HomeMy WebLinkAboutResolutions - No. 84-015RESOLUTION NO. 84-015
CITY OF LODI
WHEREAS, the City has heretofore entered into that
certain Agreement For Financing of Planning and Development
Activities for Construction of Combustion Turbine Generating
Facilities," dated as of August 1, 1983 ("The Agreement"),
among the Northern California Power Agency ("NCPA") and certain
of its members; and
WHEREAS, the City and the other parties to the Agreement
desire to amend the Agreement with regard to their participa-
tion in, and financial commitment to, the planning and develop-
ment activities which are the subject of the Agreement;
NOW, THEREFORE, be it resolved by the Council of the
City of Lodi, as follows:
Section 1. Amendment No. 1, dated as of March 1, 1984
to Agreement for Financing of Planning and Development
Activities for Construction of Combustion Turbine Generating
Facilities, dated as of August 1, 1983, be, and the same hereby
is, approved.
Section 2. The City agrees to a total financial
commitment for its 45.45% (31.088 MW) participation share of a
total of $550,000 principal amount plus interest thereon, if
any, including payments and advances heretofore made.
Section 3. The City Manager is authorized and directed
to execute Amendment No. 1 to the Agreement on behalf of the
City and to transmit it to the Northern California Power Agency
prior to March 1, 1984.
Dated: February 15, 1984
I hereby certify that Resolution No. 84-015 was passed
and adopted by the City Council of the City of Lodi in a
regular meeting held February 15, 1984 by the following
vote:
Ayes: Council Members - Reid, Snider and Olson
Noes: Council Members - Murphy
Absent: Council Members - None
Abstain: Council Members - Pinkerton
ALICE M. REIMCHE
City Clerk
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