Resolution 12850CITY OF ALAMEDA RESOLUTION NO. 12850
APPROVING AND AUTHORIZING THE EXECUTION OF THE
AGREEMENT FOR FINANCING. ELECTRIC CAPACITY WITH THE
NORTHERN CALIFORNIA POWER AGENCY
WHEREAS, the Northern California Power Agency ( "NCPA ")
has entered into that certain WWP -NCPA 20 -Year Power Sale
Agreement ( "Power Sale Agreement ") effective as of October 10,
1991, between NCPA and the Washington Water Power Company
pursuant to which NCPA has acquired, as agent for those members
of NCPA executing the Third Phase Agreement maintained below 50MW
of firm electric capacity; and
WHEREAS, NCPA has entered into that certain Northwest
Resources Third Phase Agreement (the "Third Phase Agreement "),
dated as of October 11, 1991 among NCPA and the City of Alameda,
the City of Healdsburg, the City of Lodi, the City of Lompoc, the
City of Palo Alto, the City of Roseville, the Turlock Irrigation
District and the City of Ukiah, and
WHEREAS, the City of Alameda, Bureau of Electricity has
requested NCPA to issue its bonds for the purpose of financing
the cost of the Bureau's share of the electric capacity made
available to the Bureau under the Third Phase Agreement; and
WHEREAS, NCPA is to undertake the financing of such
electric capacity described in the Agreement for Financing
Electric Capacity between NCPA and the City of Alameda; and
WHEREAS, the Public Utilities Board of the City of
Alameda, Bureau of Electricity has previously recommended this
financing action at its October 21, 1996, meeting; and
WHEREAS, there has been prepared and submitted to this
meeting a form of the Agreement for Financing Electric Capacity
with the Northern California Power Agency; a copy of which is
attached to the City Council staff report.
NOW, THEREFORE, BE IT RESOLVED by the Council of the
City of Alameda that said Council hereby approves the Agreement
for Financing Electric Capacity and authorizes the Interim City
Manager or his designee to execute the same.
I, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed by the Council
of the City of Alameda in regular meeting assembled on the 21st
day of January , 1997, by the following vote to wit:
AYES: Councilmembers Daysog, DeWitt, Kerr, Lucas
and President Appezzato - 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereuntc set my hand and affixed the
official seal of said City this 22nd day of January , 1997.
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Diane Felsch, City Clerk
City of Alameda