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Res 040-89 3/21/1989RESOLUTION NO. RESOLUTION REQUESTING THE STATE PUBLIC UTILITY COMMISSION TO GIVE CONSIDERATION TO THE MERITS OF SOUTHWESTERN BELL'S "TEXAS FIRST" PLAN WHEREAS, the City of Wichita Falls recognizes that the telecommunications industry will play a leading role in the economic competitiveness of business and industry throughout the state; and WHEREAS, the City of Wichita Falls supports and encourages aggressive and innovative approaches to spurring economic development; and WHEREAS, Southwestern Bell Telephone Company has presented its "Texas First" proposal to the Texas Public Utility Commission; and WHEREAS, the "Texas First" plan promises to offer certain financial and economic benefits to citizens and businesses in the state such as deferring potential increases to basic local residence and business telephone service for a period of five years and accelerating modernization of telecommunication equipment; and WHEREAS, in return for its investment, and risk, Southwestern Bell is seeking a flexible range in its rate of return as determined by the Texas Public Utility Commission; and WHEREAS, the "Texas First" proposal is included in the Public Utility Commission's Docket 8585 to address Southwestern Bell Telephone earnings levels; and WHEREAS, the City of Wichita Falls is confident that the Public Utility Commission will act responsibly and in the public's best long term interests. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The City Council of the City of Wichita Falls requests that the Texas Public Utility Commission give consideration to any merits of the "Texas First" plan which will promote economic development in the state and provide the maximum possible benefits to Texas residents. PASSED AND APPROVED this the 21st day of March, 1989. ATTEST: City Clerk • W. •