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July 11. 1990
'l'HE BCNORABLB CITY COUNCIL
Palo Alto, California
Second Phase Agreements -Northern California Power AgencY
Combined CYcle Project No. One and NQrthwest Resource Project
Members of the Council:
'l'his report recommends Council approval of two Second Phase
Agreements for Financing of Planning and Development Activities
which viII lead to Construction of Northern California Power
Agency (NePAl Combined cycle Project No. One and. purcbase of
power throuqh the Northwest Resource Project. These Agreements
provide for funding to allow NCPA to pursue planning and related
activities, including the investigation of the cost and
feasibility of installInq the proposed combined cycle power plant
and investigation of the cost and feasibility of purchasing power
throuqh the .Northwest Resource Project.. Actual construction and
purchase contract costs would be funded separately at a later
date.
Baclsground
As part of joint power supply planning done .for its IDembers" NCPA
developed a Request for Proposals to supply power fora various
agencies and projects to the orqanlzatio~. The results were
evaluated and inserted into the resource plan being developed to
cover the next 20 ye.ars.
In December of 1989, NCPA's staff had identified four resources
with the economic potential to help meet the projected 8ggreqate
power needs of the ten interconnected NCPA ~embers" including
Palo Alto. The four resources, including a coal power plant in
Northeast 5evada and a biomass-fueled power plant to be located
in the Central Valley in addition to the above resources" emerged
froll the two-year proposal evaluation process cond·ucted by NCPA.
Tbe bIomass-fueled project was rejected by all NCPA members~ A
subsequent evaluation by City staff of the remaining three
projects resulted in the recommendation for the two projects in
this report.
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The Palo Alto analysis considered the City's projecte~ needs for
power_ the availability of existing and anticipated resources#
and the expected price for those resources. The results of the
analysis indicated that the two recommended resources are oost
effective_ .tnl.lze environmental Impact, and reduce technical
and tinanclal risk exposure.
Staff recommendations are for Palo Alto to participate to the
peraitted maxlaum of 22.6 percent in the Northwest Resource
Project and to li.it participation in the Combined Cycle Project
to 20 percent, based upon the results of the analysis. The
combination of the two projects is favorable to the alternative
of purcbasinq partIal requirements polIo'er from PG&E'.
Pi§gtlssion
The Second Phase Aqreements provIde funding for NCPA to pursua
the planning activities to provide the participants with
information required to decide whether to proceed with financing
and construction of the projects.
The total cost of Second Phase activities and Palo Alto's sbare
of those costs tollow:
I!l:D Palo Alt.o
Combined Cycle $ 541 .. 689 $ 109 .. 538
Northwest Resource 42 921 9,700
rotal • "0 .. 61D , 11',23.
The City's share of the costs are included In the 1990-1991
fiscal year buclqet.
In addItion to qaining the required cost and feasibility
information .. participatIng in the development activities
preserves the City's riqht to an exclusive option to enter into
Third Phase Agreements providing tor all or part of its
partIcIpation percentage in the capacity and energy output of
either or both projects.
Payments and advances made pursuant to the Second Phase
Agreements are to be repaid out of the proceeds of the first
iaauance of the project bonds pursuant to futUre Third Phase
Aqreements.
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RESOLUTION NO.
ns,oWTION OF THE COUNCIL OF THE CITY" OF PALO AL'T"O
APPROVING ANO AUTHORIZING i'IIE HAYOR TO EXECUTE
AGREEMENT FOR FINANCING OF DEVELOPMENT ACTIVITIES
FOR PURCHASE OF POWER FROK IIORTIIO'EST RESOURCE
WHEREAS. The Northern California Power Agency (-NCPA-} has
developed the -Agreement for Financing of PlanrJing and Development
Activities for PUrchase of Power from Northwest Resource-,-Agree
ment-J setting forth its participating Members' rights and Obliga
tions with regard to a project for the purchase of po~er from the
Northwest.; and
WHEREAS, the NCPA commission approved that Agreement.
NOW. THEREFORE. the council of the City of Palo Alto does
hereby RESOLVE as follows:
SECTION 1. The -Agreement for
Development Activities for PUrchase
Resource-is hereby approved~
Final)o";;ing of Planning and
of Power from Northwest
SECTION 2. The Mayor is authorized and directed to execute
an execution copy of the Agreement.
SECTION 3. The Council finds that the prov1s1ons of this
Resolution do not constitute a project under the California
Environmental Quality Act.
INTRODOCED AND PASSED:
AYES:
NOES:
ABSEN'!':
ABSTENTIONS:
ATTEST: APPROVED:
City Clerk Hayor
APPROVED AS TO FORK: APPROVE 0:
city Attorney City Manager
Director of Utilities
acI:>07/11/90kp
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sufficient money in its electric department revenue funds 10 meet t:his obligation. The
per<ent:lg< participation of each NCPA membc:r ",hieh has II:ntaov<ly det=nino:110 be •
Proj<ct Member is initially c:mbilsb<d as folio",,,
Alamc:da 1 1.000%
H<:lldsllurg 1.800
LocIi 11.800
Lompoc 2.600
Pa10 Alto 22.600
Roseville 11.200
Turlock 36. ()()()
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Tocal 100.000%
The <loove panicipadoc PC-C:::n.ctga shall be ~ proportionarely if less than an
of 111< oOOv< NCPA mc:mbe.-; become Project !.fembas. and tlterem-t<:r if:l11d ..,ben any
?reject Member withdr.!ws in whole or in part. Any Project Member who[1, llIithdnu.ing
sJmll thereupon cease ., be • Project Mc:mbcr f« an pu!l)OSes except rcr plllpOSCS of
sec don -4 0( [his Agreement.
Hereafu:r. NCP." shall demand from each and :very Project M.",ber its shart of its
3greed 10 financial commitment 00 I eoncurreDt basis. Any part of such demand by SCPA
... bien r.:mains unpaid $Or si;(I)' days ana its billing date sha.I1 bear inte!tst from such
sIxt1em day 31 the r.eference rate of me Bank of Arneric::l ~,. &SA then in effect, plus twO
percoD~ computed 00 1 daIly basis pc=n! until paid. [lller~ so earned shall DO( cha." ge
any Project 'Membcr~ s participation pen;entlge. and shalt become a pan of the wocidng
capita! fund definc:d below.
