HomeMy WebLinkAboutAgenda Report - May 4, 1983 (41)j, CITY COUNCIL MEETING ,.�.
MAY 4, 1983
PHASE AC REEMWr
FOR GEYSERS
TRANSMISSION
FACILITIES
APPROVED Agenda item k-5 "Approve NCPA Second Phase Agreement for
Geysers Transmission Facilities" was introduced by City
Manager Glaves.
RFS. NO. 83-34 Mr. Roger Fontes of the NCPA Staff made a presentation to
the Council on the subject which included the following
information:
I. Introduction
II. 2nd PhaseA t for Geysers Transmission Project
a. Background
b. Available PG&E Transmission Service
c. "11heeling" Versus Ownership
d. 2nd Phase Agreement Provisions
1. Geysers -Lakeville Line
2. Joint New Line
III. Budget
a. NCPA 2nd Phase Agreement
b. 4 -Party 'Joint Venture Agreement
c. NCPA Budget/Cash Flow
d. Project Financing
A very lengthy discussion followed with gaestions being
directed to the City Manager and to Mr. Fontes. '
On motion of Council Member Snider, Olson second, Council
adopted Resolution No. 83-34 approving the NCPA Agreemmt
for Financing of Planning and Licensing Activities for
Construction of Geysers Transa;ssion Facilities and
authorized the Mayor and City Clerk to execute the Agrement
on behalf of the City. The motion carried by the following
vote:
Ayes: Council Members - Murphy, Snider, and Olson
Noes: Council Men hers - Pinkerton