HomeMy WebLinkAboutRESOLUTIONS-2010-059-R-1010/27/10
59-R-10
A RESOLUTION
Authorizing the City Manager to Execute Amendment 2
to the City's Natural Gas Supply Agreement
with CenterPoint Energy Services, Inc.
WHEREAS, the City of Evanston executed a natural gas supply
agreement (the "Agreement") with CenterPoint Energy and further executed an
Amendment 1 thereto on October 25, 2010; and
WHEREAS, the City Council finds that the best interests of the City
of Evanston and its residents will be served by executing Amendment 2 to the
Agreement, thereby securing a fixed price for natural gas.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: That the City Manager is hereby authorized and
directed to sign, and the City Clerk authorized and directed to attest, on behalf of
the City of Evanston, the Amendment 2 to the Agreement, marked as -Exhibit A,
attached hereto and made a part hereof.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, AS FOLLOWS:
SECTION 1: That the City Manager is hereby authorized to sign
and the City Clerk hereby authorized to attest to the Amendment 2 to the
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59-R-10
Agreement with CenterPoint Energy attached hereto as Exhibit A and
incorporated herein by reference.
SECTION 2: That the City Manager is hereby authorized and
directed to negotiate any additional conditions of the Amendment 2 to the
Agreement as may be determined to be in the best interests of the City and in a
form approved by the Corporation Counsel.
SECTION 3: That this Resolution shall be in full force and effect
from and after its passage, approval, and publication in the manner provided
by law.
Eliz eth B. Tisdahl, Mayor
Attest:
Rodney Greep6, City Clerk �-
Adopted UJ4,11'1ht r AD, , 2010
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EXHIBIT A
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AMENDMENT 2 TO THE AGREEMENT
VI —*PRICE AND BILLING
The Parties agree to further amend Article VI, ("Price,and Billing")' of the Agreement, as
amended by Amendment 1 on Octobet25, 2010, pursuant to this Amendment 2 as follows. The
Buyers gas price shall be established as set forth in the Citygate Purchase Authorization Exhibit
attached to this Amendment 2. This price shall be effective through April 30, 2011.
CENTERPO RGY SERVICES, INC,
By:
Dated: /�
CITY OF EVANSTON
By:
Dated;
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CenterPoint
• Energy
CITYGATE PURCHASE AUTHORIZATION EXHIBIT
ENERGY SERVICE AGREEMENT (No.2007406)
Company Name: City of Evanston
Fax Number or E-mail Address: DStoneback@cityofevanston.org
Natural Gas Citygate price of $.490 per therm for the term January 2011 through April 2011. Monthly
volumes shall be as listed below and shall be confirmed in writing by Seller upon purchase. Purchase
will become binding unless factually disputed in writing within 1 business day of receipt.
Month
Volumes Month Volumes
I
(therms) (therms)
II
January 2011
71,250
February 2011
65,250 I I
March 2011
57,750
April 2011
I
33,750 I I I
II I
This Exhibit amends and is attached to Buyer's current Energy Service Agreement, No. 2007406 ("Agreement"). In the event a purchase
is executed pursuant to this Exhibit which extends beyond the current term of the Agreement, the Agreement shall renew in accordance
with the provisions contained therein.
1.) This (Exhibit authorizes Seller to execute a Delivered to Citygate natural gas purchase for the months, price and volumes listed
above.
2.) Volumes (listed above) will be the first volumes through the meter each month following all applicable previously
executed Transaction Confirmation exhibits.
3.) The Buyer and Seller agree to make reasonable efforts to avoid imbalances. On a timely basis, Buyer agrees to notify
Seller of any changes in operations which significantly affect daily natural gas usage.
4.) If in any month Deliveries of natural gas to Buyer is less than the Monthly Contract Volumes noted above, or if the
Agreement has been terminated for any reason; Buyer shall be responsible for the liquidated net value of the unused
volumes plus an administrative fee of $0.0020/therm.
5.) Monthly volumes taken in excess of the Monthly Contract Volumes above shall be priced according to the pricing
provisions of the Agreement.
6.) Delivery will be in accordance with the terms of the Agreement and all provisions of Utility's tariffs apply.
7.) Prices listed above include daily balancing, monthly cash outs, fuel, transportation capacity, pipeline surcharges,
transition costs, management services and other applicable fees. Applicable Utility distribution charges, sales taxes,
customer charges, franchise and other applicable Utility fees shall be charged in addition to the Delivered to Citygate price.
Buyer's Purchase Authorization shall be effective on 12/03/2010
and shall expire at 1:30pm (Central Time) on 12/03/2010
Buyer's Authorized Representative: Wally Bobkiewicz
Pricing in this Exhibit shall not be effective unless confirmed in writing by an authorized representative of Seller. Buyer
may cancel this Purchase Authorization at any time prior to its execution by providing Seller with advance written notice.
By signing below, Buyer's Authorized Representative warrants they have read and understand the document in its entirety and
are authorized to sign this Exhibit on Buyer's behalf.
BWA,��
UYEER'S AUTHORIZED REPRESENTATIVE
By
Date 17 7-3/1 -)
Rev 0210