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File #: 20-631    Version: 1 Name:
Type: Resolution Status: Mayor's Office
File created: 11/3/2020 In control: City Council
On agenda: 12/8/2020 Final action: 12/8/2020
Title: A Resolution Approving an Intergovernmental Agreement Between the City of Colorado Springs, on Behalf of its Enterprise Colorado Springs Utilities and Ellicott Fire Protection District to Provide Investment Recovery Services Presenter: Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities Melissa Noble, Chief Customer and Corporate Services Officer, Colorado Springs Utilities
Attachments: 1. Ellicott Fire Protection IGA (Utilities IRO services), 2. IGA_RES-Ellicott Fire Protection_2020-11-5

 

Title

A Resolution Approving an Intergovernmental Agreement Between the City of Colorado Springs, on Behalf of its Enterprise Colorado Springs Utilities and Ellicott Fire Protection District to Provide Investment Recovery Services

  Presenter: 

Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Melissa Noble, Chief Customer and Corporate Services Officer, Colorado Springs Utilities

 

Body

  Summary:

The IGA outlines the agreement for Colorado Springs Utilities to provide investment recovery services to Ellicott Fire Protection.

 

  Background: 

This agreement is consistent with current investment recovery IGAs with Colorado Springs Utilities retaining 25 percent of the proceeds of each sale.

  Previous Council Action:

N/A

 

  Financial Implications:

Colorado Springs Utilities to receive 25 percent of the proceeds of each sale.

 

  City Council Appointed Board/Commission/Committee Recommendation:

N/A

 

  Stakeholder Process:

N/A

 

  Alternatives:

N/A

 

Recommended Action

  Proposed Motion:

Approve the resolution approving the intergovernmental agreement between Ellicott Fire Protection and Colorado Springs Utilities to provide investment recovery services

 

Summary of Ordinance Language

N/A



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