A. The corporate authorities of the village are authorized to operate an electric aggregation program pursuant to the act and for that purpose may solicit bids and enter into service agreements to facilitate the sale and purchase of electricity and related services and equipment for those loads aggregated pursuant to the electric aggregation program as provided in the act.
B. The corporate authorities of the village may exercise the authority to operate the electric aggregation program jointly with any other municipality or county and, in combination with two (2) or more municipalities or counties, may initiate a process to jointly authorize the electric aggregation program by a majority vote of each particular municipality or county as required by the act.
C. The electric aggregation program shall be approved by a majority of the members of the corporate authorities of the village. The corporate authorities hereby grant the mayor the specific authority to execute a contract without further action by the corporate authorities and with the authority to bind the village. (Ord. 2015-15, 4-8-2015)