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interest of the City of Charlottesville. <br />Is <br />NOW THEREFORE, BE IT HEREBY ORDAINED that: <br />(1) Competitive sealed bidding and competitive negotiation for the procurement of <br />Energy Services are not fiscally advantageous to the public because the procurement process for <br />Energy Services must be flexible enough to respond to quickly changing market conditions in <br />which energy prices can fluctuate considerably on a daily or even hourly basis. <br />(2) The aggregation and joint procurement of the Energy Services pursuant to the Joint <br />Powers Agreement is hereby approved. <br />(3) The provision of Steering Committee Services pursuant to the Joint Powers <br />Agreement is hereby approved. <br />(4) The Joint Powers Agreement and the performance of the terms and conditions thereof <br />on behalf of the City of Charlottesville are hereby authorized and approved. <br />(5) The Mayor is hereby authorized and directed to execute and deliver the Joint Powers <br />Agreement on behalf of the City of Charlottesville in substantially the form presented to this <br />meeting. <br />(6) The payment obligations of the City of Charlottesville pursuant to the provisions <br />• hereof and the Joint Powers Agreement shall be subject to annual appropriation of requisite funds <br />therefor by the City of Charlottesville. <br />(7) This Ordinance shall take effect immediately upon its adoption or passage. <br />Approved by Council <br />July 1, 2002 <br />1 k of City Council <br />0 <br />