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Regular Council Meeting June 14, 2021 Page 5 Council Members echoed Council Member Savage's praise of Russell Thrasher. Mayor Portugal also complimented Mr. Path for instilling teamwork in the City departments. A Motion to approve this item was made by Council Member Savage and seconded by Council Member Pilgrim. Motion carried, 7 ayes — 0 nays. 12. Discuss and take any necessary action regarding the Non -Profit Organization Contracting Policy in preparation for receiving and reviewing applications at a future meeting. Mr. Path said in February City Council passed a new policy for the purpose of accepting, reviewing and contracting with non-profit organizations, which included the City Council would make the decision as to the amounts that would be permitted for each organization. Mr. Path also said all of the organizations were worthy but the City only had a certain amount of funds. City Attorney Stephanie Harris said they had received twelve applications. Mr. Path inquired of City Council wanted to conduct a special meeting to conduct receive presentations from the non- profit organizations and limit presentations to five minutes. Mayor Portugal favored a special meeting, citing the presentations would add an extra hour to a regular meeting. It was a consensus of the City Council to call a special meeting in July or August. Mayor Portugal asked that Grayson and Janice work together in scheduling a special meeting once she and Ms. Harris had completed their parts. 13. Discuss and act on the GEXA Energy Invoice of $450,005.34 for additional ancillary charges from the February 2021 Winter Storm. Mr. Path said these were ongoing costs from the February winter storm due and these expenses were not budgeted. He explained that normally prices were in the $30-$40/MWh range, but prices soared to $25,000/MWh. He also said this was a typical supply and demand situation where entities were able to make a massive profit knowing that power was in demand and unfortunately, this comes at the expense of the tax payers. Mr. Path said that the TCAP had been attempting to convince the Legislature to go back and reprice the power that was sold during the storm but there had been no willingness by the Governor or Legislature to pass nay of the various bills. Mr. Path explained this was an official bill that must be paid. He outlined the options as 1) _pay the full amount of $450,005.34 upfront; 2) pay a monthly charge of $24,224.65 from June 20201 through December 2022 with a 2.25 interest rate; 3) pay a monthly charge of $6,763.48 from June 2021 through December 2028 with an 8.7% interest rate. Mr. Path recommended paying the full amount of $450,005.34 upfront using the former CARES Funding. City Council favored the idea of paying the full amount upfront using the former CARES Funding. A Motion to pay the full amount of $450,005.34 upfront using the former CARES Funding was made by Council Member Pankaj and seconded by Council Member Knox. Motion carried, 7 ayes — 0 nays. 14. Discuss and approve termination of the Airport Management Agreement and FBO Agreement, purchasing the FBO Agreement from JR Aviation for a total of $89,000.00 plus the cost for the fuel of about $30,000.00 (TBD), hire a full-time employee to become