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AUTHORIZING NATURAL GAS UTILITY BROKERING AND PURCHASE AGREEMENT
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WHEREAS, to receive the best price for natural gas, Kane County purchases natural gas on the open market to service Kane County facilities; and
WHEREAS, natural gas suppliers will not hold any quoted price longer than a 24 hour period in part because prices can swing significantly based on regional and global events; and
WHEREAS, the best method to purchase natural gas that has daily price fluctuations in a commodity market, is through a process which allows real-time submittal and acceptance of the successful price; and
WHEREAS, it has been determined that the best method to procure said purchase of natural gas is to prequalify gas suppliers, receive County Board approval to acquire natural gas, receive bids for the purchase of natural gas and award the purchase of natural gas within one day of opening said bids, a practice the County has previously utilized on several occasions; and
WHEREAS, Tradition Energy has provided quality representation to Kane County and should be retained as Broker of Record in negotiations with electricity suppliers; and
WHEREAS, the electric energy agreement, due to fluctuating prices, may be up to a three (3) year agreement with up to three (3) one year extensions per proposed rates, term, and the acceptance of both parties and the Kane County Board approval.
NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that the Building Management Department, Environmental and Water Resources Department, and Purchasing Department are hereby authorized and directed to utilize energy broker services with Tradition Energy to obtain competitive bids and pricing for natural gas for Kane County government buildings and that the Kane County Board Chairman is authorized to execute any necessary documents to allow for these services subject to the review and advisement of the Kane County...
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