HomeMy WebLinkAbout01-1110 09-25-2001RESOLUTION NO. 01 -1110
A RESOLUTION OF THE CITY OF EULESS, TEXAS AUTHORIZING
THE CITY MANAGER OR THE DEPUTY CITY MANAGER TO SIGN AN
ELECTRIC SUPPLY AGREEMENT WITH THE WINNING BIDDER FOR
THE ELECTRIC LOAD OF CITIES AGGREGATION POWER PROJECT,
INC., UPON CONFIRMATION OF ECONOMIC BENEFIT TO THE CITY.
WHEREAS, the City of Euless, Texas ( "City ") is a member of Cities Aggregation
Power Project, Inc. (CAPP), a nonprofit political subdivision corporation dedicated to
securing electric power for its members in the competitive retail electric market effective
January 1, 2002;
WHEREAS, CAPP has received bids from qualified bidders to serve
approximately 70 CAPP members more than 700 million kwh annually;
WHEREAS, CAPP has the expectation of negotiating with one or two bid finalists
while simultaneously working with a designated representative from each member City
to establish and maximize economic benefit;
WHEREAS, CAPP has provided a window of opportunity for its member cities to
confirm that the winning bid provides economic advantage to each member when the
pricing and terms of the winning bid are compared to perpetuation of service from the
affiliated provider of the incumbent utility with price to beat rates and independent
economic advantage with regard to the pricing of large non -price to beat accounts;
WHEREAS, it is necessary for the City to act expeditiously within the period
between the announcement of the winning bid and the signing of power contracts;
WHEREAS, it is necessary for the City to have a contract for the supply of
electricity in the new competitive environment.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS:
SECTION 1
That the City Manager or Deputy City Manager is hereby charged to confirm that:
(a) the winning bid to supply CAPP'S Toad will economically benefit the City when
measured against service from the affiliated REP of the incumbent utility; and (b) to
work with CAPP in the finalization of the contracting process and commitment of
specific electric accounts of the City to the aggregated load.
SECTION 2
That City Manager Joe Hennig or Deputy City Manager Gary McKamie is
authorized to sign the necessary power supply contracts or agreements ratifying the
City's participation in CAPP after confirming economic benefit to the City.
ADOPTED at a regular meeting of the Euless City Council on the 25th day of
September, 2001, by a vote of 5 ayes, 0 nays, and 0 abstentions.
APPROVED:
izUu-
Mary Lib S
ATTEST:
AllittgeZer: -.01!
san Cnm, ' MC, City Secretary
Resolution No. 01 -1110, Page 2 of 2