09/14/2004 Resolutions 2004-234
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RES 0 L UTI 0 N 2004-234
WHEREAS, on July 12, 2004, an Agreement to Share Initial Costs to Investigate
Creation of South Dakota Public Power Authority was entered into by and between Brookings
Municipal Utilities, Missouri River Energy Services, and Heartland Consumers Power District to
investigate the formation of an entity to be responsible for the acquisition for the natural gas and
electric facilities of Northwestern Corporation located in the State of South Dakota, the State of
North Dakota, the State ofIowa, and certain portions of the State of Nebraska; and
WHEREAS, such agreement authorizes the parties to complete the initial
investigation phase, to assess whether the project is feasible, and to divide the costs for such
investigation; and
WHEREAS, a number of South Dakota cities have expressed a desire to participate in
such agreement; and
WHEREAS, the parties to such agreement have contacted the City of Grand Island,
the City of Kearney, and the City of North Platte to determine if they would be interested in
exploring the possibility of creating a new public power entity that would investigate the possibility
of acquiring the assets of Northwestern Corporation in the event the company is sold; and
WHEREAS, ifthe City of Grand Island chooses to join such group, it will enable the
City to participate in this project through the initial investigations to determine whether it would be
economically and legally viable; and
WHEREAS, the City would be responsible for a share ofthe initial costs, which is
anticipated to be not more than $50,000; and
WHEREAS, it is recommended that the City of Grand Island participate in such
investigation; and
WHEREAS, the proposed Addendum No.2 to the Agreement to Share Initial Costs to
Investigate Creation of South Dakota Pub lic Power Authority 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 Addendum No.2 to the Agreement to Share
Initial Costs to Investigate Creation of South Dakota Public Power Authority is hereby approved; and
the Mayor is hereby authorized and directed to execute such addendum on behalf of the City of
Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, September 14, 2004.
Q~\\rt~ u:LwaNJo.
RaNae Edwards, City Clerk
Approved as to Form lX
September 9, 2004 lX