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12/09/2003 Ordinances 8877 I I I ORDINANCE NO. 8877 An ordinance to approve and ratify the execution of a Power Participation Agreement by and between the City of Grand Island and Omaha Public Power District to obtain 30MW (initial participation amount) of energy from OPPD; to repeal any ordinance or parts of ordinances in conflict herewith; and to provide for publication and the effective date of this ordinance. WHEREAS, on October 14, 2003, by Resolution 2003-279, the City of Grand Island City Council approved a Power Participation Agreement with Omaha Public Power District (OPPD) to obtain 30 MW (initial participation amount) of energy from OPPD after its Nebraska City Unit #2 plant is constructed and operational; and WHEREAS, Neb. Rev. Stat. 918-412.06 requires that such agreement be authorized by ordinance. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA: SECTION 1. The Power Participation Agreement by and between the City of Grand Island and Omaha Public Power District authorizing the City to obtain 30MW (initial participation amount) of energy from OPPD after its Nebraska City Unit #2 plant is constructed and operational, which was authorized by Resolution 2003-279 on October 14, 2003, is hereby approved as to the terms, conditions and periods set forth therein and its execution and delivery by the City is hereby ratified and confirmed. SECTION 2. The Mayor ofthe City of Grand Island is hereby authorized to enter into this Power Participation Agreement and such other agreements, instruments and certificates as are necessary to effectuate the purpose of said agreement for obtaining 30 MW (initial Approved as to Form II December 4, 2003 II City Attorney I ORDINANCE NO. 8877 (Cont.) subscription amount) of power from OPPD's Nebraska City Unit #2 and the Mayor's signature on any such documents is hereby approved and ratified. SECTION 3. Any ordinances or parts of ordinances in conflict herewith be, and hereby are, repealed. SECTION 4. This ordinance shall be in force and take effect from and after its passage and publication, within fifteen days in one issue of the Grand Island Independent as provided by law. Enacted: December 9, 2003. \ J""" /7 \, ~~ ey~vrice , Mayor I Attest: A\ Ua ~Offi ))o~ll h 0 i C%J.. RaNae Edwards, City Clerk ~ t I - 2 -