HomeMy WebLinkAbout~Master - 28-E Agreement for Ridgeport Wind Project RESOLUTION NO. 08-469
RESOLUTION APPROVING 28-E AGREEMENT
FOR RIDGEPORT WIND PROJECT
FOR THE CITY OF AMES
WHEREAS, this project involves the City's possible involvement in a new wind energy supply
facility called Ridgeport,and the City's goal of participation in this type of venture is to purchase renewable
energy from a wind facility to be developed by a private company; and,
WHEREAS, the Iowa Association of Municipal Utilities (IAMU) has served as the facilitator for
this project,contracted with private firms to locate possible sites for such a facility,and identified a possible
developer for the project; and,
WHEREAS, approximately 22 public utilities in Iowa, including Ames, would act as an overall
consortium to purchase the renewable energy, should it be developed; and,
WHEREAS, the current project is divided into Phases I and II, and in order to keep the project
moving forward and to facilitate the transfer of the assets of the project from IAMU to the partner utilities,
a separate entity, Iowa Agency for Municipal Wind(IAMWind) is being formed; and,
WHEREAS, the Phase I assessment of the project has been completed, and Phase II is intended to
provide information on wind data, environmental assessment of the site, negotiation services to secure a
private contractor to provide the generation,permitting, the transmission studies, and financing; and,
WHEREAS, Phase II will require the City to enter into a 28-E Agreement, which will create the
entity called the IAMWind, and as part of entering into this Agreement, the City would be bound by the
terms of the Bylaws, and a Participation Agreement; and,
WHEREAS,it is anticipated that the Ames Municipal Electric System share of the$1,366,345 Phase
II cost would be approximately$400,800; and,
WHEREAS,Iowa State University will share in this cost and will be billed by the City for its share
of about$91,100, leaving the City's share at approximately$309,700.
NOW, THEREFORE,BE IT RESOLVED by the City Council of the City of Ames,Iowa,that the
28-E Agreement for Iowa Agency for Municipal Wind is hereby approved,with the condition that it would
take unanimous support to change it.
ADOPTED THIS 28th day of October, 2008.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Popken
Seconded by: Rice
Voting aye: Doll, Goodman, Mahayni,Popken, Rice
Voting nay: Larson Absent: None
Resolution declared adopted and signed by the Mayor this 28tt'day of October, 2008.