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08/09/2005 Resolutions 2005-224 I I RES 0 L UTI 0 N 2005-224 WHEREAS, for the past four years, the City of Grand Island has been participating in the development of a new base load, coal fired electric generating plant to be built in Hastings at the same site as the existing Hastings plant; and WHEREAS, the site is named the Whelan Energy Center (WEC) and the new project is generally referred to as WEC2; and WHEREAS, the WEC2 capacity is designed to be 220 megawatts (MW), with the current Grand Island share to be 15 MW; and WHEREAS, the legal governing agency ofthe project is the Public Power Generating Agency (PPGA), with one board member to be appointed from each project participant; and WHEREAS, the creation of the Public Power Generating Agency includes the approval ofthree documents: the Interlocal Agreement, the Bylaws ofthe Public Power Generating Agency, and the Participation Agreement; and WHEREAS, Grand Island's electric load, like that ofthe state in general, continues to grow; and WHEREAS, in order to maintain a near optimum mix of electric generation resources for the future, base load capacity will need to be added; and WHEREAS, the WEC2 project offers an opportunity to add electric base load capacity; and WHEREAS, the City Attorney has reviewed and approved the above identified contract documents to participate in such project. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the City of Grand Island is hereby authorized to participate in the Whelan Energy Center Unit No.2 power plant project. BE IT FURTHER RESOLVED, that the Public Power Generation Agency Participation Agreement, Interlocal Agreement, and Bylaws of the Public Power Generation Agency are hereby approved; and the Mayor is hereby authorized and directed to execute such documents on behalf of the City of Grand Island. Adopted by the City Council of the City of Grand Island, Nebraska, August 9,2005. Approved as to Form II f7 f? ,,,/ August 2, 2005 II 8lY Attorney