HomeMy WebLinkAboutResolutions - No. 85-68RESOLUTION NO. 85-68
RESOLUTION APPROVING "PROJECT AGREEMENT
TRANSMISSION AGENCY OF NORTHERN CALIFORNIA"
RESOLVED that the City Council of the City of Lodi, does hereby
approve "Project Agreement Transmission Agency of Northern California".
BE IT FUFaHER RESOLVED that the City Council of the City of Lodi,
does hereby authorize the Mayor and City Clerk to execute the subject
document on behalf of the City.
Dated: June 19, 1985
I hereby certify that Resolution No. 85-68 was passed and
adopted by the City Council of the City of Lodi in a Regular
Meeting held June 19, 1985 by the following vote:
AYES: Council Members - Olson, Reid, Snider, and Hinchman
(Mayor)
NOES: Council Members - Pinkerton
ABSENT: Council Members - None
ABSTAIN: Council Members - None
ALICE M. REIMCHE
CITY CLERK
PROJECT AGREEMENT
TRANSMISSION AGENCY OF NORTHERN CALIFORNIA
This Project Agreement ("Agreement") is dated as of
June 19, 1985 by and among the undersigned Members of
Transmission Agency of Northern California ("Agency"), a
California joint exercise of powers agency, and the Agency.
WITNESSETH:
WHEREAS, the Agency desires to issue a promissory note
(the "Promissory Note") in the form attached hereto as Exhibit A
pursuant to California Government Code Section 6547 for the
purpose of financing studies, the acquisition of options, permits
and other preliminary costs to be incurred prior to the
undertaking of construction or acquisition of a project for the
transmission of electric energy; and
WHEREAS, none of the undersigned members of the Agency
has contracted or is to contract to make payments to be applied
to the payment of said Promissory Note;
NOW THEREFORE, in consideration of the foregoing and the
covenants contained herein, the undersigned agree as follows:
1. Each of the undersigned Members of the Agency
hereby approves of the issuance and sale of the Promissory Note
in the form attached hereto as Exhibit A bearing such interest
rate or rates and at such price as the Commission of the Agency
shall authorize. Such approval is intended to be and is limited
to the approval required by Paragraphs 6 and 15 of the Joint
Powers Agreement creating the Agency attached hereto as Exhibit B
and such approval is not intended to be and shall not constitute
an authorization pursuant to Section 6547 of the California
Government Code.
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2. The Promissory Note shall not constitute a debt,
liability or obligation of any of the Members of the Agency and
shall not constitute a debt of the Agency payable by the Members
of the Agency pursuant to Paragraph 21 of the Joint Powers _
Agreement attached hereto as Exhibit B.
3. This Agreement may be executed in several
counterparts, each of which shall be deemed to be an original and
all of which, when taken together, shall consitute a single
Agreement.
Transmission Agency of Northern
California
By
And
City of Alameda
By
And
City of Biggs
By
And
City of Gridley
By
And
City of Healdsburg
By
And
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City of Lodi
By /
And - V
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City of Lompoc City Clerk
By
And
Modesto Irrigation District
By
And
City of Palo Alto
By
And
City of Redding -
By
And
City of Roseville
By
And
Sacramento Municipal Utility
District
By
And
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City of Santa Clara
By
Turlock Irrigation District
By
And
City of Ukiah
By
And
Plumas-Sierra Rural Blectric
Cooperative, Inc.
By
And
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