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04/24/2012 Resolutions 2012-102RESOLUTION 2012-102 WHEREAS, since 1970, the City of Grand Island has purchased firm power and associated energy from the Western Area Power Administration (WAPA), the federal bureau tasked with the operation and administration of the hydroelectric dams on the Missouri River, in accordance with WAPA Contract No. 14-06-600-15A; and WHEREAS, on March 4, 1991, the original contract was replaced with Contract No. 90-BAO-413 which was amended in accordance with Resolution 98-307, to extend the expiration of such contract until December 31, 2020; and WHEREAS, in November, 2011 WAPA issued its 2021 Power Marketing Initiative to support extending the existing Contract Rate of Delivery with associated energy to existing long- term firm power customers such as Grand Island, and WHEREAS, by approving the Reserve Contract, Grand Island's existing Contract Rate of Delivery would be reserved through December 31, 2020. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Reserve Contract with the Western Area - Power Administration is hereby approved; and the Mayor is hereby authorized and directed to execute the Reserve Contract on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, Apri124, 2012. Approved as to Form April 23, 2012 � City rney