File #: ID 17-1271    Version: 1 Name:
Type: Ordinance
File created: 9/12/2017 In control: City Council
On agenda: 10/10/2017 Final action: 10/10/2017
Title: Consider adoption of an ordinance of the City of Denton, Texas authorizing the approval of a first amendment to a contract between the City of Denton and Enterprise Risk Consulting, LLC (ERC) to assist the City of Denton in developing a Power Supply Hedge Strategy and implement a Risk Management Process in the not-to-exceed amount of $200,000, amending the contract approved by the City Manager on August 23, 2017 in the amount of $99,000; providing for the expenditure of funds therefor; and providing an effective date (File 6560-providing for an additional expenditure amount not-to-exceed $200,000, with the total contract amount not-to-exceed $299,000). The Public Utilities Board recommends approval (6-0).
Attachments: 1. Exhibit 1-Agenda Information Sheet, 2. Exhibit 2-Original Agreement, 3. Exhibit 3-Public Utilities Board Minutes, 4. Exhibit 4-Ordinance, 5. Exhibit 5-Contract

AGENDA CAPTION

Title

Consider adoption of an ordinance of the City of Denton, Texas authorizing the approval of a first amendment to a contract between the City of Denton and Enterprise Risk Consulting, LLC (ERC) to assist the City of Denton in developing a Power Supply Hedge Strategy and implement a Risk Management Process in the not-to-exceed amount of $200,000, amending the contract approved by the City Manager on August 23, 2017 in the amount of $99,000; providing for the expenditure of funds therefor; and providing an effective date (File 6560-providing for an additional expenditure amount not-to-exceed $200,000, with the total contract amount not-to-exceed $299,000). The Public Utilities Board recommends approval (6-0).

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