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RESOLUTION NO. 19-00 <br />A RESOLUTION AUTHORIZING THE VILLAGE OF ELK GROVE VILLAGE <br />TO PARTICIPATE IN THE LOCAL GOVERNMENT ELECTRIC POWER <br />ALLIANCE REQUEST FOR PROPOSAL PROCESS FOR THE PURPOSE OF <br />PURCHASING ELECTRICITY AT A DISCOUNTED RATE <br />WHEREAS, the Village of Elk Grove Village (the "Municipality") expends a significant <br />amount of funds in the purchase of electricity; and <br />WHEREAS, the Municipality would benefit from obtaining lower prices for its purchases <br />of electricity; and <br />WHEREAS, the Local Government Electric Power Alliance (the "Alliance"), an Illinois not- <br />for-profit corporation, whose members include the City of Chicago, Chicago Park District, Chicago <br />Transit Authority, City Colleges of Chicago and Chicago School Reform Board of Trustees <br />(collectively, the "Alliance Members"), intends to issue a request for proposals for the purchase of <br />electric supply service (the "RFP") by some or all Alliance Members and other governmental entities <br />identified in the RFP (collectively, the "Participants"); and <br />WHEREAS, the Participants will be required to purchase electricity from the electric utility <br />or the alternative electric retail supplier selected by the Alliance pursuant to the RFP (the "Selected <br />RES"); and <br />WHEREAS, it is anticipated that each Participant that purchases electricity using a contract <br />between it and the Selected RES, that is entered into pursuant to the RFP, will be able to obtain more <br />competitive prices for its purchases than if it separately negotiated a purchase price; and <br />WHEREAS, the Municipality has determined that it would be beneficial to be a Participant; <br />and <br />WHEREAS, the Municipality is a home rule unit of government by virtue of the provisions <br />of the Constitution of the State of Illinois of 1970, and as such, may exercise any power and perform <br />any function pertaining to its government and affairs. <br />NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the <br />Village of Elk Grove Village, Counties of Cook and DuPage, Illinois as follows: <br />SECTION 1. The foregoing recitals are incorporated as if fully set forth here. <br />SECTION 2. The Director of Finance (the "Authorized Individual") is authorized to sign <br />a letter acknowledging that (i) the Alliance intends to name the Municipality in the RFP as an entity <br />that will purchase electricity from the Selected RES, (ii) the Municipality will provide the Alliance <br />with requested information relating to its anticipated usage of electricity, and (iii) any of the <br />Municipality's electric purchases from the Selected RES will be counted toward the usage levels <br />used to determine the price of electricity to Participants purchasing electricity from the Selected RES <br />under agreements entered into pursuant to the RFP. <br />