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R2012-141 AUTHORIZING CITY MANAGER TO EXECUTE A CONTRACT WITH MIDAMERICAN ENERGY COMPANY
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R2012-141 AUTHORIZING CITY MANAGER TO EXECUTE A CONTRACT WITH MIDAMERICAN ENERGY COMPANY
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8/20/2015 2:42:32 PM
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Resolution/Ordinance
Res Ord Num
R2012-141
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE A CONTRACT WITH MIDAMERICAN ENERGY COMPANY FOR NATURAL GAS SUPPLY SERVICES
Department
Finance
Approved Date
7/16/2012
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FINANCIAL MANAGEMENT DEPARTMENT <br /> #2012 -25 <br /> DATE: July 11, 2012 <br /> TO: Honorable Mayor Michael T McElroy and City Council <br /> FROM: Ryan P. McCrady, City Manager <br /> Gregg D. Zientara, City Treasurer& Director of Finance <br /> SUBJECT: Natural Gas Supply Contract <br /> SUMMARY RECOMMENDATION: <br /> It is recommended that the City Council approve the attached resolution, which authorizes the <br /> City Manager to award a Natural Gas Supply Services contract. The updated resolution will be <br /> presented to Council at the July 16th meeting, the day pricing is received. <br /> BACKGROUND: <br /> The current contract for natural gas supply services expires July 30, 2012. A Request for <br /> Proposal was sent to nine suppliers licensed to do business in the State of Illinois to provide <br /> natural gas supply services. The process allowed for pre-qualification of suppliers and flexibility <br /> in conducting the bid to respond to the daily changes in market prices for the selection of the <br /> optimum rates for the City's natural gas accounts. Three suppliers have been approved to submit <br /> pricing to be received the afternoon of July 16th. They are Contellation NewEnergy, Integrys <br /> Energy Advisor and MidAmerican Energy Company. <br /> Upon receipt of the final bids the City will select a vendor and present the vendor selection to the <br /> City Council in Resolution authorizing the City Manager to execute a contract with the selected <br /> vendor. <br /> Terms of the contract and contract price will be available at the Council meeting. <br /> POTENTIAL OBJECTION: There are no known objections to this resolution. <br /> INPUT FROM OTHER SOURCES: CQI Associates was engaged in consulting <br /> services for the RFP and selection process. <br /> STAFF REFERENCES: Gregg D. Zientara, City Treasurer & Finance <br /> Director-424-2702 <br /> Gregg Zientara, Finance Director, and Richard Anderson of CQI Associates will be in attendance <br /> at the City Council meeting to answer any questions of the City Council pertaining to this matter. <br /> BUDGET/TIME IMPLICATIONS: None <br /> 2012 council resolution 2012-xxx natural gas supply contract letter to council 2012-25 Page 1 of 1 <br />
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