Austin plans new five-year propane supply contract

Not to exceed $461,000

SUPPLIES

Initial term of one year with up to four one-year extension options (total 5 years)

Initial term of one year followed by four optional one-year extension terms, each requiring City approval. Annual authorization levels are $85,000 for the initial three years and $103,000 for years four and five; continuation of the contract is contingent on future budget appropriations.

Contract