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HomeMy WebLinkAboutReso 2000-117 - Western Reclamation Customers 1 * 4 RESOLUTION NO. 2000- /1 7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING THE EXECUTION OF EXHIBIT C, REVISION 3, AND AMENDMENT NO.2 TO AGREEMENT NO.96-SNR-00110 FOR FUNDING OF THE OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES(AGREEMENT),BY AND BETWEEN THE FOLLOWING PARTIES: UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALIFORNIA, hereinafter called Western and UNITED STATES DEPARTMENT OF INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION hereinafter called Reclamation and CENTRAL VALLEY PROJECT CUSTOMERS hereinafter called Customers. WHEREAS, federal appropriations to finance Reclamation's operation and maintenance (O&M) activities have been declining over the past several years, and federal appropriations to finance Western's purchase power and wheeling(PP&W)activities may also decrease in the future; and WHEREAS,to properly maintain the Central Valley Project(CVP)power deliveries, and avoid deferred maintenance, Western and Reclamation require an adequate and reliable source of funding for the O&M activities; and WHEREAS,in order to assure a predictable flow of funds for O&M activities of the CVP power facilities, Western, Reclamation and Customers wish to continue support of the O&M Funding Program that will provide a source of funds for the O&M of the CVP power facilities in the FY2003 time period and maximize the benefits from those facilities; and c I WHEREAS,in order to allow several existing CVP irrigation customers to aggregate their CVP power usage and participate in the O&M Funding Program, Amendment No. 2 to the Agreement has been prepared to modify Section 13 of the Agreement to allow the Governance Board to approve such assignments or transfers of interest in the Agreement to another party. NOW, THEREFORE, IT IS RESOLVED that the City Council of the City of Redding hereby: 1. Authorizes the Electric Utility Director to approve on an ongoing basis Redding's annual advance funding participation level up to twenty-five percent (25%) of Redding's annual power purchases from Western (approximately $2.5 million). Any greater annual participation amount would be brought back to the City Council for review and reconsideration. 2. Authorizes the Electric Utility Director to execute Exhibit C,Revision 3,to Agreement No. 96-SNR-00110 to authorize the individual customer commitment and contribution of the City of Redding to be set at the qualifying contribution level of$795,245 for the federal fiscal year 2003. 3. Authorizes the Mayor to execute Amendment No.2 to Agreement No.96-SNR-00110;and the City Clerk to attest his signature and affix the seal of the City of Redding thereto. I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular meeting of the City Council of the City of Redding on the 5th day of July 2000 by the following vote: AYES: COUNCIL MEMBERS: Cibula, Kight, McGeorge, Pohlmeyer and Anderson NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None / • e R i BE'T C. ANDERSON, Mayor Attest: Form Approved: • (onn:e Stroh:nayer, City le W. Leonard Wing te, ity Attorney 2