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05/20/2003 Resolutions 2003-146 I I I RES 0 L UTI 0 N 2003-146 WHEREAS, on May 22,2001, by Resolution 2001-135, the City of Grand Island approved the bid of General Electric Company of Schenectady, New York for two combustion turbine generators; and WHEREAS, the combustion turbine project at the Burdick Station is now complete, and has been accepted by the Utilities Department for commercial operation as of March 27, 2003; and WHEREAS, due to the complex nature of the project, a number of disputes have arisen between the City and the major equipment supplier for the project, General Electric Power Systems; and WHEREAS, in an effort to resolve such disputes without proceeding through the court system, a potential settlement agreement has been negotiated between the parties; and WHEREAS, it is recommended that the City approve the terms to such negotiated settlement; and WHEREAS, the proposed Settlement Agreement has been reviewed and approved by the City Attorney. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the General Electric Combustion Turbine Contract Settlement by and between the City of Grand Island and General Electric Power Systems is hereby approved for the settlement of all issues pertaining to the combustion turbine generator project at Burdick Station as set out in such agreement. BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to execute such settlement agreement on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, May 20,2003. Qf\~ ~W~ RaNae Edwards, City Clerk