The funds advanced acconfing to this sectioo I shall be used to embtis.'i ! warki.. ..... g
<>pita! fund if and ",lieu .pproved by me Proj= ~ and in an >mOunt and su bje:t 10
ony fimJClOons approved by me Proj= Mc:mbers. Unci! • """,king capita! fund is
established by the: Project Mcmbe::s,. funds advanc:d according 10 this sec OOQ I snail nO(
be eocumbered ()(' expended..
~crioo 2. f United Tlj"hrs!J OOciparc In Ena] hnpTel"l'lCnraoon and Financing
(&) Pir.geIion -Disnosipon gf Pmjm ';wacky and Engcrv. Tn
consldeJ!lOO 0( the payments provided for in sectioo. ] of this Agre::.menc each Project
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rhase n Agmt!NCP.VWashington Water Power/NonlI'oIrr';!St Resource 7/1/<J(J DEC
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AGREEMENT
FOR
FlN. .... '1ClNG OF PI.A'lNING ..... 'II) DEVELOPME."'T .... CI1'tTl1ES FOR PURCH .... SE
OF pov.'ER FROM NORTHWEST RESOCRCE
Thi ..... grecmcn~ daled as of _______ ~ 1990. by and between
Northern California Power Agency~ a joint powers agency of the State of CaIifomia.
be:eInaftcr cal1ed "~'CPA" and lflO5C: d its n>embers ... no (:J::e;:ure this Agreement,.
~ere",afta called "Project :>'!ernbc:s,' 1>1<nesseth:
WHEREAS, .'iCPA', ReS<lurce Plan fa 1990 through XJ09 bas idennfied tile
c:::-onomic pocenriaI fOe a Northwest resource capabk: of supply1ng power Starting ";thin the
'pproximate pciod of 1993 10 1994; and
WHEREAS, SCPA and the Project Members des~ 10 pUIS"e planning and
d... ........ e1opmeru: activU:ies including the invesegaOon of !he cost and fe3:SlbiliIy of purchasing
such pow~ from a "Sorthwest resource, such as. by way of example. power in the: amount
« 50 megawatts from the Vlashingtoo \\r ate' Power Company:. and
WHER.E.4.S. the cos!: of such planning and development KtiVities of pun::has1ng
PO"''''" from the == (hercinafta merree 10 as the "Project") is estimated., be
S-tZ.9:2 I; and
'"W'HERE..A..S, the: ProJ-e:::c Members desire 10 enler "into a secOlld phase: ~"Tt:emenr
pursuant to the !l!ember Servic: A=menlS dated february 12. 1981, oc successor
agreementS. in order IJ bmaEze their undc:rnanding reganfmg sha.."ing of me benefi[5 and
burden. :tSSOCiated willi their participation in the Project;
NOW TIIEREFORE. the parnes ben:1> a= as fonow"
Section 1. q,ugrttjoq Foonafigd-Ppt;;ntilg'-Panicjpapoo C'91'Jeg:]oo and
Doglmenrarion Ead. Project ~..embe:r'bcreby agrees 10 cootinuc: EO pay or ~4lIce 10
NCP . .c\.., from its electric dcpanm::nt ~cnucs only, irs pcrcc:nuge s.':!~ of the CostS
:mthorized by Project Membc-s in accon!ance with this Agreement.in connection with irs
participation in the Prop Eoch Proi= !\!ember further agrees chat i: WI fix the rate, JIld
cnarges for sc:rvices provided by its dc:cttic dcparuncnt so thai if: will at :tIl times bave
~ase B AgmtfN:CP A/Wa'Sflington Water rowe!' /Nortfl ..... est Rcs.nurce 712/c;o DEC
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MembqQirecrlog and RMew. NCPA shall comply 'IIooi!h all lawful
directions of the: Projecr: Members wi m R:spect 10 this A~nt. while DO( stayed or
nulIified, 10 the: fuDesz ex1en[ authorized by taw. Actions of Proje:t "Members.. including
giving abO\le directions 10 NCP~"'-. will be taken only at meetings of aut.~orized
re pre",ntativc:s of Project Members duly c.aIled ond beld pun""'" 10 the RaJ pb ).t Brow.
Act. Ordinarily, voting by ~~m.ati\lcs cfProjcct Members 1IIl'll be on a one mcmberkme
vote basis,. witfI a tn.1jori1:y vote required f<r acoon; however, upon requeSt of I Project
Member representative.., Ihe voting on an issue will be by ~:rH:;.lge participaOor'l 'Vriith 65%
or more fa. YOI'able vote necessary 10 carry the a...'"'tioo..
Arry decision related !O <he Project rakel! by <he favorable vOtl: of reprueo"";o{l of
Proje...~ Mcmhc:rs bokfing less than 65% of pc:rc.:nClge participation can be reviewed and
revised if il Project Member holding any participarlon pc:rcenca:= gives Sorice of !ncention
to ~k sucb review and ~oo so eacll omer Project Member within 48 1lotJn af.c:r
teCemng wacn no6cc of Sllcll action. if suci Sodce of Imentioa is so given.. any action
cken specified in the ooOcc shalt be nullified. unless the NCPA CommiSs100e:'5 of Proje:::
M=bers boIding at 1<:351 6S% of the lOCI! panlcipa!!oo J>C<=t:lg< me:>. in e:'f",,' vote in
fovor lhereof ... regular cr SJ='.a1!y called mccin g of Proj= :>!e:nlle:s. If the ~lice of
Inlenlioo concemo:!. f211ure '" act. sucl, ac1ion shaJI oevC'lbe!ess be 13Icen if ",CPA
Commissioners of Proje:t Members holding at!easr 65% of me IOCII Panicipalioo
P~:ntJ.ge vme in riIVtt thereof' a! a rcguI.ar IX speci.aIly c:a.TIed me:::ing of Proje=:. Membe..-s.
