HomeMy WebLinkAboutResolutions - No. 2011-59RESOLUTION NO. 2011-59
A RESOLUTIONOF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGERTO TERMINATE
THE CITY OF LODI'S PARTICIPATION IN THE SEATTLE
CITY LIGHT CAPACITY AND ENERGY EXCHANGE
THIRD PHASEAGREEMENT
WHEREAS, on October 6, 1992, the City of Lodi (City) entered into the Seattle
City Light Capacity and Energy Exchange Third Phase Agreement (Exchange
Agreement) with the Northern California Power Agency (NCPA) and other NCPA
Members; and
WHEREAS, it has been found that the City's continued participation in the
Exchange Agreement is no longer in the economic interest of the City and its electric
rate payers; and
WHEREAS, because the Exchange Agreement requires a seven-year
notification to terminate Lodi's participation in the agreement, staff recommends that the
City Council approve the City of Lodi's termination of its participation so that notice can
be given by the required date of April 30, 2011.
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby
authorize the City Manager to terminate Lodi's participation in the Seattle City Light
Capacity and Energy ExchangeThird Phase Agreement.
Dated: April 20, 2011
hereby certify that Resolution No. 2011-59 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held April 20, 2011, by the following vote:
AYES: COUNCIL MEMBERS — Hansen, Katzakian, Nakanishi, and
Mayor Johnson
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Mounce
ABSTAIN: COUNCIL MEMBERS — None
(&JOHL
City Clerk
2011-59