Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />A RESOLUTION <br />APPROVING AND AUTHORIZING EXECUTION OF A <br />"SUPPLY AGREEMENT" WITH A RETAIL ELECTRIC PROVIDER, <br />APPROVING INITIAL PROPOSAL PRICING, AND <br />APPOINTING AUTHORIZED REPRESENTATIVE(S) <br /> <br />WHEREAS, H-GAC Energy Purchasing Corporation (the "Corporation") is a <br />non-profit political subdivision corporation, as defined in Chapter 303 of the Texas Local <br />Government Code (to be codified effective September I, 2001 as Chapter 304); and <br /> <br />WHEREAS, the Corporation is authorized to negotiate on behalf of its members <br />for the purchase of electricity, make contracts for the purchase of electricity, purchase electricity, <br />and take any other action necessary to purchase electricity for use in the public facilities of the <br />political subdivisions represented by it; and <br /> <br />WHEREAS, c.:r+~ La.- Pmie- <br />(the "Political Subdivision") has dopted a resolution authorIz1Og partICIpatIOn 10 the <br />Corporation; and <br /> <br />WHEREAS, the Corporation has negotiated and contracted with various Retail <br />Electric Providers (each a "REP") and has entered into a contract with the REP referenced in the <br />attached Supply Agreement; and <br /> <br />WHEREAS, the Member, as a Buyer, has selected the REP referenced in the <br />attached Supply Agreement; and <br /> <br />WHEREAS, the Corporation has received and distributed to its members the <br />initial proposal pricing ("Initial Pricing") of the REP and the Political Subdivision has reviewed <br />the Initial Pricing, which is incorporated herein by reference; and <br /> <br />WHEREAS, the Political Subdivision acknowledges that the Initial Pricing is not <br />binding on the REP but will be updated during a subsequent time period to be announced by the <br />Corporation, at which time final closing pricing (the "Final Pricing") will be announced; and <br /> <br />WHEREAS, the Political Subdivision has reviewed a Supply Agreement with the <br />selected REP (the "Supply Agreement"), a copy of which is presented with this Resolution and is <br />incorporated herein by reference, and wishes to enter into such agreement provided that the Final <br />Pricing does not exceed the Initial Proposal Pricing; <br /> <br />NOW, THEREFORE, BE IT RESOLVED: <br /> <br />1. The Supply Agreement with the Initial Proposal Pricing made a part <br />thereof is hereby approved and adopted. <br /> <br />I <br /> <br />Resolution II of 2 <br />