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WHEREAS, experiences in contracting for CAPP load since 2002 demonstrated that <br />providers demand immediate response to an offer and may penalize delay with higher <br />prices; and <br />WHEREAS, aggregated rates contracted during favorable pricing periods are likely <br />to be lower than prices obtained by the City contracting individually during the same time <br />period; and <br />WHEREAS, suppliers demand assurance that CAPP will pay for all contracted load; <br />and <br />WHEREAS, the City must assure CAPP that it will budget for energy purchases and <br />honor its commitments to purchase power for its electrical needs through CAPP for the <br />period beginning January 1, 2009 and extending through December 31, 2013; and <br />WHEREAS, CAPP intends to continue to contract with both FPL Energy (power <br />supply) and Direct Energy (billing, administrative and other customer services); and <br />WHEREAS, the current contractual relationships between CAPP and FPL Energy <br />and Direct Energy have been beneficial and cost effective for CAPP members and the City. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby in <br />all things approved. <br />Section 2. That the CAPP Board and its consultants and advisors are agents <br />authorized to negotiate for the City's electricity needs as a member of CAPP for a term to <br />begin January 1, 2009 and extending up to December 31, 2013. <br />Section 3. That the City approves CAPP contracting with FPL Energy and Direct <br />Energy for the supply of electric power and related, necessary services for the City for a <br />term to begin January 1, 2009 and extending up to December 31, 2013. <br />Section 4. That the City Manager be, and he is hereby authorized and directed to <br />execute on behalf of the City of Paris a contract with CAPP that permits the Chairman of <br />CAPP to sign a Commercial Electric Service Agreement ("CESA") for the City's electricity <br />needs and related, necessary services beginning January 1, 2009 and extending up to <br />December 31, 2013, as a member of CAPP and commits its load for the same period <br />pursuant to the contract recommended and approved by the CAPP Board of Directors. <br />Section 5. That the City will budget and approve funds necessary to pay electricity <br />costs proportionate to the City's load under the supply agreement arranged by CAPP and <br />. U0006 i <br />