HomeMy WebLinkAbout~Master - Participation Agreement for Ridgeport Wind Project RESOLUTION NO. 08-470
RESOLUTION APPROVING PARTICIPATION 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 R 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.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the Participation Agreement for the Iowa Agency for Municipal Wind is hereby approved.
ADOPTED THIS 28`h day of October, 2008.
C�A�"'R. L -d&
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Mahayni
Seconded by: Rice
Voting aye: Doll, Goodman, Mahayni, Popken, Rice
Voting nay: Larson Absent: None
Resolution declared adopted and signed by the Mayor this 28'day of October, 2008.