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HomeMy WebLinkAboutResolutions - No. 2008-04RESOLUTION NO. 2008-04 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE A NORTHERN CALIFORNIA POWER AGENCY (NCPA) GREEN POWER PROJECTAMENDED 3RD PHASEAGREEMENT WHEREAS, the City of Lodi ("City") is a municipal utility and an electrical "Load Serving Entity" within the California electrical transmission grid; and WHEREAS, the City desires to increase the utilization of renewable energy resources as part of its power mix strategy and has previously adopted a local Renewable Portfolio Standard (RPS); and WHEREAS, the City is ready, willing, and able to purchase power supplies through NCPA power purchase agreements and physical assets, which generate electricity using renewable resources; and WHEREAS, the Northern California Power Agency (NCPA) is ready, willing, and able to enter into power purchase agreements and acquire physical assets, which generate electricity using renewable resources on behalf of the City to assist in meeting the goals of its RPS; and WHEREAS, the City is desirous of joining the NCPA Green Power Pool (NGPP) to assist the City in meeting its RPS and other renewable power goals, reducing reliance on fossil fuels and their associated fuel price volatilities, assisting the State of California in meeting its renewable energy goals, lowering delivery risk by spreading energy deliveries across multiple projects, avoiding duplication of efforts, and achieving economies of scale; and WHEREAS, changes in the green power market have hindered the acquisition cf green power resources; and WHEREAS, the NCPA Commission on November 29, 2007, approved the Amended NGPP 3rd Phase Agreement, which addresses certain green market issues; and WHEREAS, the Amended NGPP 3"d Phase Agreement will better enable the City through NCPA to negotiate and enter into power purchase agreements and investigate and pursue the acquisition of physical assets to generate electricity using renewable resources. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize (i) the City Manager to execute a Northern California Power Agency Green Power Project Amended 3 Phase Agreement and (ii) the Electric Utility Director, or his/her designee, to represent the City in administering the Agreement in accordance with its terms. Dated: January 16,2008 hereby certify that Resolution No. 2008-04 was passed and adopted by the City Council of the City cf Lodi in a regular meeting held January 16, 2008, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Katzakian, and Mayor Mounce NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS— None RANDI JOHL City Clerk 2008-04