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HomeMy WebLinkAbout~Master - Participation in IAMU Joint Municipal Wind Project RESOLUTION NO. 07-112 RESOLUTION AUTHORIZING CITY OF AMES' PARTICIPATION IN IOWA ASSOCIATION OF MUNICIPAL UTILITIES JOINT MUNICIPAL WIND PROJECT FOR THE CITY OF AMES WHEREAS, on January 31, 2007, the Iowa Association of Municipal Utilities (IAMU) forwarded a Letter of Intent to the Ames Electric Services Department to determine the City's interest in participating in a possible joint municipal wind project; and, WHEREAS,the scope of the project is to develop at one or more sites a grid-connected wind power; and, WHEREAS,Phase I costs will be assessed at a rate of$4,600 per MW of reservation, and the City's maximum cash exposure for Phase I will be $50,600; and, WHEREAS,funding is available in the Base Load Generating Capacity Proj ect in the CIP;and, WHEREAS, the Electric Utility Operations Review&Advisory Board(EUORAB) met and reviewed the proposed Letter of Intent and is recommending that the City Council approve participation in this joint project. NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the Letter of Intent and Confidentiality Agreement for participation in the Iowa Association of Municipal Utilities' Joint Municipal Wind Project is hereby approved, and Electric Services staff is authorized to execute the agreements on behalf of the City of Ames. ADOPTED THIS 6t'day of March, 2007. C�A�"_R. LY-d& . Diane R. Voss, City Clerk Ann H. Campbell, Mayor Introduced by: Goodman Seconded by: Doll Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice Voting nay: None Absent: None Resolution declared adopted and signed by the Mayor this 6"day of March, 2007.