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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />12-11-2008 <br />Council Date: <br />Finance <br />Gene Anderson <br />5. <br />12-15-2008 <br />RECOMMENDED MOTION: <br />Deliberate and act on an ordinance approving a long term electric power contract with <br />Cities Aggregation Power Project, Inc. for electrical capacity and energy. <br />POLICY ISSUE(S): <br />Fiscal Management. <br />See attached staff report. <br />BOARD/COMMISSION RECOMMENDATION: <br />NONE <br />EXHIBITS: <br />Staff report, ordinance, energy sales contract, power purchase agreement, memo on risks and other <br />considerations. <br />ACTION: ' <br />BUDGET INFO: <br />[--j Financial Report ❑ Minute Order <br />Expense <br />$NA <br />❑ Department Report ❑ Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation E] Ordinance <br />Y7'D Actual <br />$NA <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />None <br />REVIEWED AND APPROVED BY: <br />❑ Administration City Clerk ❑ Community Development ❑ EMS/IT ~ Finance ❑ Fire <br />❑ Municipal Court ❑ Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris VA 0 1) 0 0 1 Revised 2/04/08 <br />