Authorize Execution of an Electric Utility Infrastructure Agreement with Oncor Electric Delivery Company, LLC, and Adopt Resolution Approving Dallas/Fort Worth International Airport Board Resolution No. 2007-12-332 Which Approved an Electric Utility Infrastructure Agreement with Oncor Electric Delivery Company for a Term Which Exceeds Forty Years Unless the Dallas/Fort Worth International Airport Board Purchases the Electric Utility Infrastructure System (ALL COUNCIL DISTRICTS)

It is recommended that the City Council authorize the execution of an Electric Utility Infrastructure Agreement with Oncor Electric Delivery Company, LLC, and adopt a Resolution approving Dallas/Fort Worth International Airport Board Resolution No. 2007-12-332 which approved an Electric Utility Infrastructure Agreement with Oncor Delivery Company for a term which exceeds forty years unless the Dallas/Fort Worth International Airport Board purchases the electric utility infrastructure system.

Section 8.C. of the 1968 Contract and Agreement, as amended, between the City of Dallas, Texas, and the City of Fort Worth, Texas, provides that the Dallas/Fort Worth International Airport Board may enter into contracts, leases and other arrangements with any person, association of persons, firms or public or private entities or corporations for terms not exceeding 40 years.

This action by the Fort Worth City Council authorizes the Dallas/Fort Worth International Airport Board to execute a contract with Oncor for a term in excess of 40 years provided that the contract will maintain the right of termination, contingent upon purchase of the infrastructure system, as may be subsequently authorized by the City Council of the City of Fort Worth.