Se~tion 44 Coodltional Re;mvroCnr tp ¥cmhrn-An pa;.-ments md advanc:s
made heretofore. and those b~ made pursuant 10 sectioll 1 of this Ap-e:::ne..'1.t,
excluding interest paid 00 delinquent payments. shan be repcid UJ CXtl of the entities
making such payments and advances pursuant II) this Ag:re::meru out of the proc:::ds of the
fir>< issuanc. of the Project honds which can ecooomicaIJy provide th:,efor, oc as and
"·~.n mere .." sufficknr funds ....nab I. from partial sale of hoods. if bonds. ooo:s.. 0<
ocner evidences of indebrcdness are tssued 10 5Uppoo: me PIoje=::. Sach reimbunements
shall be ma<le within 60 daJ' following the sale of any Project bonds and ,hall includ.
in= cDmpuled monthly ... rue equivalenr '" the end of the month ref=nc: "Ie of me
Bank of America NT &SA Any in= due an&:r the third pa'''graph of seotioc I of rhis
_-'.greement and 1Illpaid shall be c!ec!UC1rd from <fle "'paymenL If :--rcp.'\. de"",,"nes '"
comprete the Project. but is llO( successful in obtaining an ce::essary approvals and
financin g <herefoc, there sIWl be DO reimb= occepc out of IlIlUsec! Pro]= funds
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Phase!J AgmtJNCPA/W~ington Water Power/Northwes.t Rcs.ource 7/2/'XlDEC
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Member who bas not wboDy ";tiIdrav.'~ or who is QO( tIlen in default shall have an
e;'l.cl!.lSivt; oprloo to enter into I Third Phase Agreemeru (or II. Power Purchase Contr.lCt) fcr
:1D or II. part of its parOciparion pcrcentllgc of rights to an Project c:!pac:iry and energy foc use
by ~CPA mcmbc:-s pursua."lt ID this Agre:merH.
(b) JnQh" jn p.gclJases-A ProJect ~embc:r.:an. a.t me time: of
cru:::ing truo r:he TIUrd Phase Agre:ment, ptm:hase more than itS participaOoo perccnQge of
the Project if addirional shares are aVallabte oy R:3S00 oi the nonparticipacon in the Tnird
Ph~ Agm::men[bJ one or more Project: Memoen. Socb. exceS5 sh~ sl1ail be offered 10
those who do participilte in the same proportion as meir sh;m:s bear 10 me IOCll s.'lares of
those wbo do partic1patc. If Project MemOe:1. so enil dee do L)O( wish lei CODtr.lCt for an che
ex;:ess shares. suc1l remaining excess shall be disposed of as agreed 10 by the Proje:t
te) E?'i¢se !tcd ;ff;;:;rofTjllQnC't;~5 Tni'D p.JD ~ntjtl;mpL The
Project :M'embcs s';al1 -estab lish me terms and provisions of an agree:ne:}{ for rig}. ~ ID
capaciry and enc:gy from me Projec': prior to !he :xpira:6on of this Agreement. 10 be known
:lS me Third Phase Agr::ment. The Project ~embc:s shall ;tiso :s-.abGs..i. we da~ by which
me Tnird Pbase Agreem~t must be :xe::ute::! by Project ~!e:nbe:-s ane delive...-ed 'EO ~CPA
ii mey are to participate in me Proj~ Failure to ex::cute the Toird Phase Ag::r::ment foc
any of its lOtal panicipatioo share and 10 delive:' it '" SCPA by If.at dare or 30 dzys ane:-a
Pr~t ~[embc:r"5 r-....:eipc. whlc~'::: is later. will be an "in':V0C3.ble d'~~.sio[1 00 the .P2rt of
mat Project ~emOe:-DO( 8J paniC'llate in the Proje..-r. Exe:ootioa and dellve:y of the Trurd
Pbas: Agreement for 1::ss than lts IO.:M participation per;:::m:age and delivery of th.lr Proje::!
~ernbet's eXec'Jte4 a~ru: 10 ~CPA tly me daLe estaofished or 30 days af-~r the Project
Memb::r's re_ipt. wrucnc'lct Is late". will fik:~..se be an rrr,.ocJbre de:::!sion an IDc part of
OlJt Proje:;t Member IX>( to partic.pat:".in me Projec:: in eN::SS of the share se: f<X1h in tt:s
delivered :l~nL SuppIememalagr=men:!S DC 00:11::: a~m::ncs will be enterr,d imo foe
tlle eXCess or surplus Projec: shares. The procedure for processing supplemental
agreements shall be consistent wir.h diose presc;foed immediate1y aOOve In !his
subsection rc) for rights 1C Proje::t capacity and energy. Failure IiO rerum an e~et:uted
:agre:::ne:u}or any additional Proje;:t share: within me ~-noed pe. .. iod. is an irn:voc:lbte
de=is:ioo nex 10 pur.::nase SUCR additional ~ The Projecr Member makEJ ~ an!, herrin
defined irrevocaOI: dedsloo DO[ K> participare iD all of its snare of the Proje~ shaD be
forc:::losed from utilizing., and shaD be: relieved of further burdens re!ared to. me share
which ir has decrmcd 10 p=hase.
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Phase: n "-a <>mt/NO A.,.'W" 3shingtoD Wate!' Power ~orth west R50urce 7nlCj{JDEC
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defaulting Project Member', Perc.ntage Participatioo shall (but only foe Pwpo>CS 0(
computing tI1c "'specti ve Pen. ... ntagc Participation o(!he noc-dcfaulting Project Members)
be reduced cocrespondingl'y; provided that the sum cf SOCR Ux.'Tea5C foe.ln,y DCKH:kfauJong
Projc<t Member shall DO! exceed wit/loot writte. eooscnt 0( tile non-dcfaulting Projc<t
Members a.. accumulated maxlmum of 25"-of !he ooc-dcf.ulting Proj..'<:t ~lcmber·.
original Percentage Participation.
