HomeMy WebLinkAbout22-131 2023-2024 Fixed and Spot Price Fuel Program
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-131
A RESOLUTION AUTHORIZING PARTICIAPTION IN THE 2023-2024 FIXED AND SPOT
PRICE FUEL PROGRAM
Motion By: Braid Second By: Thompson
WHEREAS, the City of Prior Lake purchases its fuel through the State Cooperative
Purchasing Venture to ensure best available pricing; and
WHEREAS, cooperative members are additionally invited to participate in a Fixed and Spot
Price Fuel Program whereby participants commit to purchasing a set amount
of fuel in order to get a more desirable fixed price for the entire program year;
and
WHEREAS, this program provides budget stability and minimizes large fluctuations in cost
throughout the year, and has historically provided more favorable pricing than
the daily spot pricing the City currently uses; and
WHEREAS, the 2023 operating budget includes $462,550 for the purchase of fuel; and
WHEREAS, staff recommends participating in the program for the 2023-2024 program
cycle and to continue each year thereafter without further Council action, as
long as the program is deemed beneficial and cost-effective through an annual
review by Staff.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The Mayor and City Manager hereby authorize staff to complete the application process for
inclusion in the 2023-2024 Fixed and Spot Price Fuel Program, and to continue in the
program as long as it is deemed beneficial and cost-effective for the City.
Passed and adopted by the Prior Lake City Council this 7th day of November 2022.
VOTE Briggs Thompson Burkart Braid Churchill
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager