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HomeMy WebLinkAbout2010-31 Amend 1 to CT 1 AgreementRESOLUTION NO. 2010- 31 WHEREAS: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH APPROVING AMENDMENT NO. 1 TO CT 1 AGREEMENT AND QUITCLAIM DEED AND AUTHORIZING CITY MANAGER TO SIGN SAME 1. The City of Ukiah is a party to the Agreement for Construction, Operation and Financing of Combustion Turbine Project Number One ("CT 1 Agreement"), pursuant to which it acquired a "project entitlement percentage" to the capacity and energy produced by combustion turbine power generating plants located in the cities of Roseville, Lodi, and Alameda; and 2. The parties to the CT 1 Agreement have agreed to convey full title to the plant in Roseville to the City of Roseville ("two Roseville CT 1 Units") in exchange for the City of Roseville relinquishing its interest in the other plants subject to the CT 1 Agreement; and 3. To implement this agreement the City Council must approve the First Amendment to the CT 1 Agreement and quitclaim all of its right, title and interest in the plant in Roseville to the City of Roseville; and 4. The City Council's actions as described above are subject to: agreement; a. the other parties to the CT 1 Agreement approving the First Amendment to that b. the other parties to the CT 1 Agreement quitclaiming all of their right, title and interest in the two Roseville CT 1 Units to the City of Roseville; c. the City of Roseville quitclaiming all its right, title and interest in the other CT-1 plants to the other parties to the CT 1 Agreement; and Roseville; d. NCPA executing and delivering its Grant Deed to the two Roseville CT 1 Units to NOW, THEREFORE, BE IT RESOLVED as follows: 1. Subject to satisfaction of the conditions set forth in paragraph 4 of the above recitals, the First Amendment to the Agreement for the Construction, Operation, and Financing of Combustion Turbine Project One, as set forth in the Attachment 1 to the Agenda Summary Report for item 7g on the City Council agenda for August 18, 2010 ("ASR"), is hereby approved and the City Manager is hereby authorized to sign the agreement on behalf of the City and, thereby, to bind the City to the terms of that amendment. Page 1 of 2 2. Subject to satisfaction of the conditions set forth in paragraph 4 of the above recitals, the City Council approves the Quitclaim Deed conveying all of the City's right, title and interest in the two Roseville CT 1 Units in substantially the form of Attachment 2 to the ASR, and authorizes the City Manager to execute the Quitclaim Deed on the City's behalf. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Ukiah on the 18th day of August, 2010, by the following roll call vote: AYES: Councilmembers Landis, Crane, Baldwin, and Mayor Thomas NOES: None ABSENT: Gouricilmember Rodin ABSTAIN: None Benj Tho as, Mayor ATTEST: 1~,,W OL111 e 6Anne M. Currie, City Clerk