HomeMy WebLinkAbout~Master - Consent and Agreement with Garden Wind, LLC RESOLUTION NO. 10-457
RESOLUTION APPROVING"CONSENT AND AGREEMENT"WITH GARDEN
WIND,LLC,AND UNION BANK,N.A., FOR ASSIGNMENT OF INTEREST
WHEREAS,the City of Ames on September 9, 2009, entered into an agreement with
Garden Wind, LLC, for the purchase of wind power from a wind facility located in Story and
Hardin Counties; and
WHEREAS, said agreement contemplated that Garden Wind, LLC, would enter into
financing arrangements in connection with the wind facility; and
WHEREAS, Garden Wind, LLC, has requested that the City of Ames approve a Consent
and Agreement that is consistent with the terms of the Power Purchase Agreement; and
WHEREAS, approval of the Consent and Agreement is in the best interest of the City of
Ames;
NOW THEREFORE,BE IT RESOLVED by the City Council of the City of Ames, Iowa, that
the Consent and Agreement with Garden Wind, LLC, and Union Bank,N.A. concerning the
Power Purchase Agreement of September 9,2009, is hereby approved.
Passed and Approved this 21st day of September, 2010.
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Ann H. Campbell,Mayor
Attest:
Diane R. Voss, City Clerk