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HomeMy WebLinkAbout2021-03-16; Clean Energy Alliance JPA; MinutesDocuSign Envelope ID: 22630B47-69AB-4CC5-9C62-C301766CE669 Clean Energy Alliance Board of Directors Special Meeting Minutes March 16, 2021, 2 p.m. Virtual Meeting CALL TO ORDER: Chair Becker called to order the special meeting of the Clean Energy Alliance at 2:00 p.m. ROLL CALL: Board Member Druker, Vice Chair Bhat-Patel, Chair Becker FLAG SALUTE: Chair Becker led the flag salute. BOARD COMMENTS & ANNOUNCEMENTS: None PRESENTATIONS: None PUBLIC COMMENT: None New Business Item 1: Adopt Resolution Authorizing Interim Chief Executive Office to Execute EEI Master and Lockbox Agreements and Confirmations to the EEI Master Agreement Related to Energy Procurement RECOMMENDATION Adopt Resolution 2021-008 Authorizing the Interim Chief Executive officer to execute EEI Master and Lockbox Agreements and Confirmations to the EEI Master Agreement related Clean Energy Alliance energy procurement. Interim CEO Barbara Boswell gave an overview of the item and explained that the special meeting was called due to time constraints regarding the execution of energy purchases. Member Druker inquired regarding the vetting of the agreements and General Counsel Stepanicich confirmed vetting by Special Transaction Counsel. Member Druker inquired whether the agreements are subject to the laws of California. General Counsel Stepanicich responded he believed all were subject to laws of California but would have to confirm with Special Counsel Hall. Del Mar City Council Member Dwight Worden inquired as a member of the public regarding the Lockbox non-interest-bearing accounts and Interim CEO Barbara Boswell explained that energy suppliers have first rights to the Lockbox funds and that any amounts over the required minimum would be moved to interest bearing accounts. DocuSign Envelope ID: 2263DB47-69AB-40C5-9C62-C301766CE669 Motion by Board Member Druker, second by Vice Chair Bhat-Patel to adopt Resolution 2021-008 Authorizing the Interim Chief Executive officer to execute EEI Master and Lockbox Agreements and Confirmations to the EEI Master Agreement related Clean Energy Alliance energy procurement. Motion carried unanimously, 3/0. BOARD MEMBER REQUESTS FOR FUTURE AGENDA ITEMS: Chair Becker requested the finalizing of the names of CEA product offerings be placed on the agenda. ADJOURN: Chair Becker adjourned the meeting at 2:13 p.m. DocuSigned by: SustuA, (Ai-O 235FOAD79502428... Susan Caputo, MNIC Interim Board Clerk