R-2017-4488 - 6/8/2017 RESOLUTION NO. R-2017-4488
WHEREAS, in order for the City to timely execute an electric power supply contract
with a Retail Electric Provider (REP) to obtain the best price in the volatile energy market, this
Resolution authorizes the Mayor to execute one or more power supply contracts during the
current fiscal year to purchase power from a Retail Electric Provider, provided the terms of this
Resolution are complied with,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
Section 1: During the current fiscal year, the Mayor may execute, on behalf of the City,
one or more contracts to purchase power between the City and a Retail Electric Provider in
accordance with the terms of this Resolution.
Section 2: The Mayor may only execute an electric power supply contract ("Contract")
with an REP in the event the following conditions are strictly complied with:
(i) the term of the Contract is no less than six (6) months and no more than three (3)
years;
(ii) the price per kilowatt-hour KWH shall be competitive, considering the terms of
the Houston Galveston Area Council of Governments ("HGAC") negotiated
Contract;
(iii) the REP recommended by CGP Solutions was selected in a competitive process in
which the recommended REP offers the "Best Value" Contract to the City when
considering the following factors:
(a) price per KWH;
(b) the amount, if any, of premiums to be paid by the City for using either less
or more electrical power than its historic demand data; and
(c) ability to provide detailed, consolidated billing for the City.
Section 3: This Resolution shall take effect upon adoption.
0112.1704;00379050/ss2
The City Council hereby finds and declares that written notice of the date, hour, place
and subject of the meeting at which this Resolution was adopted was posted and that such
meeting was open to the public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted upon, all as required by
the Open Meetings Act, Chapter 551, Texas Government Code, as amended.
RESOLVED this 8th day of June, 2017.
— 4 M z
CRAIG MftGAN, or
City of R and Rock, exas
ATTEST:
SOP
SARA L. WHITE, City Clerk
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