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HomeMy WebLinkAboutResolutions - No. 2021-259RESOLUTION NO. 2021-259 A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE CITY MANAGER TO EXECUTE THIRD PHASE AGREEMENT WITH NORTHERN CALIFORNIA POWER AGENCY FOR POWER PURCHASE AGREEMENT WITH SOUTH FEATHER WATER AND POWER AGENCY WHEREAS, the City of Lodi (Lodi) is a signatory to the Joint Powers Agreement (JPA) which created the Northern California Power Agency (NCPA) and therefore is a Member; and WHEREAS, Lodi and other NCPA Members have executed the Amended and Restated Facilities Agreement which establishes the framework under which Project Agreements are created for the development, design, financing, construction, and operation of specific NCPA Projects; and WHEREAS, Lodi and other Members desire NCPA to enter into a Power Purchase Agreement (PPA) with South Feather Water and Power Agency (SFWPA) for the South Feather Power Project located in Butte County; and WHEREAS, under the terms of the PPA, NCPA will purchase the electrical energy output, capacity attributes, renewable energy credits, and all other environmental attributes associated with the South Feather Power Project which includes Forbestown Powerhouse (37.5 MW), the Kelly Ridge Powerhouse (11.0 MW), the Sly Creek Powerhouse (13.0 MW), and the Woodleaf Powerhouse (60.0 MW) from SFWPA over a 20 -year delivery term; and WHEREAS, the Third Phase Agreement with NCPA for the PPA with SFWPA (Agreement) is a contract between NCPA and the Port of Oakland and San Francisco Bay Area Rapid Transit District as well as the cities of Healdsburg, Lodi, Lompoc, Roseville, Ukiah, and Santa Clara (Silicon Valley Power); and WHEREAS, the Agreement facilitates the transfer of all costs, obligations, and benefits associated with the PPA from NCPA to the signatories to the Agreement in proportion to each signatory's Project Participation Percentage as identified in the Agreement, for the life of the PPA; and WHEREAS, Lodi's Project Participation Percentage share of the PPA will produce approximately 31,000 MWhs per year, a portion of which can be used to meet Renewables Portfolio Standard requirements, at an annual estimated cost of $1,798,000 during an average water year; and WHEREAS, on August 24, 2021, the Risk Oversight Committee received a report and recommended approval of the Agreement with NCPA. NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby authorize the City Manager to execute a Third Phase Agreement with the Northern California Power Agency for a Power Purchase Agreement with the South Feather Water and Power Agency; and BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol Manual (Res. No. 2019-223), the City Attorney is hereby authorized to make minor revisions to the above -referenced document(s) that do not alter the compensation or term, and to make clerical corrections as necessary. Dated: September 15, 2021 I hereby certify that Resolution No. 2021-259 was passed and adopted by the City Council of the City of Lodi in a regular meeting held September 15, 2021, by the following vote: AYES: COUNCIL MEMBERS — Chandler, Hothi, Khan, Kuehne, and Mayor Nakanishi NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None JENNIF CUSMIR City Clerk 2021-259