If me Project "Me,Dba fails or R:fuscs 10 pay any amounts due !O
NCPA, !he fact!l!at o<hcr Project Members increase tI1cir obligations 10 make such
payments shaD IlOI ",llcve tI1c defaulting Project Mcrnbu 0( its lfubility fo< such payments
:>lid :ooy Project Mcmbu increasing such obligation shaD have a right 0( ","overy from tile
defaulting Projc<t Member 10 !he ClUetll o(suc. n:spcctive in=JSe..
In 3dd:ition. NCPA may rerminau: tfl. provisioo' 0( tflis Agre<mcnt
insofar 3S they enade the defaulting Project Member 10 its Percencage Participation of
Projc<t OUtpul
(b) For tI1c PUIJloscs 0( sud assignmen~ NCPA may flA and
schedule tI1c IO<aI amount payable by _0 Project Membu imo any omnOer o(scmi·:mnu.3l
pJ.yments, 110( tess than four na IiO exceed (elt, and the dates on wlllcll such. payments will
be made. :md exll Projc<t Member agre<. '" abide by 5llch schedule. NCPA shall provide
• reasonable opportunity for any Project Member 10 prepay ito IO<aI obligation.
(c) After such an assigmnent is made. no Project Member may
.vJid !he obfigatioa '" assigned by willldra,,·a1 pursuant'" section 8 bcreo( or otherwise.
(d) If NCPA makes an assigmnent pursuant 10 this section, it
=1 tr.Il1sfer ony a all 0(;"; rigbts and dutia 10. nonproliI corpor.!tioo formed 10 act on
bebalf of NCP A if !he voting power 0( tile members 0( such CO<pOr.Itioo is disuibuted in
tfle same manner os thot provided in sectioos 3 and 9 0( this Agreemenl
Sectioc I. Wjdxlrawa! From Further Mciwtion If .t ""y time foDowing tfl';,
c:x;ecution of Ibis Agreement. there is an increase in NO' A"s financial corn:mJb'tJCll( pursuant
10 oection 6, Project Members may partially withdraw. i e .• from parOcipatioa in !he
increase, or may withdraw ",boDy from !he Project. Soch withdrawal shall be sub jc<t 10
I>onaring any commitments made by them ac on tI1cit bebalf pursuant 10 .ulhorizotioa 0(
this Agreemenl To witlxl",,,,, SllCh Project Members slIall give NCPA...-ritteR ootic. 0(
such withdrawal, in part or in whole. willlin tflirty (30) days 0( tile "'''''ipr of the ootice by
them of !he increase.
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Phase II AgmtlNO' AiwasJ, Lngton Water Power /Northwest ResoUl"C"e 7/Z/9IJDEC
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including mose melJ in L'ie working: c3pitaI fund. along wim an ot1ler receipts iO which
NCPA is entitled in connection "il:h the Project.
Section S~ Thr:m. This Agreement shan take effect as of August 2J. 1990-. but
only if appro-.-:d by ~CPA members holding 85% of the inicia.! pc:rce;'Juge participations set
out in se:tion t. of dtis Agreement" (X' upon socII latc:r' date itS may be: determined by ~CPA
Members :lfu::r an adjustment in dle participatioo percenrages to provide ror.an adequate
subscriprloa 10< tho fi"ancial commitment requim:! by SCC"OOU 6 0( this Agre::mc:nc This
Agretmen< sh.rJ be ""pcseded by tho ThW Phase Agreemc:n~ except th:u se::ticn 40( ll1is
A~ru: sha.l! remain in cffe:;t. Otangc:s may be made in this sectioc 5, except as 'EO the
continued effectiveness of sectioa 4.. in accordance w1th se:ctioo 3 hc:reol.
Sectioo 6. MnMciaJ Cgmmjtxpr;nti.. Each Projea: Member agn:es 'iO a total
financial commianent fa" its respecUve pen:entag'e participation of a tocaI of 542.91 I
principal amoUTU plus interest Ihereon, if any, induding payments a.r1d advances hererofore
m.:>i!e. os authorized and approved by the Prop Membe,,-From rime '" time as needs
:rise. ~sentaD\les of Ute Project 'Members may~ by .. favorabie \lQ{1!: as ~ in
secOOn 3 ol this Agreement, authorize an increase in ~-CPA·s fmancia! cornm.lnnc:nr which
c:>n be silo"", ., suppon the compledoo of the Prop but only after 30 days' .mo,n
codee of sud proposed in= has 1>=l give. 10 .rJ Project lofeml:e;s.
Section 1. A. ssjgnmcnt.
(a) ~ding any oIl1a provision 0( <his Agretmc:nc if
NCPA requires funds '" carry out the Iernls of this Agre=nt pri<J< ID the ",.oelpt of
:!dequ:ue funds from the Project lofembers, NCPA may. opon .pproval of me Project
Members., assign m; rlghL Ie ru:civc any payments under this Agreement to a bank or cmer
fin.:mcial instirutioa 10 secure a borrowing by SCPA or in excbange roc an amount of
money equal to me men present value of !hose: pay::ne::u:s as de~ned by NCP A.. Proje::t
A-!embers bc:"=by consent 10 such assignment. and npoo nociiication in writing by NCP.""
eoch suck Project Member wi!! make each sucIo assigned payment direcrly 10 tho assignee.
The assigneo shaD DO( be liable., Project Members 10< the amounCi <IS assigned, and
NCPA sh.rJ os< me proceeds of ""cit borrowg or ilSsignmen< 10< me P1lIJlOS<s prtl"ided
in this Ag:re::::mc:nt.
If an assignment is made tlnde:r this se.."tion, !hen upon the faiJUl1:' of
any Project Men:::.--xr 10 make any payment 50 ass] gned. me ~enClge pa..-ticipacioD of each
noc-defaultillg Project Member shall be auTO<Da<ically in=sed 10< tho """ of me
assignment pro r.ua wi!h tIl:u of the other noo-defaultin g Project Members. and me
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Phase I) Agm.tF.'JCP AlWashington Water !lo..-er/Northwesa ResDul'ce 7/",-,'90 DEC
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TURLOCK !R.R.fGA TlON CISTRlCT
Br-________________ _ By.' __________________ _
Br-' ______________ ___ By.' ________________ __
erN OF UKIAH
Br-~ ______________ ___
Br-________________ ___
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N.~ !D' AgmtJNCP.vw~hjJ'lgUJon WaC" ,,"owrer!Ncrthwest Rc!.oUI'~ T/UWDEC
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Sectioc 9. Vorio: gjohts;wd Dundon A Proj«:t ~ember is participating for
purposes of section 3 pen:cnt:lge voting until it cumplCb:ly wi,M", ..... but • partial 0<
compkte witM'"'awal will result in I COli csponding reduction in its ~entage pa.rticipation.
