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Res 020-2015 2/17/2015Resolution No. 20-2015 Resolution accepting a proposal from NUCO Controls, LLC for the purchase and installation of power factor correction equipment at various City facilities in the amount of $123,464.18, and making budgetary appropriations of $92,598 a nd $30,867 in the Water/Sewer and General Funds, respectively WHEREAS, ONCOR assesses a power factor surcharge on electric accounts that use power at less than 95% efficiency; and, WHEREAS, the City has determined that it has 11 facilities that are recei ving significant power factor surcharges; and , WHEREAS, there is equipment that can be installed at these facilities to eliminate these surcharges; and , WHEREAS, the City solicited proposals from manufacturers of such equipment to determine how quickly the City can begin receiving a return on investment in such equipment; and, WHEREAS, the City Council has determined that the proposal submitted by NUCO Controls, LLC is in the best interest of the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: A proposal from NUCO Controls, LLC for the purchase and installation of power factor correction equipment at various City facilities in the amount of $123,464.18 is hereby accepted, and budgetary appropriations of $92,598 and $30,867 in the Water/Sewer and General Funds, respectively , are hereby approved. PASSED AND APPROVED this the 17th day of February, 2015. ______________________________ M A Y O R ATTEST: ____________________ City Clerk