Title
RESOLUTION AUTHORIZING AN AMENDMENT TO AGREEMENT 21702 WITH TENASKA MARKETING VENTURES TO EXTEND THE SERVICE TERM THROUGH OCTOBER 31, 2017.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to amend city Agreement 21702, substantially in the form of that attached as Exhibit A, with Tenaska Marketing Ventures for professional services relating to asset management, the final extension, through October 31, 2017.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution amends Agreement 21702 with Tenaska Marketing Ventures for professional services relating to asset management of the city’s underutilized gas pipeline and gas storage capacity.
The original agreement was signed in 2012, Resolution 12-0418R was approved by city council on August 13, 2012; the service term was November 1, 2012 through October 31, 2013.
There have been two previous amendments done to extend the services; the first on March 20, 2014 to extend service through October 31, 2015; the second on March 24, 2015 to extend service through October 31, 2016.
This resolution will amend the term date and will be the final extension of service to Agreement 21702; the new term date would go through October 31, 2017.