2017-290 6560 ORDINANCE Resource Planning Power Supply StrategyORDINANCE NO. 2017-290
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 $200,000, WITH THE TOTAL CONTRACT AMOUNT NOT -TO -
EXCEED $299,000.)
WHEREAS, on August 27, 2017, the City Manager awarded a contract to Enterprise Risk
Consulting, LLC in the amount of $99,000 for resource planning and the implementation of a long-
term power strategy for Denton Municipal Electric; and
WHEREAS, the Staff having recommended, and the City Manager having recommended to
the Council that an amendment be authorized to amend such contract agreement by increasing the
scope of services to add the Denton Energy Center to Denton Municipal Electric's power portfolio,
and an increase in the payment amount, and said fees under the proposed contract are fair and
reasonable, and are consistent with, and not higher than the recommended practices and fees
applicable to the Provider's profession and such fees do not exceed the maximum provided by law;
NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The First Amendment, increasing the amount of the contract between the City
and Enterprise Risk Consulting, LLC., which is on file in the office of the Purchasing Agent, in the
amount of Two Hundred Thousand and 0/100 ($200,000) Dollars, is hereby approved and the
expenditure of funds therefor is hereby authorized in accordance with said amendment. The total
contract amount increases to $299,000.
SECTION 2. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the /0 day of_¢" )o '�.` 2017.
CHRIS AT I'S, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
�re
APPROVED AS TO LEGAL FORM:
AARON LEAL, INTERIM CITY ATTORNEY