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HomeMy WebLinkAbout815112 ORDINANCE NO. 8] 5 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF UKIAH, CALIFORNIA, APPROVING THE TERMS AND CON- DITIONS OF A MEMBER AGREEMENT BETWEEN NORTHERN CALIFORNIA POWER AGENCY AND CERTAIN PARTICIPAT- ING MEMBERS AND AUTHORIZING THE EXECUTION OF AND DELIVERY OF SAID AGREEMENT BY O~FICERS OF TIlE CITY OF UKIAH (GEOTHERMAL PROJECT NO. 3) WHEREAS, pursuant to the provisions, of Chapter 5, Division 7, Title 1 of the~Government Code of the State of California, as amended (the "Joint Powers Act"), the City of Ukiah (the "City") and certain other public agencies created pursuant to the laws of the State of California (collectively, the "Members"), have entered into a Joint Powers Agreement (the "Agreement") creating the Northern California Power Agency (the "Agency"), a public entity separate and apart from the Members; and WHEREAS, in accordance with the Agreement and the Joint Powers Agreement, the Agency proposes to acquire and construct or cause to be acquired and constructed and to operate or cause to be operated a project (the "Project") consisting of (i) two 55-megawatt geothermal generating units, and related facilities, including transmission facilities to the generating tie, in the State of California, and all rights, properties and improvements necessary therefor, including fuel and water facilities and resources, and capital improvements thereto that may be constructed from time to time, and interests in certain other property and rights relating thereto, including a headquarters facility for use by the Agency in connection with the Project; (ii) Project No. 2, subject to the rights of the participants therein; and (iii) the refinancing of certain Development Fund expenditures; and WHEREAS, the City has need for an economical, reliable source of electric power and energy to meet the demands of the customers of its electric system, and, as such WHEREAS, this City Council finds and determines that it is in the best interests of the customers of the electric system of the City for the City to enter into the Agreement for construction, operation and financing of Geothermal Generating Project Number 3 (the "Member Agreement") in substantially the form submitted to this City Council and dated for convenience as of July 1, 1983; WHEREAS, this City Council finds and determines that it is in the best interests of the customers of the electric system of the City for the City to purchase electric capacity and energy of this Project from the Agency; WHEREAS, payments by the City pursuant to the Member Agreement will be used in part by the Agency for payment of principal of and interest on its bonds, notes or other evidences of indebtedness issued in connection with the construction, operation and financing of the Project; NOW, THEREFORE, the City Council of the City of Ukiah does ordain as follows: 1. The City Council hereby finds and determines that the terms and conditions of the Member Agreement (including the East Block Entitlement Percentage and the Project Entitlement Percentage of the City set forth in Appendix A thereto) in substantially the form submitted to this City Council be, and the same are hereby, approved. 2. The City is hereby authorized to enter into the Member Agreement and the Mayor and the Clerk are hereby authorized to execute and deliver the Member Agreement by and on behalf of the City. 3. Pursuant to Section 54241 of the Government' Code of the State of California, this Ordinance is subject to the provisions for referendum applicable to the City. 113 4. The City Clerk shall certify to the enactment of this Ordinance and shall cause this Ordinance to be published in accordance with Section 54242 of the Government Code of the State of California. 5. Thirty (30) days from and after its enactment, this Ordinance shall take effect and be in full force, in the manner provided by law. ADOPTED by the City Council and signed by. the Mayor and attested by the City Clerk this 7th day of September , 1983. Mayor Attest: City Clerk