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HomeMy WebLinkAbout099 - 08/19/2008 - AUTHORIZING AN AMENDED AND RESTATED ORGANIC CONTRACT FOR PLATTE RIVER POWER AUTHORITY (WITHDRAWN ON ORDINANCE NO. 099, 2008 OF THE COUNCIL OF THE CITY OF FORT COLLINS AUTHORIZING AN AMENDED AND RESTATED ORGANIC CONTRACT FOR PLATTE RIVER POWER AUTHORITY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 entered into organic contract establishing Platte River Power Authority ("Platte River"); and WHEREAS, the first such contract was entered into in 1975, and the intact was last amended by the execution of an"Amended and Restated Organic Contract Estab shing Platte River Power Authority as a Separate Governmental Entity" dated July 1, 1998 ( e "Existing Organic Contract'), with a termination date of December 31, 2040; and WHEREAS, the parties have recently negotiated a propose updated agreement entitled "Amended and Restated Organic Contract Establishing Platte Rive ower Authority as a Separate Governmental Entity" (the "Updated Organic Contract'), a cop of which is on file with the City Clerk,dated August 13,2008,the purpose of which is to replac and supersede the Existing Organic Contract; and WHEREAS, the Updated Organic Contract, i pproved by the parties, would amend the provisions of the Existing Organic Contract so as to: eflect the current manner in which the parties conduct business; expand the kinds of services t t Platte River will provide to Fort Collins; and obligate Platte River to assist Fort Collins in re ing its renewable energy requirements to develop products and services to improve the efficie cy of generation, transmission and use of electrical energy; bring current the dates of the to s of the appointed utilities directors of the member municipalities and allow such directors attend and fully participate in Platte River meetings by electronic teleconference; and extend a termination date of the Existing Organic Contract by ten years to December 31, 2050. NOW, THEREFORE, B IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. Th the City Council hereby finds that it is in the best interests of the City to enter into the Updat Organic Contract, which agreement will supersede the Existing Organic Contract. Section 2 That the Updated Organic Contract in substantially the form on file in the office of the C' Clerk and dated August 13, 2008, is hereby approved, and the Mayor is hereby authorized d directed to execute the same on behalf of the City. i i WITHDRAWN FROM CONSIDERATION i I i i r Introduced, considered favorably on first reading, and ordered published this 19t day of August, A.D. 2008, and to be presented for final passage on the 2nd day of September, . 2008. Mayor ATTEST: City Clerk Passed and adopted on final reading this 2nd day of Septem er, A.D. 2008. Mayor ATTEST: City Clerk WITHDRAWN FROM CONSIDERATION