HomeMy WebLinkAbout1970-021-02/12/1970-APPROVING NEGOTIATIONS FOR A PARTICIPATING AGREEMENT BETWEEN THE PLATTE RIVER MUNICIPAL POWER ASSOCI 49
RESOLUTION
OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING
NEGOTIATIONS FOR A PARTICIPATING AGREEMENT BETWEEN
THE PLATTE RIVER MUNICIPAL POWER ASSOCIATION AND THE
CITY OF FORT COLLINS IN ORDER TO OBTAIN ADDITIONAL
SOURCES OF POWER AND ENERGY
WHEREAS, it appears that additional sources of power. and energy
will be required by the City of Fort Collins about the year 1975; and
WHEREAS, at a meeting of the Platte River Municipal Power
Association held December 19, 1969, the Board of Directors recommended
the investigation of the possibility of negotiating a participating agree-
ment with other power suppliers, such as the Salt River Project Agricultural
Improvement and Power District, for the construction of a generating station
and associated transmission facilities; and
WHEREAS, a majority of the City Council is now satisfied that
the exploration of such a joint participation agreement with other power
suppliers is advisable; and
WHEREAS, the necessary lead time for the construction of such a
plant in time to meet the needs of the City of Fort Collins is critical.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS that the City of Fort Collins ' representative on the Board
of Directors of the Platte River Municipal Power Association is hereby
directed to use his best efforts to obtain the expeditious negotiation
of such a participating agreement between the Platte River Municipal Power
Association and any other supplier or suppliers of electricity to the end
that a form of agreement may be submitted to the City Council for its
consideration at the earliest practical time; provided, however, that no
such agreement shall be binding upon the City of Fort Collins until formally
approved by the City Council.
BE IT FURTHER RESOLVED that the City of Fort Collins ' representative
be and he is hereby authorized to join with other directors of the Platte
River Municipal Power Association in employing the professional assistance
deemed advisable in the conduct of such negotiations .
Passed and adopted at a regular meeting of the City Council
held this 12th day of February, A. D. 1970..
Ma
ATTEST:
City Cler
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