Title
A RESOLUTION AUTHORIZING THE PARTICIPATION IN THE NORTHERN ILLINOIS MUNICIPAL ELECTRIC COLLABORATIVE (NIMEC) BID PROCESS AND AUTHORIZING THE VILLAGE MANAGER TO APPROVE A CONTRACT FOR STREET LIGHTING AND COMMERCIAL ACCOUNTS WITH THE LOWEST COST ELECTRICITY PROVIDER
Body
WHEREAS, the Village of Orland Park has previously joined the Northern Illinois Municipal Collaborative (NIMEC) for the purpose of procuring electricity through a cooperative pool in order to receive a more competitive bid price on electricity. NIMEC’s membership consists of 160+ northern Illinois governmental organizations;
WHEREAS, the Village through its participation in the NIMEC bid process has previously entered into contracts with the lowest bidder for electricity for the Village’s facilities as well as street lights.
WHEREAS, Commonwealth Edison no longer offers a fixed rate for larger street light accounts, only smaller sized accounts. ComEd prices larger sized accounts on a floating market rate that changes every hour. It is not possible to predict those rates for the following 12 months, as they are dependent upon weather, usage and other market factors. Fixed rates for medium and large sized accounts are only available from suppliers other than ComEd;
WHEREAS, because commodity pricing is volatile, the Village Manager will need to have the authority to sign a contract with the electricity provider which is deemed most favorable for the Village on the same day that bids are presented by NIMEC, and determine if the desired contract should be for a one, two or a three-year term.
NOW, THEREFORE, BE IT RESOLVED, that, in light of the time constraints applicable to the acceptance of a competitive bid for a supply of electricity, once the bids are received by NIMEC, the Village Manager is hereby authorized to sign the contract with the lowest bidder, with Village Staff being hereby directed to place said contract on the first available Village Board meeting following the ex...
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