HomeMy WebLinkAboutCity Council Resolutions (R-01-1845)-10/02/2001
RESOLUTION R-01-1845
A RESOLUTION OF THE CITY OF COLLEYVILLE, TEXAS AUTHORIZING THE
MAYOR 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 Colleyville, 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; and
WHEREAS, CAPP has received bids from qualified bidders to serve approximately 70
CAPP members with more than 700 million kWh annually; and
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; and
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; and
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;
and
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
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the Finance Director is hereby charged to confirm that: (a) the
winning bid to supply CAPP's load 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.
Resolution R-01-1845
Page 2 of 2
Sec. 2.
THAT the Mayor 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.
AS IT IS SO RESOLVED.
Passed by a vote of S ayes, 0 nays, and 0 abstentions on this the
4~c;{.. dayof OC~,2001.
ATTEST:
CITY OF COLLEYVILLE:
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Cynthia Singleton, TRMC
City Secretary
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Mayor