HomeMy WebLinkAboutCentral Valley Project Corporation 2011-03-16; Amendment 1 2023-12-11 - Membership CVP Corp
FIRST AMENDMENT TO CENTRAL VALLEY PROJECT CORPORATION MEMBERSHIP
AGREEMENT
This First Amendment ("Amendment") to Central Valley Project Corporation Membership
Agreement is entered into by and between the Central Valley Project Corporation, a California
nonprofit public benefit corporation ("CVP Corp") and the City of Ukiah, (individually a
"Participant"), and each undersigned participant collectively referred to as "the Participants". The
CVP Corp and any of the Participants individually are called "Party" and collectively are called
"Parties."
WHEREAS, the City of Ukiah entered into the Central Valley Project Corporation
Membership Agreement dated effective March 16, 2011 (the "Agreement"); and
WHEREAS, CVP Corp is formed for the benefit of, and to carry out the purposes of, the
Participants by helping the Participants achieve cost savings and efficiencies; facilitating customer
involvement, and conducting joint actions as directed by the Participants; and
WHEREAS, the United States of America, Department of Energy, Western Area Power
Administration (WAPA) and CVP Corp entered into Contract 03-SNR-00583 ("Funding Contract") on
June 25, 2003; and
WHEREAS, each Participant has entered into a 2025 Base Resource Contract with WAPA
for a percentage of WAPA's Base Resource power for deliveries beginning January 1, 2025, for a
maximum term of thirty years; and
WHEREAS, the Parties now desire to amend the Agreement to extend the term of the
Agreement for an additional ten-year period from the original expiration date of December 31,
2024, to a new date of December 31, 2034, and
WHEREAS, the Parties have agreed to modify the Agreement as set forth above; and
WHEREAS, in accordance with Section k), Paragraph e), all changes to the Agreement
must be in writing and signed by CVP Corp and the Participants who desire to extend the term of
the Agreement; and
NOW, THEREFORE, the Parties agree as follows:
1. Section ' —Term of the Agreement, Termination. The first sentence of this section of the
Agreement is amended and restated to extend the term of the Agreement as follows:
This Agreement shall become effective upon execution by the CVP Corp and upon the
signature of a sufficient number of Participants as determined by the CVP Corp Board of
Directors and, unless earlier terminated, shall remain in effect until December 31, 2034.
The remainder of Section j of the Agreement is unchanged.
First Amendment to Central Valley Project Corporation Membership Agreement between
Central Valley Project Corporation and the City of Ukiah
Template 6-8-18 Page 1 of 2
2. This Amendment in no way alters the terms and conditions of the Agreement except as
specifically set forth herein.
Date: s Date: f --//' a3
CENTRAL VALLEY PROJECT CORPORATION CITY OF UKIAH
RAN by S. H WARD S A OMO
Chair, Board of Directors Ci anage
Approved as to Form:
ne E. Luck ardt, General Counsel
First Amendment to Central Valley Project Corporation Membership Agreement between
Central Valley Project Corporation and the City of Ukiah
Template 6-8-18 Page 2 of 2