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<br />DAction <br /> <br />CITY OF PARIS, TEXAS <br />CITY COUNCIL AGENDA REQUEST <br />MEETING DATE: I August 13, 2007 <br /> <br />o Discussion ~Information 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. 2006 <br />estimated savings for the City of Paris under this contract were $347,546 or <br />11.93% ($326,032 in 2005-16.31%) based on calculations by R. J. Covington <br />Consulting, LLC who is a consultant employed by CAPPo Savings in 2006 were <br />impacted by Hurricanes Dennis, Katrina, and Rita which altered normal energy <br />prices in 2006. <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 />