HomeMy WebLinkAbout016 - 02/03/2009 - AUTHORIZING AN AMENDED AND RESTATED ORGANIC CONTRACT FOR PLATTE RIVER POWER AUTHORITY (POSTPONED IND ORDINANCE NO. 016, 2009
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING AN AMENDED AND RESTATED ORGANIC
CONTRACT FOR PLATTE RIVER POWER AUTHORITY
WHEREAS,the City is one of four member municipalities that have enter e into an organic
contract establishing Platte River Power Authority ("Platte River"); and
WHEREAS, the first such contract was entered into in 1975, a the contract was last
amended by the execution of an"Amended and Restated Organic Contra Establishing Platte River
Power Authority as a Separate Governmental Entity" dated July 1, 98 (the "Existing Organic
Contract"), with a termination date of December 31, 2040; and
WHEREAS, agenda items calling for approval of a "Amended and Restated Organic
Contract Establishing Platte River Power Authority as a Se rate Governmental Entity" ("Interim
Organic Contract")dated August 13,2008, were prepared or Council consideration on August 19,
2008 and such items were withdrawn from considerati on that date; and
WHEREAS, a City Council work session ook place on October 28, 2008 to discuss the
Interim Organic Contract dated August 13, 2008 and
WHEREAS, City Council requeste evisions to the Interim Organic Contract that reflect
Platte River's commitment to environme al stewardship and sustainability; and
WHEREAS, the parties have ecently negotiated a proposed, updated agreement entitled
"Amended and Restated Organic C ntract Establishing Platte River Power Authority as a Separate
Governmental Entity" (the "Up ted Organic Contract"), a copy of which is on file with the City
Clerk, dated January 28, 2009 hat includes the revisions requested by Council and the purpose of
which is to replace and sup sede the Existing Organic Contract; and
WHEREAS, t Updated Organic Contract, if approved by the parties, would amend the
provisions of the E 'sting Organic Contract so as to: contain preamble statements and purpose
/aed
ts reflect' g Platte River's commitment to environmental stewardship and sustainability;
e curre manner in which the parties conduct business; expand the kinds of services that
ver I provide to Fort Collins; and obligate Platte River to assist Fort Collins in reaching
a e energy requirements to develop products and services to improve the efficiency of
transmission and use of electrical energy; bring current the dates of the terms of the
d utilities directors ofthe member municipalities and allow such directors to attendandfully
te in Platte River meetings by electronic teleconference; and extend the termination date of
ting Organic Contract by ten years to December 31, 2050.
POSTPONED INDEFINITELY
ON FIRST READING
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FO
COLLINS as follows:
Section 1. That the City Council hereby finds that it is in the best interests the City
to enter into the Updated Organic Contract, which agreement will supersede the Exis ng Organic
Contract.
Section 2. That the Updated Organic Contract in substantially th form on file in the
office of the City Clerk and dated January 28, 2009, is hereby approved, a the Mayor is hereby
authorized and directed to execute the same on behalf of the City.
Introduced, considered favorably on first reading, and orde d published this 3rd day of
February,A.D. 2009, and to be presented for final passage on the th day of February, A.D. 2009.
ayor
ATTEST:
City Clerk
Passed and adopted on final read' g on the 17th day of February, A.D. 2009.
Mayor
ATTEST:
City Clerk
POSTPONED INDEFINITELY
ON FIRST READING