HomeMy WebLinkAboutRESO 9704170807 jb 6053991
Resolution No. 9704
Resolution of the Council of the City of Palo Alto Authorizing the City Manager to
3Degrees Group, Inc. and Element Markets, LLC Under Specified Terms and
Conditions during Calendar Years 2017 through 2026, Inclusive
RECITALS
A. On December 5, 2016, the Council adopted Resolution 9649 approving a
Carbon Neutral Natural Gas Plan to achieve a carbon neutral gas portfolio by fiscal year 2018
with no greater than a 10¢/therm rate impact.
B. In accordance with the Carbon Neutral Plan, the City must purchase
environmental offsets or verified emission reductions equal to the annual emissions from natural
gas use by all City of Palo Alto Natural Gas Utility customers.
C. By Ordinance 5387 adopted August 15, 2016, Council approved changes to
the Municipal Code specifically streamlining the purchase and sale of wholesale utility
commodities and services and explicitly allowing for standard form Master Agreements.
D. The standard form Verified Emissions Reduction Master Agreement was
approved by Council on August 21, 2017.
E. The City intends to purchase verified emission reductions from one or more
prequalified suppliers from delivery during calendar years 2017 through 2026, inclusive, so long
as the supplier with whom the City negotiates a specific purchase transaction continues to be
qualified and otherwise eligible to transact with the City.
NOW, THEREFORE, the Council of the City of Palo Alto RESOLVES as follows:
SECTION 1. The Council hereby authorizes the City Manager or his designee, the
verified emission reduction
requirements from 3Degrees Group, Inc. and Element Markets, LLC by negotiating one or more
individual transactions, including, but not limited to, contracts, addenda, confirmations, and
transactions.
SECTION 2. The purchases negotiated under Section 2 with 3Degrees Group, Inc.
and Element Markets, LLC shall not exceed $10 million in aggregate.
DocuSign Envelope ID: E19CD133-4BF3-4F0E-8417-A6AA6BBCFF23
170807 jb 6053991
SECTION 3. Adoption of this Resolution is not subject to California Environmental
Quality Act review as an administrative governmental activity that will not result in any direct or
indirect physical change in the environment as a result (CEQA Guidelines section 15378(b)(5)).
INTRODUCED AND PASSED: August 21, 2017
AYES: DUBOIS, FILSETH, FINE, HOLMAN, KNISS, KOU, TANAKA, WOLBACH
NOES:
ABSTENTIONS:
ABSENT: SCHARFF
ATTEST:
City Clerk Mayor
APPROVED AS TO FORM: APPROVED:
Counsel to the City of Palo Alto City Manager
Director of Administrative Services
Director of Utilities
DocuSign Envelope ID: E19CD133-4BF3-4F0E-8417-A6AA6BBCFF23
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