HomeMy WebLinkAboutReso 2002-091 - Central Valley Project RESOLUTION NO. 2002- qi
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
REVISING THE LEVEL OF PARTICIPATION IN ADVANCEMENT OF
FUNDS CONTRACT NO. 00-SNR-00241 FOR CENTRAL VALLEY
PROJECT PURCHASE POWER AND WHEELING, BY AND BETWEEN
THE FOLLOWING PARTIES:
UNITED STATES DEPARTMENT OF ENERGY
WESTERN AREA POWER ADMINISTRATION
hereinafter called Western
and
CERTAIN CENTRAL VALLEY PROJECT
FIRM ELECTRIC SERVICE CONTRACTORS
hereinafter called Participants.
WHEREAS:
1. On July 5, 2000, by Resolution No. 2000-119,the City Council entered into Advancement of
Funds Contract No. 00-SNR-00242 for Central Valley Project purchase power and wheeling.
2. Federal appropriations to finance Western's purchase power and wheeling (PP&W)
activities have been declining over the past several years; and federal appropriations to
finance Western's PP&W activities may also decrease in the future.
3. To properly maintain the Central Valley Project (CVP) power deliveries, Western requires
an adequate and reliable source of funding for the PP&W activities.
4. In order to assure a predictable flow of funds for PP&W activities for CVP power deliveries,
Western and Participants wish to continue support of the PP&W Program that will provide a
source of funds for the PP&W of the CVP power delivery and maximize the benefits from
those contracts.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Redding
hereby authorizes the Electric Utility Director to approve on an ongoing basis Redding's annual
advance funding participation level up to Redding's ability to receive credits on Redding's monthly
power bill from Western.
Al
Resolution No. 2002-
I HEREBY CERTIFY that the foregoing resolution revising the level of participation in
Advancement of Funds Contract No. 00-SNR-00241 for Central Valley Project purchase power and
wheeling was introduced, read and adopted at the regular meeting of the City Council of the City of
Redding on the 18th day of June, 2002, by the following vote:
AYES: COUNCIL MEMBERS: Cibula, McGeorge, Pohlmeyer, Stegall and Kight
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
2. ycf- L
PAT KIGHT, Mayor
Attest:
Connie Strohmayer, City/lerk
Form kii___,
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W. Leonard Wingate, City ttorney
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