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Resolution No. 96-16 <br />Page Two <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: The City Council authorizes the participation of the City of Pleasanton in <br /> the ABAG Power Purchasing Pool to undertake a bulk purchasing program <br /> for natural gas on behalf of the City of Pleasanton and other ABAG <br /> members or cooperating members. <br /> <br />Section 2: The City Manager, or her designee, is authorized to enter into and deliver <br /> (1) the Natural Gas Sales and Aggregation Agreement with ABAG, in <br /> substantially the form set forth in the attached Exhibit A appointing ABAG <br /> as the core transport agent for the City of Pleasanton in procuring the <br /> purchase and transportation of natural gas and related services and (2) the <br /> Utility's Customer Authorization for Core Gas Transportation Services. <br /> <br />Section 3: The City of Pleasanton consents to the assignment, encumbrance or <br /> hypothecation of the Natural Gas Sales and Aggregation Agreement with <br /> ABAG for the sole purpose of securing short-term financing of the security <br /> deposit requirement and/or cash flow deficits incurred by ABAG in <br /> implementing the Power Purchasing Pool Program. <br /> <br /> Section 4: The Director of Public Works, l~snrl~ll A. Lure, is appointed Pleasanton's <br /> representative on ABAG's Power Purchasing Pool Committee to oversee the <br /> operation of the Power Purchasing Pool Program. <br /> <br />Section 5: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> <br /> <br />