01/22/2008 Resolutions 2008-16RESOLUTION 2008-16
WHEREAS, on November 22, 1999, by Resolution 99-372, the City of Grand Island
approved a 230/115 KV Transformer Replacement Agreement by and between the City of Grand
Island and Nebraska Public Power District (NPPD) to ensure compliance with MAPP regulations
and to have adequate resources to provide sound electrical service to the City; and
WHEREAS, on January 24, 2000, by Resolution No. 27, Amendment No. 1 to the
Transformer Replacement Agreement reflecting a change in interest rate computation was
approved; and
WHEREAS, the cost of the transformer replacement project cost was paid by Grand
Island, with such amount of payment being credited for use by Grand Island for transmission service
from NPPD, to receive electric power and energy from a power plant being built at Hastings
Nebraska.
WHEREAS That power plant construction project was delayed requiring an
extension of the expiration date of the Transformer Replacement Agreement from December 31,
2014 to December 31, 2020; and
WHEREAS, Amendment No. 2 to the Transformer Replacement Agreement which
reflects an extension of the contract expiration date to December 31, 2020, has been reviewed and
approved by the City Attorney's Office.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that Amendment No. 2 to the Transformer
Replacement Agreement by and between the City and Nebraska Public Power District is hereby
approved; and the Mayor is hereby authorized and directed to execute such amendment on behalf of
the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, January 22, 2008.
Margar Hornady, Mayor
Attest:
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RaNae Edwards, City Clerk
Approved as to Form o t~
January 21, 2008 ^ City Attorney