~1leo the T'hW Phase: A~emcru is executed. CI'" ICVised. r-evised participatioa perccnta.ges
shall be estlIbriSl1ed by dividin g til, amount of Project sbare agreed 10 be pu .. "bascd by each
Project Member by !be !O<aI >rnOWIl of Project shares 10 be purd12sed by aD Project
Members.. Foe vOlin:-purposes and for establishing .. quorum in tHs Agre:mem and in the
Thin! Phose: Agreemen~ the 65% of pc:r=uage participaDoo specified in secrioos 3 ard 10
sboll be reduced by the amollll! that tile pace!lrage participation of any Project Member
eltcc:::os 35%. but sucb 6jo:i shaD DOt be reduced below I majoricy in imerest
Section 10. QpQlJlm I):fjoed.. The presence r:L either a majocily of the
Projeet Member>. 0< of Project M<:mb= "'CIt baving • comb!ned participation pe:1:entage
of o<le>Sl65% s1Wl constinne • quorum for !be Plllj>OSC of action.
1.'/ W1T:liESS WHEREOF. e3Ch Proj«:t Member has «,,:\lled this Agre=ent with
!be approval of its governing body. and caused its official seaI TO be affixed. and ~CPA
hJS authorized this Agreemeru Tn accordance with [be authori.latioo of its COC1'l!llission.
NORTHERN CALIFOR."lA
POWER AGENCY
Br. __________________ _
CITY OF HEALDSBliRG
Br-
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__________ _
Br. __________________ _
CITY OF LOMPOC
Br-______________ __
Br-. _____________ _
8;.-:c ________ _
on'OFLODI
Br. ________ _
Br. ________ _
CITY OF PALO At TO
BT-____________________ _
Br-___________ _
·7-
Phase B Agm~JNCP A/VtI."sl'! ington Warer rower /Northwest 'ResoUl'C1!' 712/9(J DEC
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RES<>WTION N<>.
RESOLllTION OF THE COUNCIL OF THE CITY OF PALO ALro
APPROVING AND AUTHOR.lZING THE MAYOR ro EXECUTE
AGREEMENT FOR FINANCING OF DEVELO~KENT ACTIVITIES
FOR CONSTRUCTION OF COMBINED CYCLE PROJECT N<>. ONE
WHEREAS. The No-rthern California Power AgeDCY f-NCPA") has
devel~ the -Agreement for FinancIng of Planning and Development
Activit.ies for construction of CombIned cycle Project Ilo~ One
,-Agreement-) setting forth its participating Members' rights and
oolig:ations with regard to a project tor the construction of
combined cycle engines for the production of electric power; and
WHEREAS. the NCPA Commission approved that Agreement;
NOW, THEREFORE" the Council of the City of Pale Alto does
hereby RESOLVE as follows:
SECtION l~ The -Agreement for Financing cf Planning and
Development Activities for Construction of Combined Cycle Project
No~ Cjle-is hereby approved ..
SECTION 2. The Mayor is authoriz.ed and directed to execute
an execu t i on copy 0 f the Agreement. ~
SEctION 3~ The Council
Resolution do not constitut.e
Environmental Quality Aet~
IIITROOOCED ANI> PASS ED:
AYES:
NOES:
ABSENT:
ABSTENTI oos:
ATTEST:
City Clerk
APPROVED AS ro FORK:
City Attorney
acb07 J 11/9 Okp
finds that the provisions of this
a project under the california
APPROVED:
----Hayor
APPROVED:
city Manager
Director of Utilities
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AGREEMEIi"T
FOR
~A."ClNG OF PLA.'INh'iG ."''ID DE~""T ACI1VITIES FOR
o)NSTR UC11O.'1 OF COMBINED CYQ.E PROIECf ,,0. ONE
This Agrttmen~ dated as of ________ I990. by :>nd between
Nonhero CaIifomia Power Agency. ajoull powers agency of me Sta~ ol California.,
be-einafrer C':11led ~CPA· and those of its members who execure this A g!'eemcnt,
hereinafter c:>lled "Project Memller>, • wime~
WHEREAS. NCPA', Reso""", Plan fa 1990 Wougb ~ basidenofled tile
economic pocenti:tllor • combined cycle """"",e capaIlle of on inlti:tl e<>mmercial opernrlon
a3!e within the approJ<im:"e period of 1993 ., 1995; and
WHEREAS. NCPA :rnd tile Project Members desire '" pllrnIe pl3nnlng :>nd
development activities, incloolDg tile investigation of tile C<>5I and feosibiliIy of ins::lIIin g
sud. combtned q-de ~urce,. pa."'tic:uIar!y a stand-alone wUa: such 3S, by lIIay of c'l::m1pte.
