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Submittal Date: <br />2-1-11 <br />Council Date: <br />I i n_i t <br />Finance <br />Gene Anderson <br />19. <br />RECOMMENDED MOTION: <br />Motion to approve a resolution authorizing the Texas Coalition for Affordable Power (TCAP) to negotiate an <br />extension to the current electric su 1 and related services a reement with Next Era. <br />POLICY ISSUE(S): <br />Fiscal management. <br />Please see the attached detailed staff report. <br />BOARD/COMMISSION RECOMMENDATION: <br />None <br />EXHIBITS: <br />Resolution, staff report, list of TCAP cities including contract extension information. <br />BUDGET INFO: <br />ACTION: <br />Financial Report <br />❑ Minute Order <br />Expense <br />$NA <br />~ Department Report <br />E] Resolution <br />Budgeted Amt. <br />$NA <br />❑ Presentation <br />❑ Ordinance <br />y'rD Actual <br />$NA <br />F] Public Hearing <br />❑ Other <br />Acct. Name <br />NA <br />Acct. Number <br />NA <br />FISCAL NOTES: <br />the contract extension would provi e <br />Besides an immediate savings of approximately $175,000 per year, <br />long term budget stability and predictability for a major city ex ense ($1,946,922 budgeted in 2010-11). <br />urv►FwFn ANn APPROVED BY: <br />z Administration <br />❑ Municipal Court <br />Z City Clerk ❑ Community Development <br />Z Legal ❑ Library ❑ Police <br />❑ EMS/IT <br />❑ Eng./Public Works <br />~ Finance ❑ Fire <br />❑ Utilities <br />Revised 2/04/08 <br />CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />FAjnda eItem No.: <br />Originating Department: Presented By: <br />City of Paris 14 5 <br />