HomeMy WebLinkAbout1974-011-02/07/1974-APPROVING AN AGREEMENT TO BE ENTERED INTO WITH THE PLATTE RIVER POWER AUTHORITY PROVIDING FOR THE SA F c
RESOLUTION 7�-
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROVING AN AGREEMENT TO BE ENTERED INTO
WITH THE PLATTE RIVER POWER AUTHORITY PROVIDING
FOR THE SALE OF CERTAIN TRANSMISSION FACILITIES
OF THE CITY OF FORT COLLINS LIGHT AND POWER
DEPARTMENT TO THE PLATTE RIVER POWER AUTHORITY
WHEREAS, the City of Fort Collins purchases and receives all
electric power and energy which it requires from the Platte River Power
Authority, and
WHEREAS, some of the transmission facilities of the City of Fort
Collins Light and Power Department were acquired and constructed anticipating
that they would eventually be used by the Platte River Power Authority to
serve the City of Fort Collins and other cities receiving power from said
Authority, and
WHEREAS, such facilities, because of the establishment of the
Platte River Power Authority, are surplus to the system of the City of Fort
Collins and can be disposed of provided that the City retains the right to
use such facilities for its transmission needs, and
WHEREAS, an agreement has been prepared providing for the sale
to tha Platte River Power Authority of the surplus facilities, but reserving
to the City of Fort Collins the right to use such facilities for its own
transmission needs, and
WHEREAS, the terms and conditions of said agreement have been
approved by the City Manager and the City Attorney and the City Council
desires to approve the same
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS
Section 1 The City Council hereby finds and determines that
the facilities of the City of Fort Collins Light and Power Department
describe4 in the proposed agreement between the City of Fort Collins and
Platte River Power Authority are surplus and should be disposed of by
sale to Platte River Power Authority, reserving a right to use the same
m the City
Section 2 The terms and conditions of the proposed agreement
between the City of Fort Collins and Platte River Power Authority be, and
the same hereby are, accepted and approved
Section 3 The Mayor and City Clerk be, and they hereby are,
authorized and directed to execute for and on behalf of the City of Fort
Collins the proposed agreement between the City of Fort Collins and Platte
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River Power Authority, the Bill of Sale to Platte River Power Authority
transferring ownership of the facilities covered by said agreement and
assigning to Platte River Power Authority the right of way from the Union
Pacific Railroad Company upon which such facilities are erected
Passed and adopted at a regular meeting of the City Council
held this 7th day of February, A D 1974
r
ATTEST 'r Mayor
r
Cify Llerk
JJ P
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