"" L.\f5000 or its cquivaJeru ill perfunnanoe and economics; and
'WHEREAS. the COS[ 0( SlJCO planning and devclopmeru 3Ctivities of lnst:al1111 g such
",so=e (ben:inafler referred ., as the "Project") is esnma.u:d to be $547.689; and
WHEREAS. the Project Members desire ., enter inlD • second pbase ._ilI
pursuam ., the Member Scrvic<: Agreements dated February 11. 1981. 0< successo<
agreementS, in Older., rormalize their andcrsanding ",pnling sharing of tile benefits :>nd
burclens associated with tIleir participation in the Project;
NOW l1lEREFORE.. llIe panics beo:O> agree as follows:
Section I. ~!j .. don FormaUm}I'gmJIiI.-e P;wjcipagon CgnCCljg,,"nd
Pocumcntiu]oo Each Projea Member hereby agrees to continue 10 pa:y IX advance 10
NCPA. from its electric department revenues only. its pen=l:Ige sh"", of tile COStS
.ulhaized by Project Members in iICcr<d:lnce willi this Agreement in coon=ion with its
panicipatioo in tile PJoj=. Each Project Member fun!Ier agrees t!w it WI fix !he rare' and
charges lor scMces provided by its ekeuic department so !hat it WI " :>II omes have
..uficient money in its cleclric department reveno<: funds OJ meet this obugalion. The
I'I1ase II Agm'INCPAIComb'ned Cycle 7/2/90 DEC
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pc:<;e:luge participation 0( eacb NCP A m<mbcr ",hlc~ has ",",advely determined 10 be •
Project Member is initially <stab 1lshed as follows:
Alomeda 22.445%
Healdsllurg 3.S56
Lodi 24.222
lompoc S.333
P:lIo Alto 2QJ)OO
Roseville '4444
Te<:>! !(Xl()()O%
The above porticipatioo pc:n:enlag<s sbalI be revised proportionately if leis than ,0
o(!he .bove ~CPA members beeome Project Members. and .nere:>ftu if and ",ben any
Project Member withdraws in \\Ioote or in part Any Project 'Member wholly ... i:chdri1wing
shallillereupon cease ., be • Project Member fer all pwposes excepe lOr purposes 0(
scctioo " of dlis AgreemenL
F!ceaftc:-, NCPA shall demand from eadt and "'or'! Project Member iIS sIIarc 0( its
agreed 10 fJlancial commi<rnem on. COl1CUmIH basis. Any part of such demand by NCPA
... Ilk. remains nnpaid lOr ":UY daY" afler iIS billing date shaD bc3r in~" from sueR
""dem da:, ",!he ~(erence r:ue o(.ne Bank of America NT&SA lIlen in effi:ct, plu. two
perce"" compuled on • daily basis pet<;enl until paid. In= so eorned shall no< cbange
any Project Member', porticip><icn pc:<;enla!"o and shaD beeomc • pan of.ne I1fOri:bg
capita! fund defined below_
The funds advanced according., this sectioo 1 shall be used 10 e"",b6sh • ",ockio g
""pita! fund j{ and ... bc:a approved by the Project Members. and in an amount and subject to
any limitations approved by the Project Members. Uno'. worldng e>pita! fund is
esub6shed by Ifle Project Members, funds advanced occO<ding to !his SCCtiOll 1 sl1all not
be encumben:d or expended.
Section 2,
(a)
l.imjied 8,jgflls IQ Panisjpatc Tn Baal frnnk:mcnrngoo and Emmcina.
Piscrclion -D;mosjtion pfJ>rpicg; Capacjty and Energy. In
consideration of the payments provided lOr in section 1 0( this AJ!m'menl <>ell Project
Member '-00 has DOt wooDy withdrawn,. or who is DO( meg in default shall uve: an
exclusive option ID enler into • Third Pbase Ag=wc:Dt (<< • Power Pun:hase Cootr3Ct) lOr
712/90 DEC
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:ill 01' a part 0( its participation pen::entlge of rights to all Pro.fect capacity and' energy for use
by NCPA members punua." ., this Agn:ement
(b) 1rtcr>;se jn Ptm;pa .. n A Project 'Member can. at the time 0(
(ntering 111%0 the Third Phase AgIeeme:nt, pmchase more man its participation pen:c:ntagc of
Ell_ Prop iC additional shares are available by re>soo of me oonparticipation in m_ Th ird
Phase Agreement by one or-more Project Members. Soch e~cess shares shall be C'ff.c:red 50
Ehose wbo do panidpa[e in dle same proportion as 'Cfleir shares beat 10 die IrJCil sJmres of
those whe do participale. If PtOject ),[ombers SO e",ided do not "<.sl! 10 contraCt fOe all me
excess shores, suck remaining excess shall be disposed of as.greW to by me Project
Membcts.
C-c) Exercise and Effect of Iaking tw TIme F,!!l Enmtemtnt. The
Project Members shall establish !he = and provisions of an 19R:CmC:lI for rig'"'' .,
capaci<y 31ld energy from me Project prior 10 me expir.u;oo of:!lis Agreemen~ 10 be Imown
as !he Third Phase Agreement The Project Mombers shall also esml>!isb me dale by whie.
me Third Phase AgIeCmCllI must be executed by Project Members lnd delIvered ., NCP A
if tJ-.e} all: 10 participate in "'" Project. Fail= 10 execute :he Th ird Phase Agneemtnl for
lOy of .. k>ttI pmicipatioo share and to deliver. 10 !'JCPA by """ dale oc JO days :>fter.
Project Member's recei~ whichever is later, will be an irrevoc:>ble dec'.sion on me part of
!Itor Prop Member not 10 partJdpare in me Project. ExccuOOo led delivery of me Third
Phose Agreement Kr less titan its IO<aI pa:ticiparioo perce:ttage md delivery of mal Project
Member', executed __ nl 10 NCPA b} lite date esmbIisbed or 30 dlys >ftcr the Project
Member's =apt. whichever is taler. will Iikewls<: be an irrevoc>hIe decision on lite part of
11101 Prop Member no< 10 participate in me Project in e.cess of me share sel foolt in its
deu'>lCRd 'ilgJ1!'ement Supplemental agreements Ot' od\er a~t:s will. be ~ng::m. mID fQ[
lite excess or surplus Project sltaI= The procedure: Kr proce:ssing supplemetttal
agreementS shall be consisteO[ with those prescnDed immedja re1y above in this
subseeOOo (e] Kr righlS 10 Project capacity and energy. Failure 10 rerum :Ill executed
.~ Kr ""1 addltional Project share Whirl !he prescribed period is an im:~Ie
decision IlOIlO purchase such additional share. The Project M<:mber making any berein
<kfinc:d imvoc:>I>Ie decision nO( 10 participate irI all of its sltare of!he Project shall be
lO=loscd from llIilizing. and sltall be reEeved of funhc:r bunIcns rela:ed 10, lite share
... bicl! ;, lias dec1ir.ed 10 purt:hase.
