2008-10-20 CITY COUNCIL SPECIAL MEETING MINUTESMINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF
PEARLAND, TEXAS, HELD ON MONDAY, OCTOBER 20, 2008, AT 6:00 P.M., IN
THE TEMPORARY MUNICIPAL COURT ROOM LOCATED AT THE CITY OF
PEARLAND COMMUNITY CENTER, 3523 LIBERTY DRIVE, PEARLAND, TEXAS.
Mayor Reid called the meeting to order at 6:15 p.m. with the following present:
Mayor
Mayor Pro-Tem
Councilmember
Councilmember
Councilmember
Councilmember
City Manager
City Attorney
City Secretary
Tom Reid
Helen Beckman
Woody Owens
Steve Saboe
Felicia Kyle
Kevin Cole
Bill Eisen
Darrin Coker
Young Lorfing
Others in attendance: Nick Finan Assistant City Manager; Mike Hodge Assistant City
Manager; Claire Bogard Finance Director; Fred Welch Executive Director of Economic
Development Corporation.
NEW BUSINESS
COUNCIL ACTION -RESOLUTION NO. R2008-134 - A RESOLUTION OF THE CITY
OF PEARLAND, TEXAS, AUTHORIZING THE CITIES AGGREGATION POWER
PROJECT, INC. (CAPP) TO NEGOTIATE AN ELECTRIC SUPPLY AGREEMENT FOR
DELIVERIES OF ELECTRICITY AND NECESSARY, RELATED SERVICES
EFFECTIVE JANUARY 1, 2009; AUTHORIZING CAPP TO ACT AS AN AGENT ON
BEHALF OF THE CITY TO ENTER INTO A CONTRACT FOR ELECTRICITY;
APPROVING CAPP CONTRACTING WITH FPL ENERGY AND DIRECT ENERGY
AND AUTHORIZING THE CHAIRMAN OF CAPP TO EXECUTE AN ELECTRIC
SUPPLY AGREEMENT FOR DELIVERIES OF ELECTRICITY EFFECTIVE JANUARY
1, 2009; COMMITTING TO BUDGET FOR ENERGY PURCHASES AND TO HONOR
THE CITY'S COMMITMENTS TO PURCHASE POWER THROUGH CAPP FOR ITS
ELECTRICAL NEEDS BEGINNING JANUARY 1, 2009 THROUGH DECEMBER 31,
2013. Mr. Bill Eisen, City Manager.
Councilmember Saboe made the motion, seconded by Councilmember Owens, to
approve Resolution No. R2008-134.
City Manager Bill Eisen stated since the de-regulation of electricity, the rates are directly
tied to the price of natural gas. Due to the dip in the price of natural gas, the City has
the opportunity to lock in pricing for a period of five years. The estimated savings is
approximately $500,000 per year.
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Voting "Aye" Councilmembers Cole, Kyle, Beckman, Saboe, and Owens.
Voting "No" None.
Motion Passed 5 to 0.
ADJOURNMENT
Meeting was adjourned at 6:20 p.m.
Minutes approved as submitted and/or corrected this the 10th day of November, A.D.,
2008.
_-~--~,~b~/
Tom Reid
Mayor
ATTEST:
S etary `.. ... ...
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