HomeMy WebLinkAbout~Master - Resolution expressing continuing City Council Support for construction of new Thermal Generation Plant for Electric ServicesRESOLUTION NO. 26-256
RESOLUTION EXPRESSING CONTINUING CITY COUNCIL SUPPORT
FOR THE CONSTRUCTION OF THE NEW THERMAL GENERATION PLANT
FOR ELECTRIC SERVICES
FOR THE CITY OF AMES, IOWA
WHEREAS, with the Utility's aging electric generation equipment and the Utility's
need to maintain capacity to meet its growing electric peak demand, the City has begun
a project to build new generation; and,
WHEREAS, Sargent & Lundy, the Utility's engineering consultant, was asked to
update the project cost estimate that was created in 2024 for the Capital Improvement
Plan. The updated cost estimated has increased to $190,000,000 from $84,000,000 ; and,
WHEREAS, due diligence has been performed to validate and understand this new
estimate, and outside financial consultants have reviewed how it will be funded. It remains
in the best interest of the Electric utility to construct a new generating plant that will provide
necessary generating capacity, offer price certainty for electric production, and enhance
the reliability of electric service for its customers.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,
Iowa, that expressing continuing City Council support for the construction of the new
thermal generation plant for Electric Services, and authorizing staff to continue the plant
development, given the new cost estimate for the project , is hereby approved.
ADOPTED THIS 28th day of April, 2026.
_______________________________ _________________________________
Renee Hall, City Clerk John A. Haila, Mayor
Introduced by: Rollins
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Corrieri, Junck, Gartin, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 28th day of April, 2026.