Title
Resolution - Approval of Agreement Extension for Treasury Software Services - R Kruger
Other Info
Submitted By: Randy Kruger
Department: Finance
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
Pedernales Electric Cooperative, Inc. (Cooperative) previously entered into a three-year agreement for treasury management software services that terminates in August of 2025. The Cooperative continues to need the software services provided under that agreement and is seeking a one-year extension under similar terms.
Body
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Cooperative is authorized to execute a one-year extension to its current treasury software services agreement as discussed in Executive Session; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is authorized to take all such actions as needed to implement this resolution.