Sectioo J. M<:mhg ~n .nd 8cyje .... NCPA shall comply ,,":h all lawful
directions of lite Project Members with respect 10 this Agrc:cmenl. while I)()[ stayed 0<
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nullified'. 10 the fuDest C:c.tcnl3Uthorized by law. Actions of?!:oject }o[cmbers,. including
givin, ,!love directions " NCP A. will be taken only at meeting' of authorized
representative, of Proje<t Members duly C3I1ed and held pursuant" the Ralph M-Brow.
Act-Ordirmrily. voting by representative. of Project Members win be 00 • one memberlooe
.... OIe basis,. widl a ma,JorirY \I()(e ~uired for ~ boo;&.'ever. upoo request ofl Project
Member representltive, the voting on an issue will be by percen cage participatioll with 155%
oc more favcroble vo<e nccessaty!O carry the acDool-
Ally decision ",rated ., the Proje<t taken by the favorable YO", of represent:ltion of
Proje<t ~!cmbers boIding less than 65% of pe=ntlge panicipaoon can be revie"'ed and
revised if. Proje<:t Member holding Iny panicipation pc:rcemage gives Notice of Intention
10 seek sucb review and ~isioo 10 each orner Project Member wlthln 48 bours nter
rtteiving wriacR DOCice d such action.. ({ such Notice of Intention is so given. any action
!olce!l specific<l in the DOIice shall be nunified, anlcss the SCP A Commissioners of Project
Members boIding at Ieost 65% of the IOClI panicipation pc:rcentage the. in effect vote in
favo< thereof at • regulor CIC speciAlly C3I1ed mectin g of Proje<t :'!an bets. If the Notice of
Inr:entioo concerned a f311ure to act. such action shaD oevc:rthcJess be takea if NCP A
C<lIlImissioo= of Proje<t Members holding II< Jeast 65% of the 0lCIl P>nicip.tion
Pen:entage vou: in f ... ,.. 1!tereof at a regular or spcci.ally called me<tin g of Proje<t Members.
Section .f_ Conditional Repavmcnt Ip Mmbm.. All payments and advances
made bcre&:Jfoce. and _ bcreatier made punuan, 10 section 1 of this Agreemen~
e.cludir.g in"""", pajd on cLc5nqucllt payn=ts. ",an be rep3id '" each of the entines
molting such payments and >dvances pursuant" this Agr<emcnt 00' of the proceeds of the
tm. issuance of the Project honds which can economkally proYide therefor, oc IS and
whe. there are sufficient funds available from partial sale of bonds. it hoods. 000: .. or
o<IIer evidences of indebtedness are issued ID support the Project. Socb reimbursements
s!WJ be made within 60 days foilowing the sate of any PIoje<t honds and ",on include
in"""" computed monthly at. rue equivalcnt 10 the end of the moot!> referc:cce r.uc of the
Bonk of Atncrico NT &SA Any in=" due onder the thW pa. ... g!':Iph of section 1 of this
A greemen' and onpajd shall be deducted from the repayment If NCP A determine, 10
complete the Project. but is 00< successful in obtaining aD no:cssary approvals and
financing tlteR:for. tIteR: .boD be IKl reimlltu.emeru "cep! OUI of unused Project funds
including _ then in the ... crlOng capital fund. a100g with all odK:r receiplS 10 which
Na>A is entitled in c"""",,non with the ProJect
7/2/90=
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Section S. :rmu. This Agreement shan t>ke cITee1" 0( AUguSl~. 1990. but
ooy if 3ppT""od by NCPA rn<:mbers holding 85" 0( III. inirial pet<:.n<ag. partictpations set
0Il1 in seetion I 0( this Agreement. 0<"1"'" s\lCh lat., dale as may be delerminod by NCPA
Members >ftt:r >I1 adjustment in the participation pero:nrages 10 provide fa: an adcqU>te
subsmptiocl fa< the fmancial ccmmilmCnt required by sectioo 6 0( !his Agreemenl This
Agreement shall be supe!'oded by the Thin:! Phase Agreemenl exeep' tIlar section 4 0( tIlis
Agreement s!tall remain in effect. Changes may be made: in mi, sectioo 5, .><c<p< as 10 the
continoed eff«tiveness of section 4, in accordance with sectioo. 3 hereof.
Sectioa 6. Bema! CommjQIlt:or;. Each Projec1 Member agrees to z total
Iilloncial commitment fa< it> n:specdve pc:1CCruage participatioo 0(. ""'" 0( SS47,689
principal 3ITIOUn. plus in= Ihereon. if any, including paymenlS ilI\d advances l>ererofore
made. as ,uthorizod and approved by the Projec. Members. From time 10 rime as needs
arise. ",preseOt:ltives of the Project Members may. by • fav"",ble vo<e as provided in
section 3 d this Agreement. ;mthcrize an ~a.se in NCP .. '·5 financial commitment which
c>Jl be ,baWD. 10 suppon the completion 0( the Project but only after 30 days' ....nile.
uO<ice 0( sue. proposed in=se has bee. given 10 all Project Memb< ....
Set:tioa. 7. Assjgnmenr
(a) Notwirhslallding any other l""'".sioo 0( this Agreemen~ if
NCPA requires fw>ds 10 carry out lIle lImnS of lIlis Agreemeru prio< '" IIle =eip< 0(
odequare funds from the Project Members, NCPA may. upon approval 0( III<: Project
Members. assign it> rigll. '" !'eCcive any payments ander this Agreement 10 a bank oc odler
financiaI institution 10 secure a borrowing by NCPA oc in .. dunge fa< an >!DOOrn 0(
money equal 10 1be the. presen. value 0( '""'" payments as de",rminod by NCPA. Project
Members l>ereby consent 10 sue. assignmc:nl and IIp<lO!lOIificatioo in writing by NCPA.
exh such Project Member will make cae. sock assigned payment dinctly '" the assignee.
