Title
Resolution - Approval of Extensions to Material Alliance Contracts and Execution of Additional Material Alliance Contract - K Jones
Other Info
Submitted By: Kat Jones
Department: Finance
Financial Impact and Cost/Benefit Considerations: As discussed in November Executive Session
Discussion
The Board previously approved alliance agreements in January 2017 with two electric distribution material distributors. The Cooperative may now extend such agreements and execute an additional material alliance contract on the terms as discussed in Executive Session.
Body
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that three (3) agreements for electric distribution Material Alliance Distributors are approved for negotiation and execution up to three (3) year agreements and final terms of such agreements as discussed this day; and
BE IT FURTHER RESOLVED, the Chief Executive Officer, or designee, is authorized to take all actions necessary to implement this resolution.