...Title
First Amendment to the Agreement with cQuant.io, Inc. for Energy Trading and Risk Management Software.
...Recommendations
Adopt a resolution authorizing the City Manager or her designee to negotiate and execute the First Amendment to the Agreement with cQuant.io, Inc. (Louisville, CO) for energy trading and risk management software to:
(a) Extend the term of the Agreement for up to five additional one-year option terms for a total of nine options, through June 30, 2031, subject to the appropriation of funds; and
(b) Increase the total compensation by $269,456 for a maximum compensation not to exceed $1,405,460 to cover the estimated cost for the option term beginning on or about July 1, 2026, and ending on or about June 30, 2027, subject to the appropriation of funds.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Finance)