05/26/2015 Resolutions 2015-133 — RESOLUTION 2015-133
WHEREAS, Grand Island is a participant in the Public Power Generating Agency
(PPGA), which is a group of public power utilities organized under the Interlocal Agreement
provision of state law for the construction and operation of the coal fired power plant located in
Hasting, Nebraska—Whelan Energy Center(WEC) 2; and
WHEREAS,the PPGA Board of Directors recently approved the issuance of bonds to
refund the original revenue bonds issued in 2007 to take advantage of the current bond market and
interest rates; and
WHEREAS, as part of the bond issuance, each participant is required to execute a
Certificate of Participant.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
The Certificate of Participant,to be dated May 28,2015,should be approved and its execution by the
Mayor and delivery authorized.
PASSED AND APPROVED by the City Council of the City of Grand Island,
Nebraska, May 26, 2015.
rem L. s-6, Mayor
Attest:
10 lb
RaNae Edwards, City Clerk
Approved as to Form AIM('
May 26,2015 0 it Worney