HomeMy WebLinkAboutRESO 8023RESOLUTION NO. 8023
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO
ALTO APPROVING THE EXECUTION OF A CONTRACT FOR
ADVANCEMENT OF FUNDS FOR CENTRAL VALLEY PROJECT
00-SNR-00241 WITH THE UNITED STATES DEPARTMENT OF
ENERGY, WESTERN AREA POWER ADMINISTRATION
WHEREAS, the City of Palo Alto ("City"), a municipal
utility and a chartered city, is a "Preference Customer" of the
Western Area Power Administration ("Western") of the United States
Department of Energy; and
WHEREAS, the City's existing 40-year power supply
contract with Western continues through December 31, 2004; and
WHEREAS, rapidly rising power costs
Western's current budget authority and Western
receipt-of-funds authority to purchase power;
are exceeding
must use its
WHEREAS, the City's contract SNR-00241 with Western will
assist Western in purchasing power to be supplied to the City at
favorable cost-based rates; and
WHEREAS, the City, other Western customers and Western
have been working together to formulate the Advancement Funds for
Central Valley Project Purchase Power and Wheeling Contract;
NOW, THEREFORE, the Council of the City of Palo Alto
hereby RESOLVE as follows:
SECTION 1. The Council hereby authorizes the City
Manager on behalf of the City to sign the attached Contract
00-SNR-00241 for the advancement of funds for Central Valley
Project Purchase Power and Wheeling among the United States
Department of Energy Western Area Power Administration and certain
Central Valley Project firm electric service contractors.
SECTION 2. The Council hereby authorizes the City
Manager or his designee to exercise the option to terminate the
contract 00-SNR-00241 if the City Manager determines that· an
amendment or termination will be in the City's best interest. The
City Manager shall inform the Council of any decision to terminate
the contract for advancement of funds.
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SECTION 3. The Council finds that the adoption of this
resolution does not constitute a project under the California
Environmental Quality Act and no environmental assessment is
required.
INTRODUCED AND PASSED: December 18, 2000
AYES: BEECHAM, BURCH, EAKINS, FAZZINO, KLEINBERG, KNISS, LYTLE,
MOSSAR, OJAKIAN
NOES:
ABSENT:
ABSTENTIONS:
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APPROVED: ~L~
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APPROVED AS TO FORM:
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Senior Asst. City Attorney
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