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02/18/2003 Resolutions 2003-52 I I I RES 0 L UTI 0 N 2003-52 WHEREAS, the addition of the gas turbines at the Burdick Station will meet the City of Grand Island's utility peaking requirements for many years into the future; and WHEREAS, optimum mix of peaking and base load electric generation resources, however, will begin to erode in the 2008-2012 time frame; and WHEREAS, with the cost of natural gas fuel three to five times higher than coal fired energy, increases in gas consumption have a major impact on finances; and WHEREAS, participation with other Nebraska coal-fired power plants will be an option to obtain additional energy sources if necessary; and WHEREAS, Omaha Public Power District is constructing a 600MW unit at their existing plant site on the Missouri River near Nebraska City, which will have 300MW of generating capacity available to other entities; and WHEREAS, it is recommended that the City commit to negotiate in good faith to reach agreement with Omaha Public Power District for up to 30 MW of energy from its Nebraska City Unit #2; and WHEREAS, a Memorandum of Understanding has been prepared to finalize the terms and conditions of a Participation Power Agreement between the parties in order to obtain up to 30MW of energy after the Omaha Public Power District Nebraska City Unit #2 is constructed and operational. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the Memorandum of Understanding between the City of Grand Island and Omaha Public Power District is hereby approved to finalize the terms and conditions of a Participation Power Agreement between the parties in order to obtain up to 30MW of energy after the Omaha Public Power District Nebraska City Unit #2 is constructed and operational. BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to execute such Memorandum of Understanding on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, February 18, 2003. Q,f\aJl- Q UUnN.h. RaNae Edwards, City Clerk Approved as to Form II February 14, 2003 II City Attorney