HomeMy WebLinkAbout2017-288-4/17/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-288
RESOLUTION APPROVING RENEGOTIATED CONTRACT
FOR THE PERIOD APRIL 1, 2017 THROUGH MARCH 31,
2018 BY AND BETWEEN PLANERGY WATERLOO, LLC
AND THE CITY OF WATERLOO, IOWA.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO,IOWA,that the
contract renegotiating MMBTU price dated April 17, 2017, currently from $.50 to $.10 per
MMBTU for one year for the first 130,000 MMBTU and the price increasing to $.20 per MMBTU
for all gas produced after that, by and between Planergy Waterloo, LLC and the City of Waterloo,
Iowa, is hereby approved, and the Mayor and City Clerk are authorized and directed to execute the
same on behalf of the City of Waterloo,Iowa.
PASSED AND ADOPTED this 17t`day of April 2017.
_ Quentin Hart,Mayor
Kelley Felc
City Clerk