01
107 KB
Memorandum
107 KB
Extracted
AI Summary
file
7bf05323-e4fb-4367-9c6f-7193ba53110c.pdf
sha
fbac97b0f855
source
unavailable
Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.
The document is a memorandum regarding a city council action request for a first amendment to the agreement with cQuant.io, Inc. for energy trading and risk management software. It recommends extending the agreement term and increasing total compensation to ensure continuity of services provided by the Energy Department.
Key points
- Department involved: Finance
- City Council action request related to energy trading and risk management software.
- Recommendation to extend the agreement with cQuant.io, Inc. for up to five additional one-year option terms.
- Total compensation increase of $269,456 for a maximum of $1,405,460.
- Current agreement term expires on June 30, 2026.
- Funding sourced from the Energy Department’s Non-Personal/Equipment appropriation in the San José Clean Energy Fund.
Limitations
- The document contains unresolved placeholders such as specific dates and funding details.
- The document does not provide information on the council district or specific item number.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 2,690 chars
COUNCIL AGENDA: FILE: ITEM: Department(s): Finance Council District(s): Citywide CITY COUNCIL ACTION REQUEST CEQA: Coordination: Not a Project, File No. City Attorney’s Office; PP17-003, City Manager’s Budget Agreements/Contracts Office; Energy (New or Amended) Department resulting in no physical changes to the environment. 2/24/26 26-155 2.9 Dept. Approval: Maria Öberg CMO Approval: 2/6/26 SUBJECT: First Amendment to the Agreement with cQuant.io, Inc. for Energy Trading and Risk Management Software RECOMMENDATION: 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. BASIS FOR...