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HomeMy WebLinkAboutRES 2000-23 - Board Public f Resolution No. 2000=23 AUTHORIZING AN INCREASED ENTITLEMENT SHARE IN THE RESOURCE 2000 PROJECT POWER SALES CONTRACT WITH UTAH ,ASSOCIATED MUNICIPAL POWER SYSTEMS AND RELATED MATTERS WHEREAS, Truckee Donner Public Utility District, California (the "Participant') has previously entered into the Resource 2000 Project Power Sales Contract, dated as of September 1, 2000 (the Power Sales Contract')with Utah Associated Municipal Power Systems ("UAMPS') in order to obtain a long-term supply of electric power and energy and to enable UAMPS to proceed with the acquisition of its Resource 2000 Project; and WHEREAS, additional Entitlement Shares have become available to UAMPS and the Participant desires to increase the amount of its Entitlement Share under the Power Sales Contract in order to obtain additional power and energy from the Resource 2000 Project; NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of Truckee Donner Public Utility District, as follows: Section 1. Increased Entitlement Share. The Participant hereby authorizes and approves an increase in its Entitlement Share under the Power Sales Contract so that Participant's total Entitlement Share is equal to up to 7.04% (representing up to 25,000 kilowatts*of capacity). The officers of the Participant and the Participant's Representative to UAMPS are hereby authorized and directed to take all actions necessary to implement this increase in the Participant's Entitlement Share. Section 2. Miscellaneous; Effective Date. (a) This resolution shall remain in effect and not be repealed until the expiration or termination of the Power Sales Contract in accordance with its terms. (b) All previous acts and resolutions of the Participant with respect to the Power Sales Contract are hereby ratified and confirmed. (c) In case any provision in this resolution shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. (d) This resolution shall take effect immediately upon its adoption and approval. PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District on the 15t' day of November 2000 by the following roll call vote: AYES: Aguera, Maass, Sutton, Van Gundy and Hemig. NOES: None. ' ABSENT: None. TRUCKEE DONNE UBLIC U. 'TY DISTRICT c By J. n emig, President, Board of Direct Fs ATTEST: _ Peter L. Holzmeist4is Clerk smc