RESOLUTION - 1-09 - 1/13/2009 - NORTHEN ILLINOIS MUNICIPAL ELECTRIC COOPERTIVE (NIMEC)

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RESOLUTION NO. 1-09 A RESOLUTION AUTHORIZING THE CONTINUED PARTICIPATION IN THE NORTHERN ILLINOIS MUNICIPAL ELECTRIC COOPERATIVE (NIMEC) AND AUTHORIZING THE VILLAGE MANAGER TO APPROVE A CONTRACT WITH THE LOWEST COST ELECTRICITY PROVIDER WHEREAS, during fiscal year 2006, the Village of Elk Grove Village joined the Northern Illinois Municipal Electric Cooperative (NIMEC) to jointly purchase electricity from a third -party vendor in response to the deregulation of this industry in the State of Illinois; and WHEREAS, the Village of Elk Grove Village has selected the Northern Illinois Municipal Electric Cooperative (NIMEC) to serve as the Village's broker relative to the acquisition of electrical energy due to NIMEC'S municipal experience and the fact that NIMEC is a municipal cooperative which will be pooling the energy needs of members of the cooperative in order to secure more competitive pricing based on higher volumes than can be provided individually to a single municipality; and WHEREAS, NIMEC is preparing to seek competitive pricing for electricity for the period June 1, 2009 through May 31,2010; and WHEREAS, due to the bidding procedures required, 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 within hours of the bids being received by NIMEC. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, Illinois: Section 1. That the Northern Illinois Municipal Electric Cooperative (NIMEC) is hereby appointed as the Village's broker for purposes of obtaining a supply of electricity for the Village's municipal needs, and the Village Manager is hereby directed to take all actions necessary to establish said broker relationship.