HomeMy WebLinkAbout1974-086-10/03/1974-RELATING TO THE BY-LAWS OF PLATTE RIVER POWER AUTHORITY AND ESPRESSING THE CONFIDENCE OF THE CITY OF r
RESOLUTION 74-86
OF THE COUNCIL OF THE CITY OF FORT COLLINS
RELATING TO THE BY-LAWS OF PLATTE RIVER
POWER AUTHORITY AND ESPRESSING THE
CONFIDENCE OF THE CITY OF FORT COLLINS
IN PLATTE RIVER POWER AUTHORITY UNDER
ITS PRESENT OPERATING PROCEDURES
WHEREAS, Platte River Power Authority is a nonprofit corporation
organized by the cities of Fort Collins, Loveland, Longmont and Estes
Park, Colorado, for the purpose of delivering electric power and energy
to the electric utilities of such cities, and
WHEREAS, under the existing by-laws of Platte River Power
Authority each such city appoints one member to the Board of Directors
of the Authority, and
WHEREAS, under the control of the Board of Directors so selected
Platte River Power Authority acts as an independent organization in
connection with all matters within its control, and
WHEREAS, the City Council of the City of Longmont has by resolution
requested changes in the by-laws of Platte River Power Authority, the changes
requested being as follows
(1) No budget shall be approved without prior assent
of a majority of the City Councils of the
participants
(2) No bonded debt shall be entered into without the
question being submitted to the Council of each
of the participants and passed by a majority of
the Councils of at least three (3) of the par-
ticipating cities
(3) Each Board member shall have authorization from
their respective Councils prior to voting on
material matters considered by the Board
and
WHEREAS, the Board of Directors of Platte River Power Authority
has by resolution requested that the other participating cities consider
this matter and advise the Board of Directors of Platte River Power
Authority as to their wishes on this matter, and
WHEREAS, the City Council has considered the issues raised by
the resolution of the Longmont City Council and the relations of the City
th r.
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of Fort Collins with Platte River Power Authority and the City Council
desires to express its confidence in the present organization and method
of operation of the Platte River Power Authority
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
FORT COLLINS
1 The Council of the City of Fort Collins hereby expresses
its confidence in the Board of Directors and the method of operation of
the Platte River Power Authority under the current by-laws of said
Authority
2 The Council of the City of Fort Collins hereby requests
that no substantial changes be made at this time in the by-laws of Platte
River Power Authority, and more specifically that its prior approval not
be required before adoption of a budget or before the incurring of debt
by the Authority and that no specific authorization from the City Council
be required in connection with the vote of its representative to the Board
' of Directors of Platte River Power Authority
Passed and adopted at a regular meeting of the City Council held
this 3rd day of October, A D 1974
ATTEST
City Clerk
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