AGENDA CAPTION:
Title
Consider approval of Ordinance 2026-50, on the first of two readings, approving an Asset Purchase Agreement for the sale of certain substation assets to the LCRA Transmission Services Corporation for a price of $16,119,263.00, subject to related closing costs and adjustments; authorizing the City Manager, or her designee, to execute said agreement on behalf of the city; including procedural provisions; and declaring an effective date.
Body
Meeting date: October 7, 2026
Department: Utilities, Ekaterina Fitos, Director - Utilities
Amount & Source of Funding
Funds Required: N/A
Account or Project Number (C = CIP funds): N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
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Background Information:
City of San Marcos Utilities (COSM Utilities) operates a distribution electric system serving approximately 29,000 meters and maintaining more than 425 miles of distribution lines. These lines deliver lowvoltage power from substations to homes, businesses, schools, churches, and other end users. Substations connect the highvoltage transmission network to the distribution system and contain transformers, relays, breakers, switches, feeders, and monitoring equipme...
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