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HomeMy WebLinkAbout2022-12-05 J01G_06 Natural Gas Service Agr Amendment\AGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: December 5, 2022 AGENDA ITEM:Consideration of approval of a resolution approving Amendment to Contract/Natural Gas Service Agreement [Clayton Energy Corporation] FORMAT:Resolution SYNOPSIS INCLUDING PRO & CON: The City of Waukee and Clayton Energy Corporation entered into an agreement approved by City Council on September 21, 2015 (RES# 15-325) to provide the natural gas supply services to the City including nominations and scheduling for all of the City’s transportation and storage services on the natural gas supply pipeline. Clayton Energy desires to amend the agreement to Article V “Compensation”. The City will pay Clayton Energy a monthly fee of $2,800.00 for its services rendered in addition to any other amounts due under the agreement. Each annual anniversary of the agreement, the compensation as set forth in this Article shall be increased two percent (2%). The original agreement had a monthly compensation amount of $2,300 in 2015 and hasn’t increased since then. Cost increases have been experienced across all industries, especially in the past 24 months. This amendment catches up the fee (equates to approximately a 2.5% annual increase for the past 7 years) and adds an annual 2% cost of service inflator to ensure Clayton Energy is compensated accordingly. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: $2,800.00 monthly for services rendered in addition to any other amounts due under the original agreement. COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: RECOMMENDATION: Approve the Resolution. ATTACHMENTS: I. Resolution II. Amendment to Contract PREPARED BY: Beth Richardson REVIEWED BY: Rudy Koester RK J1G6 THE CITY OF WAUKEE, IOWA RESOLUTION 2022- APPROVING AMENDMENT TO CONTRACT/NATURAL GAS SERVICE AGREEMENT [CLAYTON ENERGY CORPORATION] IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, the City entered into an Agreement on September 1, 2015 (RES # 15-325), to provide the natural gas services to the City including nominations and scheduling for all of the City’s transportation and storage service on the natural gas supply pipeline; AND, WHEREAS, Clayton Energy desired to amend the agreement to Article V “Compensation” by adding a monthly fee of $2,800.00 for its services rendered in addition to any other amounts due under the agreement: NOW THEREFORE BE IT RESOLVED by the City Council of the City of Waukee that the Amendment the Agreement the contract for Natural Gas Service [Clayton Energy Corporation] is hereby approved. Passed by the City Council of the City of Waukee, Iowa, and approved the 5th day of December, 2022. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman Pierce R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair