charter of
the City of Georgetown.
PASSED AND APPROVED on First Reading on the LA --ay of December, 2019.
PASSED AND APPROVED on Second Reading on the L day of January, 2020.
THE CITY OF GEORGETOWN:
By-- (?64,1
Dale Ross, Mayor
ATTEST:
l
Robyn Ilensmore, City Secretary
APPROVED AS TO FORM:
.01 Charlie McNabb, City Attorney
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Ordinance Number: Z>L>7-0 — Q?2 Page 2 of 2
Description: Ame ding Ch. 13.38 — Risk Management Policy
Date Approved o