21-E CAPP Electric Supply Agr - Laserfiche WebLink

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WHEREAS, wholesale suppliers demand assurance that CAPP will pay for all contracted load; and WHEREAS, the City of Paris needs to assure CAPP that it will budget for energy purchases in 2005 and honor its commitments to purchase power for its electrical needs in 2005 through CAPP; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the CAPP Board and its consultants and advisors will evaluate for the City wholesale power supply contract options for 2005 as compared to a retail electric delivery contract for 2005 and, if feasible, 2006. Section 3. That the City will execute a contract with CAPP that permits the CAPP Board and its consultants and advisors to negotiate and sign the 2005 electric power agreement for the City's electricity needs as a member of CAPP and commits its 20051oad pursuant to the contract recommended and approved by the CAPP Board of Directors. Section 4. That the City will budget and approve funds necessary to pay electricity costs proportionate to the City's load under the supply agreement (whether wholesale or retail) arranged by CAPP. Section 5. That a copy of this resolution shall be sent to Mary Bunkley with the City Attorney's Office in Arlington and Geoffrey M. Gay, legal counsel to CAPP. Section 6. That this resolution shall be effective from and after its date of passage. PASSED AND APPROVED this 9th day of September, 2004. Curtis Fendley, Mayor ATTEST: Sherian Dixon, Assistant City Clerk APPROVED AS TO FORM: Larry W. Schenk, City Attorney