1980-02-26 Joint Special CC PUB Board MinutesJOINT SPECIAL MEETING OF THE CITY COUNCIL
AND PUBLIC UTILITIES BOARD OF THE CITY OF
ALAMEDA
HELD TUESDAY FEBRUARY 26, 1980
The meeting convened at 7:30 p.m. with City Council President Corica and
Public Utilities Board President Monsef presiding.
ROLL CALL: Council: Present: Councilmen Diament, Sherratt, Stone,
Tillman, and President Corica - 5. Absent: None. Public Utilities Board:
Commissioners Cecchettini, Durein, Roberts, Rupp, and President Monsef - 5.
Absent: None.
City and Bureau of Electricity officials present:
City Manager, J. Bruce Rupp
City Attorney, Carter Stroud
City Engineer, Mark Hanna
City Clerk, Deen Speegle
General Manager, Bureau of Electricity, Jack Shepard
Secretary to Public Utilities Board, Walter Nyland
The Notice and Agenda of this special meeting is on file in the Office of the
City Clerk. Purpose of this special meeting was consideration of legislation
relative to authorizing the Northern California Power Agency to issue revenue
bonds and action thereon if desired.
Note: A tape of the meeting in its entirety is on file in the Office of the
City Clerk.
80 -162 Mr. Shepard stated that the Northern California Power Agency proposes
to issue revenue bonds in the amount of S28,000,000 to provide a portion of the
cost of construction of an electric generating plant powered by geothermal steam
and that it is anticipated revenues derived from the sale of electric power
generated by the plant would be sufficient for payment of bonds. He further
stated that the cost of electricity to consumers would be less than the cost
of power provided by Pacific Gas and Electric Company.
Mr. Shepard stated that the Public Utilities Board should adopt resolutions
approving two agreements and recommending that the City Council authorize the
Northern California Power Agency to issue revenue bonds.
Department of Public Utilities Resolution No. 3230, "Approving the agreement of
the Northern California Power Agency member cities to purchase power from the
NCPA Shell Project."
Commissioner Durein made a motion, seconded by Commissioner Cecchettini, that
the resolution be adopted; the motion carried by the following roll call vote:
Ayes: Commissioners Cecchettini, Durein, Roberts, Rupp and President Monsef - 5.
Department of Public Utilities Resolution No. 3231, "Approving the agreement
of the Northern California Power Agency Member cities to purchase power from
the NCPA Shell Project when the project construction indebtedness has been
retired."
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Commissiona°Cecchettini made a motion, seconded by Commissioner Durein, that
the resolution be adopted; the motion carried by the following roll call vote:
Ayes: Commissioners Cecchettini, Durein, Roberts, Rupp and President Monsef - 5.
Department of Public Utilities Resolution No. 3232, "Recommending to the City
Council, City of Alameda, that an ordinance be prepared authorizing NCPA
to issue revenue bonds to finance the Shell Geothermal Project."
Commissioner Durein made a motion, seconded by Commissioner Cecchettini, that
the resolution be adopted; the motion carried by the following roll call vote:
Ayes: Commissioners Cecchettini, Durein, Roberts, Rupp, and President Monsef - 5.
INTRODUCTION OF ORDINANCES
Ordinance No.. , New Series, "Authorizing the Northern California Power Agency
to issue revenue bonds."
Councilman Diament made a motion, seconded by Councilman Sherratt, that the
ordinance be introduced, passed to print, and placed on the Council agenda of
March 4, 1980 for final passage; the motion carried on the following roll call
vote: Ayes: Councilmen Diament, Sherratt, Stone, Tillman and President Corica - 5.
Councilman Tillman referred to a Northern California Power Agency bulletin
dated June 7, 1979, outlining expenditures to date. He noted that at that time
the balance in the Development Fund was 5538,000 and deposits since then would
bring the current total to S673,276.
Mr. Shepherd stated that it would be his recommendation that this money be held
in the Development Fund to develop future proJects.
ADJOURNMENT
Councilman Sherratt made a motion, seconded by Councilman Diament, that the Council
adjourn to an Executive Session for discussion of litigation and personnel matters;
the motion carried by unanimous voice vote - 5. At the conclusion of discussion,
it was determined that no action would be taken.
There being no further business to come before the meeting, the Council adjourned
at 8:40 p.m.
Respectfully submitted,
DEEN SPEEGLE
City Clerk
2/26/80