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RESOLUTION NO. R2o16-07 <br /> A RESOLUTION AUTHORIZING THE EXECUTION OF A SERVICE <br /> AGREEMENT FOR THE SUPPLY OF ELECTRICITY FOR <br /> RESIDENTIA.L AND SMALL COMMERCIA.L RETAIL CUSTOMERS WHO <br /> DO NOT OPT OUT OF SUCH A PROGRAM(Electric Aggregation) <br /> WHEREAS, Section 1-92 of the Illinois Power Agency Act, 20 ILCS 3855/1- 92, <br /> permits a city, if authorized by referendum, to adopt an ordinance by which it may operate <br /> a program to solicit bids and enter into service agreements for the sale and purchase of <br /> electricity and related services and equipment to residential and small commercial customers <br /> who do not opt-out of such a program; and <br /> WHEREAS, the City of Decatur provides an opt-out electric aggregation program for <br /> eligible electric accounts within its jurisdiction; and <br /> WHEREAS, such aggregation program was authorized by referendum passed by a majority vote <br /> of the qualified electors voting on the question; and <br /> WHEREAS, because electricity is a commodity for which supply bids typically are <br /> made each morning and expire the same day at the close of business, the City of Decatur must <br /> act promptly to accept any such desired bid in order to contractually guarantee a per , <br /> kilowatt hour electric rate for its residential and small commercial customers; and <br /> WHEREAS, the City of Decatur City Council finds that the best interests of the City of <br /> Decatur are served by authorizing the Decatur City Manager to receive and review bids and to <br /> accept the bid most beneficial to the City of Decatur, pursuant to 20 ILCS 3855/1-92, to <br /> aggregate the residential and small commercial retail elactric loads located within the City of <br /> Decatur and to arrange for competitive electric supply to these retail electrical accounts; and I <br /> NOW THEREFORE BE IT RESOLVED b th D <br /> � , y e ecatur City Council of Decatur <br /> Illinois,Macon County Illinois,as follows: <br />