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HomeMy WebLinkAboutResolution 2001-053 RESOLUTION No. 2001- 053 A RESOLUTION OF THE CITY OF NORTH RICHLAND HILLS, 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 North Richland Hills, 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 several qualified bidders to serve approximately 70 CAPP members more than 730 million kWh annually; WHEREAS, CAPP has the expectation of negotiating with one or two bid finalists during September 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; WHEREAS, it is necessary for the City to act expeditiously within the several week 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 NORTH RICHLAND HILLS, TEXAS: Section 1 That Greg Vick is hereby charged to confirm that 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 under price to beat rates and 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 Mayor Charles Scoma 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 this 10th day of September 2001. APPROVED: \\" "'" \,\\\ dJ"1.t ~",~--, "'~. +'{~.::-~\:""., ~A:-. /n~ '-", \. :...:.~^:.4' ''',.:', f~f r "\'-i ~JEST: h:ff '.., """f, 0..' ~ . ---^<.... '" Y I J /j/"/¡ j" ,. ~-- '.-' Patricia Hutson, City Secretary I. i' i; . ..1."7 ..J[C.c::L')....... APPROVED AS TO CONTENT: , ~~~ \ ./ . ~ Mli "--. Lc /"-... Greg Vic, naglng Director of Community Services and Facilities APPROVED AS TO FORM AND LEGALITY: r ( ! Ii ¡~ l It i i~ I ('--~., /.. [! .'" / t ~'lLL" ~ex McEntire, City Attorney