HomeMy WebLinkAboutReso 96-138 - Authorize CM to Execute Various Contract necessary to effect the purchase, sale, and exchange of fuel supplies for electric •�t . � � �
RESOLUTION NO. 96- /3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING (1) THE CITY MANAGER TO EXECUTE TI�E VARIOUS
CONTRACTS NECESSARY TO EFFECT THE PURCHASE, SALE AND
EXCHANGE OF FUEL SUPPLIES FOR ELECTRIC GENERATION AND
OTHER ELECTRIC UTII,ITY-RELATED COMMODITIES UPON
APPROVAL OF THE CITY ATTORNEY; AND (2) THE ELECTRIC
UTILITY STAFF TO IMPLEMENT THE TI�ANSACTIONS
CONTEMPLATED UNDER THE TERMS AND CONDITIONS OF SUCH
CONTRACTS.
WHEREAS, in order to maximize the benefits associated with the short-term power and
fuel-supply market, the City of Redding's Electric Utility operating personnel need the flexibility
to make purchases, sales and exchanges of fuel supplies for electric power generation and other
Electric Utility-related commodities that are available in the short-term power market (one year
or less); and
WHEREAS, market conditions for forms of energy such as natural gas, propane, electric
power, and others vary from time-to-time; and
WHEREAS, producers of fuel may at times desire to provide electric power to the market
existing at that time; and
WHEREAS, the City may, at such times, have the ability to deliver electric power to the
market; and
WHEREAS, in order that transactions in the short-term power and fuel-supply market can
be accomplished promptly, and to ensure that such transactions are in the best interests of the �
City's Electric Utility customers, the Electric Department recommends that the City Council \�
delegate authority to its staff to accomplish such transactions on a limited basis; ��
�
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council of the City
of Redding: %�
1. Deems it in the best interests of the City's Electric Utility customers that �
transactions in the short-term power and fuel-supply market be accomplished
promptly;
��,, ';. . � � •
. .
2. Authorizes the City Manager or his designee to execute the enabling contracts
between the City of Redding and other entities for short-term transactions (one year
or less) in the purchase, sale, and exchange of fuel supplies upon approval as to
form by the City Attorney and attested by the City Clerk; and
3. Authorizes the Electric Utility Director or his designee to approve the transactions
contemplated under the terms and conditions of any executed enabling contract.
I HEREBY CERTIFY that the foregoing resolution was introduced, read and adopted at
a regular meeting of the City Council on the ]"6th day of July , 1996, by the following
vote:
AYEs: COUNCII, MEMBERS: P. Anderson, R. Anderson, Kehoe, Murray and McGeorge
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
<
DAVID cGE GE, ayor
ATTEST:
CONNIE STROHMA , ity Clerk
FORM APPROVED:
� / �
W. LEONA WINGATE, City Attorney
2