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ORDINANCE N0. 745
AN ORDINANCE OF THE CITY OF UKIAH
AUTHORIZING THE NORTHERN CALIFORNIA
POWER AGENCY TO ISSUE REVENUE BONDS
The City Council of the City of Ukiah does ordain as follows:
Section 1. The Northern California Power Agency (NCPA)
organized under that certain Joint Powers Agreement to which this
City is a party, dated July 19, 1968, as amended, is hereby
authorized to issue revenue bonds, as provided in said Joint Powers
Agreement, pursuant to the provisions of Article 2 (commencing o;ith
Section 6540) Chapter 5, Division 7, Title 1 of the Government Code
of the State of California in an amount not to exceed Twenty-eight
Million Dollars ($28,000,000), for the project described in
Section 2 hereof provided that nothing herein shall be deemed to
prevent the issuance of additional bonds to the exter:t such
additional bonds are required to complete the financing of the
project described in Section 2 hereof.
Section 2. The project to be funded by the revenue bonds hereby
authorized is the loaning of funds to Northern California Dlunicipal
Power Corporation No. Two, a non-profit corporation (the "Corporation"),
for the purpose of acting on behalf of NCPA in the acquisition,
construction, maintenance and operation of a power plant (using
geothermal steam produced from certain leasehold interests of Shell
Oil Company in Sonoma County, California and provided to NCPA
pursuant to a Geothermal Steam Sales Agreement dated as of June 27,
1977, as amended), and other facilities and appurtenances necessary
or convenient to such plant, including transmission lines.
Section 3. The anticipated sources of revenue for the
payment of the bonds herein authorized to be issued by the NCPA
are loan repayments to be made by the Corporation to NCPA under
an appropriate loan agreement and to be derived from the sale of
power produced by the plant referred to in Section 2 hereof, and
any payments made by certain NCPA members pursuant to Section 5(b)
of the "Member Agreement for the Construction, Operation and
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Financing of NCPA Geothermal Generating Unit Project #2" as may
from time to time be amended.
Section 4. The Cities of Palo Alto and Redding are not
participants in the acquisition, construction, maintenance, operation
or financing of the plant referred. to in Section 2 hereof and nothing
in this ordinance shall mean or be construed to mean that the City
of Palo Alto or the City of Redding has assumed or agreed to assume
any financial or other responsibility or liability associated with
the acquisition, construction, maintenance, operation or financing
of such plant.
Section 5. This ordinance is subject to the provisions for
referendum prescribed by Section 3751.7 of the Elections Code of
the State of California. Subject to the foregoing, this ordinance
shall take effect and be in force sixty (60) days from the date of
adoption.
Section 6. The City Clerk of the City is hereby directed to
cause this ordinance to be published within fifteen days after its
adoption in a newspaper of general circulation within the City of
Ukiah and shall also do all other things required to cause notice
of this ordinance to be published in the manner required by
Section 6040.1 of the Government Code of the State of California.
PASSED AND ADOPTED this 7th day of n4ay, 1980 by the following roll
call vote:
AYES: Councilmembers Riley, Myers, Hickey
NOES: Councilmembers Feibusch, Snyder
ABSENT: None
s/Hays Hickey \
MAYOR
ATTEST:
s/Hattie Tillotson
City Clerk