HomeMy WebLinkAbout2007-35 combusion turbine projectRESOLUTION 2007-35
RESOLUTION OF THE CITY OF UKIAH
APPROVING THE AGREEMENT FOR LAYOFF AND SALE OF PROJECT
ENTITLEMENT PERCENTAGE RELATING TO COMBUSTION TURBINE PROJECT
NUMBER ONE
WHEREAS, the City of Lodi has determined that a portion of its entitlement to CT1 project
capacity and energy is surplus to its needs, and
WHEREAS, the City of Roseville has expressed an interest in procuring Lodi's surplus
capacity and energy entitlement in the CT1 project, and
WHEREAS, Lodi and Roseville negotiated a set of Principles, under which, the sale of Lodi's
surplus capacity and energy entitlement would affect all project participants in the CT1 project, and
WHEREAS, NCPA was directed by the Commission to work with the project participants to
convert the "Principles" into a formal agreement between the participants that effectuated the terms
contained in the "Principles", and
WHEREAS, NCPA worked through the Project Participants and the Facilities Committee to
develop the required agreements and to identify inventory and assess the value of project assets as
further directed by the Commission, and
WHERAS, all Project Participants may receive mutual benefits by implementing the terms of
the Principles as negotiated by Lodi and Roseville, and
WHEREAS ,All Project Participants in the CT1 project support the terms and conditions of the
Agreement for Layoff and Sale of Project Entitlement Percentage Relating to Combustion Turbine
Project Number One and
WHEREAS, said agreement would provide for the sale of the Roseville CT1 Units to the City of
Roseville upon retirement of the bonds for the project and would further provide that the Third Phase
Agreement for the CT1 Project would, at the time the bonds for the project are retired, would be
amended to delete Roseville as a project participant and to add the City of Biggs and the City of
Gridley as project participants.
NOW, THEREFORE BE IT RESOLVED, that the City of Ukiah
Approves the attached agreement entitled "Agreement for Layoff and Sale of Project Entitlement
Percentage Relating to Combustion Turbine Project Number One, and
PASSED, ADOPTED and APPROVED this 19th day of September 2007, by the following vote on roll call:
AYES: Councilmember Thomas, Crane, McCowen, Baldwin, and Mayor Rodin
NOES: None
ABSENT: None
ABSTAIN: None
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TTES ~ - G
Lin wn, eQbty Clerk
Mari Rodin, Mayor