HomeMy WebLinkAbout~Master - TRANSLink settlement agreement RESOLUTION NO. 03-039
RESOLUTION APPROVING SETTLEMENT AGREEMENT
WITH TRANSLINK
FOR THE CITY OF AMES
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the settlement agreement of the City of Ames Electric Services with TRANSLink for a projected
cost reduction of$3,584,900 from 2003 until 2016 is hereby approved; the City of Ames has the
rights to invest in other transmission facilities in the TRANSLink service area knowing this obligates
the City of Ames Electric Services to construct the 161-kV transmission line from Ankeny, Iowa,
to Ames, Iowa, as this project is already included in the five-year Capital Improvements Plan with
an estimated completion date of 2007.
ADOPTED THIS 28`h day of January, 2003.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Wirth
Seconded by: Mahayni
Voting aye: Cross, Goodhue, Hoffrnan, Mahayni, Vegge, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 28th of January, 2003.