HomeMy WebLinkAbout~Master - 28-E Agreement for Ridgeport Wind Project RESOLUTION NO. 08-478
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.
ADOPTED THIS 31'day of October, 2008.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Rice
Voting aye: Doll, Goodman, Popken, Rice
Voting nay: Larson Absent: Mahayni
Resolution declared adopted and signed by the Mayor this 3 1'day of October, 2008.