HomeMy WebLinkAbout~Master - Renewal of Asset Management Agreement Confirmation and Transaction Confirmation Agreement for Power Plant RESOLUTION NO. 19-594
RESOLUTION APPROVING RENEWAL OF ASSET MANAGEMENT AGREEMENT
(AMA) TRANSACTION CONFIRMATION AND TRANSACTION CONFIRMATION
AGREEMENT FOR POWER PLANT
FOR THE CITY OF AMES
WHEREAS, Electric Services converted both of the Power Plant's coal-fired generators to
use natural gas;the Power Plant now typically burns 12,000 MMBtu of natural gas daily to generate
electricity and consume refuse-derived fuel; and,
WHEREAS,a separate set of contracts is required for a firm to provide its asset management
services to manage the City's natural gas purchases and gas pipeline transportation contracts; the
contracted company serves as a bridge between the natural gas commodity already under contract
and the delivery services already under contract; and,
WHEREAS, on October 27, 2015, the Council awarded a contract to BP Canada Energy
Marketing Corp. of Omaha,Nebraska, for the AMA/Pipeline services for the City of Ames; and,
WHEREAS, included in the original contract were renewals for up to four additional one-
year terms and the City has negotiated with BP to have the last renewal end on September 30,2020,
rather than December 31, 2020; and,
WHEREAS,this date change was selected to avoid a possible change in vendors during the
winter season; and,
WHEREAS, this is the last renewal period of this contract and a new request for proposals
will need to be issued after January 1; and,
WHEREAS, BP has provided two separate renewal agreements, each providing a different
service, and these renewals are for an AMA Transaction Confirmation and a Transaction
Confirmation through September 30, 2020, for an amount not-to-exceed$30,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that renewal of the contracts with BP Canada Energy Marketing Corp. of Omaha, Nebraska, for
AMA Transaction Confirmation and the Transaction Confirmation are hereby approved.
ADOPTED THIS 26`h day of November, 2019.
Diane- Voss, City Clerk John A. Haila, Mayor
Introduced by: Nelson
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: Betcher
Resolution declared adopted and signed by the Mayor this 26t' day of November, 2019.