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HomeMy WebLinkAboutReso 2003-091 - Central Valley ProjectRESOLUTION NO. 2003- ~/ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING REVISING THE LEVEL OF FUNDING IN AGREEMENT NO. 96-SNR-00110 FOR 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 OFINTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION, hereinafter called USBR, and CENTRAL VALLEY PROJECT CUSTOMERS, hereinafter called Customers. WHEREAS: 1. On February 18, 199'7, by Resolution No. 97-32, the City Council entered into Contract No. 96-SNR-00110 for funding of the operation and maintenance for Central Valley Project power facilities, which has been amended from time to time. Federal appropriations to finance USBR's operatiOn and maintenance (O&M) activities have been declining over the past several years, and federal appropriations to finance Westem's purchase power and wheeling activities may also decrease in the future; To properly maintain the CVP power deliveries, and avoid deferred maintenance, Western and USBR require an adequate and reliable source of funding for the O&M activities; and In order to assure a predictable flow of funds for O&M activities of the CVP power facilities, Western, USBR, 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 and maximize the benefits from those facilities. NOW, 1. 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. Authorizes the Mayor to execute Amendment No. 3 to Contract No. 96-SNR-00110 and the City Clerk to attest her signature and affix the seal of the City thereto. I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a meeting of the City Council on the 17th day of June 2003 by the following vote: AYES: COUNCIL MEMBERS: Ma thena, NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Kight ABSTAIN: COUNCIL MEMBERS: None Pohlmeyer, Stegall and Cibula Attest: Form Approved: Brad Fuller, City Attorney 2