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HomeMy WebLinkAboutCity Council Resolution 23-054, Terminating Revised Natural Gas Agreement with ABAG POWERRESOLUTION NO.23-054 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA TERMINATING ITS INTERESTS IN THE CORE NATURAL GAS SALES AND AGGREGATION AGREEMENT BETWEEN ABAG POWER WHEREAS, the City Council entered a Core Natural Gas Sales and Aggregation Agreement (NGSAA) with ABAG POWER in 2004 for supply of natural gas for certain city operations; and WHEREAS, in the interest of simplicity and consistency with the balance of its retail gas service agreements, the City it is prudent to transfer the gas service pursuant to the NGSAA at City facilities to the incumbent utility (Pacific Gas & Electric Company); and NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Saratoga does hereby: 1. Terminate the NGSAA between ABAG Power and the City effective June 30, 2023; and 2. Direct staff to request a refund of the City's Working Capital Deposit of $2,691.57. The above and foregoing resolution was passed and adopted at a regular meeting of the Saratoga City Council held on the 21 st day of June 2023 by the following vote: AYES: COUNCIL MEMBERS AFTAB, PAGE, WALIA, VICE MAYOR ZHAO, MAYOR FITZSIMMONS NOES: NONE ABSENT: NONE ABSTAIN: NONE Kookie Fitzsimmons, Mayor ATTEST: L, L4�a Britt Avrit, MMC, City Clerk 1652674.1