The assignee sball oat be tiable 10 Project Memb<:r> fa< III<: amounts as assigned. :mJ
NCPA s!talla .. rhe proceeds 0( sucb borrowing 0< assigomem fa< III<: Pl1lJ>OSCs proYidod
in mis Agreement.
1I iIll assignmc:nr is made lJIlder lIlis section. <h<4 npoe III<: failun: 0(
any Project Member., tnake any paymenr so assigned. the penoenuge participatioo 0( exlI
ooa-ddauJting Project Member s!tall b< automatically incteasod fa< III<: = of <h<
assigomen. pro rata wirh 1M< 0( lIle o<her DO'Hldanlting Project Me~ and III<:
defaulting Project Member', P\m:ent:lge l'aIticlpation s!tall (bill only fa< purposcs 0(
computing lIle ""P<C1ive Pttoenrage Panicipanoo of the non-<lef,wting Project Members)
7/Z/'XJ DEC
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be reduced """"spondingly; provided tIla! the sum of such increase fur any noo-d<f.ulting
Project Member shal1!KlC ,,<cod ...;tIloo • ..mn.. consenr of the noa-def.ulting Project
Member> "" ""cumuJa,ed maximum of 25'1 of the noo-def.ulting Frojec. Member·,
aiiiUW Pc"tenClgc Panicipation.
If the Project Member fails 0< refuses kl pay any amounts due '"
NO' A. the f:lCt <I1at other Proj"" Member! increase their obfig,6on s kl nuke sucT!.
payments sh3JI DOl refleVe <11. defaulting Project Member of ilS r..bLlity fur such paymen<s
and any Project Member increasing such obliga6on shal1 have a right of =overy from Ille
defaulting Projccr Member ., the e"~nl of suck "'sp:ctive incre>Se.
In addition, NCPA may lCmliP .. te the provisions of Illis Agreemen.
insofar as Il1ey entide the defaulting Project Memb<r 10 lis Pcrcenlllge P:uticipa6on of
Projea OUtpL'l
(1)) foe the purposes of such assignmen~ NCPA may fix and
sehedule the IOtIl amounr payable by coch Project Member into my number of scrrU-JIlnual
paymenrs. DOl1eu than f-our 001" to exceed tCT\., and tbe dates on .... hich SIICD payments will
be made. and ex. Projccr Member agrees 10 abide by sue. selledule. NCP A sh.~ pro";de
• ",asonable opportunity roc any Project Memb<r ., p<epay its IOtIl obligation.
(<:J After soc!! an assignment is made, DO Projecr Member may
avoid the obfigariOll 50 assigned by withdrawal punuanr ., section 8 hereO{ 0< od=wisc.
(d) If NO'A makes an assignmenr pursuanr 10 rills "",tion. i<
truly rr:msfer :uty or :Ill at its rights and duties .,. DOnprofir co'por-uion rocm.d ., act 00
behalf of NO'A if the vorlng power of the members 0{ such co<p0l':uioo is disrnl>ured in
the same manner as <I1ar provided in sections 3 and 9 0{ rbi s .&.greemenL
SecOOo 8. Wubdnwa! From Fuaber PmjcjpaDorl. If .. any rime roDowing the
<>=000 0{ rbis AgreemcnL 11= is an incm>se in NO' A·, financiil cammittnen< pursuan,
10 secrioo 6. Projccr Members may panialIy wilI!draw, i., from participanOD in the
increase, 0< may ";rIldraw .. holly from the Project Soc. wirhdrawal shall be subject 10
honoring any commitments made by mem or on r/Ieir behalf pur.;uan,., .u<l1~ of
rbi, Agreemenr. To wirlldraw, sue. Project MembeIs shall give NCPA writteD norlco of sue" wirlldrawol. in pan or in wbole, wit1-.in miny (30l clays 0{ <11. =ipr of the notice by
them of the increase.
Section 9. V gri"n g B ighu and pIQtion. A Project Member is participating kr
purposes of secrioo ~ pm%l>l:lge vorlng UIltii it t<Jmple!ely ""lhdraws. bu, • para>! 0<
<:omple~ wirlldraW1ll ...rn result in • com:spooding rcducOon in irs perccnl:lge participaO<>rL
I'haso II ~,I,/Comt,;ned Cycle 71!1'¥J DEC
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When the Third Pbase A~men' is CXet:1J!I:d, oc revised, ~ pan;cipaOOn pen;en!ages
sIlall be est3br1Slled by diviClIl g !he amount of Prop share agreed 10 be pun:hased by e>ell
Project Member bY II1e IOtlI amount of Prop.. shares 10 be purcl1ased by all Project
Memben. Fa.-voring PU!p05<S and IOc estlblisrung • quorum in litis Agr<emen, and in "'e
Third I'IIase Agreemen~ II1e 65% of percentage participation specified in sections 3 and 10
shall be reduced by II1e amount dw !he pen;ent1ge panicipation of any Prop.. Member
e,~ 35%, bUI such 65% shaD DOl be reduced below • maYriJ in in=
Section 10. QJQ!l!!D Defined The pteSenCo of either. majori<y of the
Proje<:t Members. oc of Project Members the. having. combined panicipation percentage
of it< !east 65'10 shall conslirutc • quorum fa.-IIle purpose of action.
IN WITNEss WHEREOF, each Prop.. Member has "..cuted !his Agreement whit
II1e approval of its ,(Werning body, and caused is officiaI =110 be affixed, and NCP A
It .. autborizcd dO. A~' in accordance ...un II1e :wtI!orizalioo of its Oxnrnission..
NORTHERN CALIFORNIA
PO'W'ER AGENCY
BT-, ________________ __
CITY OF HEALDSBURG
BT-________________ _
BT-________________ __
0lY OF LOMPOC
BT-__________________ _
By,, ________________ __
0lY OF ROSEVJlLE
BT-________________ _
BT-________________ ___
~ II AgmtINCPAlCom!l;ned CycJe
BT-________________ ___
OTYOFlOO£
BT-, __ ----------------
Br-, ________________ __
OTY OF PALO AL 10
BT-________________ __
BT-________________ ___
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