HomeMy WebLinkAbout032488 RES - 06/29/2021Resolution authorizing a Five-year Natural Gas Supply Contract with NextEra
Energy Marketing, LLC. for an estimated amount of $125,000,000.00 of which
$1,500,000.00 is needed for the remainder of the FY 2020-2021, for the
purchase of 100% of the City's natural gas requirement from August 1, 2021
through August 1, 2026
WHEREAS, the City operates a natural gas system which requires purchase of
natural gas;
WHEREAS, State law provides that procurements, as outlined above, are subject
to statutory procurement requirements, including competitive bids, unless an exception
applies;
WHEREAS, there is a statutory exception for this procurement in Local
Government Code, Section 252.022(a) (2), as this purchase is necessary to preserve of
protect the public health and safety of the City's residents; and
WHEREAS, there is a statutory exception for this procurement in Local
Government Code, Section 252.022(a)(14) as this purchase is procurement for goods
purchased by a municipality for subsequent retail sale by the municipality;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS:
Section 1. The City Council specifically finds that the foregoing statements included in
the preamble of this resolution are true and correct and adopts such findings for all intents
and purposes related to the authorization of this procurement.
Section 2. The City Manager, or designee, is authorized to execute all documents
necessary to secure the purchase of five-year gas supply contract from NextEra Energy
Marketing, LLC, Juno Beach, Florida, for an estimated amount of $125,000,000.00 of
which $1,500,000.00 is need for the remainder of the FY 2020-2021, for the purchase of
100% of the City's natural gas requirement from August 1, 2021 to August 1, 2026.
Section 3. The City Manager or City Manager's designee is authorized to execute up to
three monthly extension agreements at the same terms and conditions with NextEra if a
new contract has not been approved upon the expiration of the contract.
032488
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SCANNED
PASSED AND APPROVED on the 'i day of , 2021:
Paulette M. Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
John Martinez
Ben Molina
Mike Pusley
Greg Smith
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ATTEST: TY -CF -CORPUS CHRISTI
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Rebecca Huerta "aulette M. Gua' r doV
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City Secretary
Mayor
03248
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CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly
authorized representative), hereby certify to the City Council and other appropriate officers that
the money required for the current fiscal year's portion of the contract, agreement, obligation
or expenditure described below is in the Treasury to the credit of the Fund specified below, from
which it is to be drawn, and has not been appropriated for any other purpose. Future payments
are subject to annual appropriation by the City Council.
City Council Action Date: June 29, 2021 Legistar Number: 21-0696
Agenda Item:
Resolution authorizing a five-year natural gas supply contract with NextEra Energy Marketing,
LLC , Juno Beach, Florida for an estimated amount $125,000,000.00, of which $1,500,000.00 is
needed for the remainder of the FY 2020-2021, for the purchase of 100% of the City's natural
gas requirement from August 1, 2021 to August 1, 2026.
Amount $1,500,000.00
Fund Name
Accounting Unit
AcNoount
Activity No.
Amount
Gas Fund
4130-022-34100
520200
$1,500,000.00
Total
$1,500,000.00
❑ Certification Not Required
Director of Financial Services
Date: JUL 1 3 2021