HomeMy WebLinkAboutReso 2008-010 - Transmission Agency of Northern California
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RESOLUTION NO. 2008 - 10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDDING AUTHORIZING THE CITY MANAGER OR
HIS DESIGNEE TO SIGN THE TRANSMISSION AGENCY
OF NORTHERN CALIFORNIA PROJECT
DEVELOPMENT AGREEMENT
WHEREAS:
A. The Transmission Agency of Northern California(T ANC) is ajoint exercise of powers agency
organized under the laws of the State of California, and;
B. The City of Redding Electric Utility (REU) as a member of the T ANC has been participating
in the conceptual development of a new high-voltage transmission project in the greater
Northern California area, and;
C. REU staffhas determined the addition of 50-60 MW of new transmission capacity in the Zeta
North program element and 30-40 MW of new transmission capacity in the Zeta South
program element will be beneficial to the City's electric service needs over the next 20-30
years, as future economic and population growth will require greater amounts of transmission
capacity than is currently available today, and;
D. In order to migrate from the conceptual stage to the planning and development stages of the
new high-voltage transmission project, the members of the T ANC have drafted a Project
Development Agreement (PDA) for signature and participation of all interested parties, and;
E. REU expects to pay certain expenditures in connection with the PDA for the purpose of
financing costs associated with the study, engineering, environmental, regulatory, and related
project development items, and;
F. REU reasonably expects that payment obligations in an amount not expected to exceed
$600,000 will be payed to the T ANC over the next 2-3 years, and that certain of the proceeds
of such payment obligations will be used to reimburse the T ANC for indebtedness related to
project development financing; and;
G. Alternatively, the T ANC members may elect for each PDA participant to pay their respective
pro-rata share of the PDA costs on an ongoing cash basis, and;
H. REU will return to the City Council with a final PDA report of each of the T ANC program
element findings, and a recommendation for the next steps in the T ANC's program elements,
including the possibility of a construction phase program agreement;
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THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF
REDDING HEREBY AUTHORIZES THE CITY MANAGER OR HIS DESIGNEE TO SIGN
THE TRANSMISSION AGENCY OF NORTHERN CALIFORNIA PROJECT
DEVELOPMENT AGREEMENT:
I HEREBY CERTIFY that the foregoing Resolution was introduced, read, and adopted at a
regular meeting of the City Council on the 5th day of February, 2008, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
COUNCIL MEMBERS:
Bosetti, Dickerson, Jones, Murray, and Stegall
None
None
None
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MAR LE~S STEGALL, yor
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,Attest: )JV f :' "
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Form Approved:
c:ONNIE S"fROH1\(
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, City Attorney
, City Clerk
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RICHARD A. DUVE
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