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File #: 21-3239    Version: 1 Name:
Type: Orange County Transit District Item Status: Agenda Ready - Consent
File created: 2/8/2021 In control: Finance and Administration Committee
On agenda: 2/22/2021 Final action: 2/22/2021
Title: Amendment to Agreement for Renewable Natural Gas
Sponsors: Ron Rojas, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Title

Amendment to Agreement for Renewable Natural Gas

 

Overview

On March 14, 2016, the Orange County Transportation Authority Board of Directors approved an agreement with Element Markets Renewable Energy, LLC, to provide renewable natural gas and consulting services for management  of the Low Carbon Fuel Standard Program for a three-year initial term with two, two-year option terms. An amendment is required to exercise the second option-term.

 

Recommendation(s)

Authorize the Chief Executive Officer to negotiate and execute Amendment No. 8 to Agreement No. C-5-3636 between Orange County Transportation Authority and Element Markets Renewable Energy, LLC, to exercise the second two-year option-term, in the amount of $9,500,000, to provide renewable natural gas and consulting services for management of the Low Carbon Fuel Standard Program. This will increase the maximum obligation of the agreement to a total contract value of $27,560,000.