Title
Draft Resolution - Approval of Software Subscription Contract - L Cunningham
Other Info
Submitted By: Robyn Miller on Behalf of Lance Cunningham
Department: Markets
Financial Impact and Cost/Benefit Considerations: Subscription cost is below CEO’s delegation of authority, but is for a three-year term agreement.
Discussion
The Cooperative uses software to perform risk bask modeling for power supply options. The Cooperative requests approval for a three-year software subscription and license agreement for which the Cooperative has developed custom processing tools.
Body
now, therefore, be it RESOLVED BY THE BOARD OF DIRECTORS OF PEDERNALES ELECTRIC COOPERATIVE, INC. that the Board approve a three (3) year software subscription and license agreement; and
BE IT FURTHER RESOLVED that the Chief Executive Officer, or designee, is hereby authorized to take such other actions as needed to implement this resolution.