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<br />DAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I February 26,2007 <br /> <br />D Discussion [8Jlnformation DRefer to: <br /> <br />DESCRIPTION: <br /> <br />Update and explanation of the City's participation in CAPP (Cities Aggregation <br />Power Project). <br /> <br />BACKGROUND INFORMATION: <br /> <br />CAPP is a nonprofit political subdivision corporation dedicated to securing electric <br />power at the lowest rate for its members. The corporation has 96 members. Paris <br />has been a member since 2001 and is currently under contract through 2008. The <br />current rate is .08132/kWh which includes administrative costs of .00205/kWh. <br />2005 estimated savings for the City of Paris under this contract were $326,032 or <br />16.31%. <br /> <br />FISCAL AUTHORITY: <br />BUDGETED: Yes Account #: "0308" in all departments. <br />GRANT: Account #: <br />BOND / C 0 Account #: <br />Other: See attached for recommended funding <br /> <br />LEGAL REVIEW: <br />COMMENTS: <br /> <br />MANAGER'S RECOMMENDATION: <br />