HomeMy WebLinkAboutReso 92-119 - Approve & Authorize the mayor to sign the Agreement for the Dev of A Peaking Power Generation Project by & Between the COR & MLP Energy For the procurement & const of Combustion Turbines w 0
RESOLUTION NO, -/&
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
APPROVING AND AUTHORIZING THE MAYOR TO SIGN THE
"AGREEMENT FOR THE DEVELOPMENT OF A PEAKING POWER
GENERATION PROJECT BY AND BETWEEN THE CITY OF REDDING
AND MLP ENERGY FOR THE PROCUREMENT AND CONSTRUCTION OF
COMBUSTION TURBINES.
WHEREAS, on December 9 , 1991 , City Council approved a Letter
of Intent with Industrial Power Technology for the purchase of a
combustion turbine project and directed staff to proceed to
develop a definitive agreement; and
WHEREAS, staff, with the assistance of Black and Veatch, has
completed drafting the "Agreement for the Development of a
Peaking Power Generation Project" by and between the City of
Redding and MLP Energy; and
WHEREAS, pursuant to Exhibit G of said Agreement, Industrial
Power Technology is responsible for the performance of MLP
Energy; and
WHEREAS, the Project is consistent with the City' s
established long-term goals of providing reliable, low-cost
electric service to its customers; and
WHEREAS, the Electric Department respectfully recommends
that the City Council approve said Development Agreement;
NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council
of the City of Redding hereby approves entering into the
"Agreement for the Development of a Peaking Power Generation
Project" by and between the City of Redding and MLP Energy, a
true copy of which is presented herewith.
IT IS FURTHER RESOLVED that the Mayor of the City of Redding
is hereby authorized and directed to sign said Agreement on
behalf of the City of Redding; and the City Clerk is hereby
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authorized and directed to attest the signature of the Mayor and
to impress the official seal of the City of Redding thereto.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 17th day of March , 1992, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Carter, Fulton, Moss & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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MIKE DAHL, Mayor
City of Redding
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ATTEST:
CONNIE STROHMAYER, Citi Clerk
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FO PPROVED:
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ALL A. HAYS, C ty Attorney
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