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HomeMy WebLinkAbout1974-072-07/25/1974-APPROVING AN ASSIGNMENT TO PLATTE RIVER POWER AUTHORITY r RESOLUTION OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROVING AN ASSIGNMENT TO PLATTE RIVER POWER AUTHORITY WHEREAS, heretofore the City of Fort Collins has participated along with the Cities of Loveland, Estes Park, Greeley, Longmont and Boulder in a venture to acquire and develop additional waters from a project known as the "Windy Gap Project", and WHEREAS, the Municipal Subdistrict of the Northern Colorado Water Conservancy District (hereinafter referred to as the "Subdistrict") , was formed to develop such waters for the Cities participating, and WHEREAS, the Subdistrict has extended to the six participating Cities the preferential right to sign an allotment agreement for the waters to be developed from the Windy Gap Project, and WHEREAS, the Platte River Power Authority is an agency and instrumentality of the City of Fort Collins that supplies the electrical power and energy requirements of the City, and WHEREAS, the Platte River Power Authority has requested that, if the City makes a determination that it does not desire to execute an allotment contract with the Subdistrict for its water utility, the City assign its prefer- ential right to enter into such allotment contract to the Platte River Power Authority, and 11HEREAS the Water Board of the City of Fort Collins has made a study and has recommended to the City Council that the City of Fort Collins not enter into an allotment agreement with the Subdistrict in connection with its water utility but that the City assign its right to enter into such allotment agreement to the Platte River Power Authority, and WHEREAS, it is the opinion of the City Council that the recommendation of the Water Board should be followed and WHEREAS, an assignment from the City of Fort Collins to Platte River Power Authority has been prepared and approved by the City Attorney and the City Manager NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS that the right of the City of Fort Collins to a preferential share of one-sixth (1/6) of the waters developed by the municipal subdistrict of the Northern Colorado Water Conservancy District be assigned to the Platte River Power Authority, an agency and instrumentality of the City of Fort Collins, to be used for the pro- duction of electrical power to meet the energy requirements of the City of Fort Collins BE IT FURTHER RESOLVED that the assignment prepared and presented to the City Council be, and the same hereby is, approved and accepted, and the Mayor and City Clerk be, and they hereby are, authorized and directed to execute said assignement for, and on behalf of, the City Fort Collins Passed and adopted at a Special Meeting of the City Council on this 25th day of July, 1974 ATTEST yor - City Cler;.