AGENDA INFORMATION SHEET
DEPARTMENT: Denton Municipal Electric
CM: Todd Hileman
AGENDA DATE: March 27, 2017
SUBJECT
Title
Consider recommending the adoption of an ordinance of the City Council of the City of Denton authorizing the City Manager to execute an Engagement Letter with the law firm of David A. Portz, P.C., Houston, Texas, for professional legal services to be provided to the Energy Management Organization of the City's Electric Department, Denton Municipal Electric; authorizing the expenditure of funds therefor; and providing an effective date (File No. 5554 - in the additional amount of not-to-exceed $75,000; aggregating not-to-exceed $250,000).
Body
BACKGROUND
On April 28, 2014 the City entered into an agreement wherein David A. Portz, P.C., an Attorney ("Portz"), Houston, Texas, was engaged for an amount not-to-exceed $75,000, within the City Manager's delegated signature authority, for legal services to be rendered to the Denton Municipal Electric - Energy Management Organization ("EMO") relating to the review and negotiation of EEI Master Agreements with various counterparties in physical power transactions.
Later, on November 18, 2014 the City entered into a first supplemental engagement letter with Portz for an additional amount not-to-exceed $50,000 and increased the scope of Portz' professional services. The Council approved the engagement by Ordinance No. 2014-393. Portz is an experienced attorney whose practice is in the area of power trading and power-related transactions.
Last year, on March 1, 2016 the City entered into the second supplemental engagement letter with Portz for an additional amount not-to-exceed $50,000 and increased the scope of Portz' professional services. The Council approved the engagement by Ordinance No. 2016-065. Portz is an experienced attorney whose practice is in the area of power trading and power-related transactions.
The activities of the EMO have since expanded and the further legal services...
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