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Meeting Date:
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8/16/2023 - 7:00 PM
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Category:
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Consent Agenda Items
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Type:
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Action
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Subject:
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Approval to Grant Authority to the Assistant Superintendent for Business Operations to Enter into an Electricity Agreement for Up to 36 Months.
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Vision 2026:
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Operational Excellence Strategies 2 Maintain strong fiscal health of the organization.
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Background
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The District currently has an electric supply agreement from December 2022 through May 2024 for a fixed energy rate of $.02734/KWh. Market factors, including a shift in electric generation (reduction of coal usage to produce electricity), higher crude oil and natural gas prices, along with the continuing war in Ukraine has driven prices in the fixed energy market well beyond our existing pricing.
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File Attachment:
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Summary:
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We are asking the Board for approval to grant the Assistant Superintendent for Business Operations authority to execute up to a thirty-six month future electricity agreement not to exceed the fixed energy rate of $.045/KWh with a start date of June 2024. This authority has been granted in the past (July 2019 is the last request for the current contract period ending May 2024) and will allow the District to monitor rates over the coming months and execute a commitment when the market is at or below he not to exceed rate of $0.045/Kwh.
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Funding:
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Operations & Maintenance Budget - Total Cost TBD
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Board Policy
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Recommendation:
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It is recommended that the Board of Education grant the Assistant Superintendent for Business Operations authority to execute up to a thirty-six month future electricity agreement not to exceed the fixed energy rate of $.045/KWh with a start date of June 2024.
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Approvals:
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Recommended By:
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Signed By:
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Brian O'Keeffe - Asst Superintendent Business Services
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Signed By:
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Jeff Schuler - Superintendent
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Vote Results:
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| Original Motion | | Member Julie Kulovits Moved, Member Brad Paulsen seconded to approve the Original motion 'It is recommended that the Board of Education grant the Assistant Superintendent for Business Operations authority to execute up to a thirty-six month future electricity agreement not to exceed the fixed energy rate of $.045/KWh with a start date of June 2024.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Brad Paulsen | Yes | | Rob Hanlon | Yes | | Dave Long | Yes | | Angela Blatner | Yes | | Julie Kulovits | Yes | | Erik Hjerpe | Yes | | John Rutledge | Yes | |
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