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<br /> 1 <br /> 2 <br /> 3 <br /> I <br /> 4 II <br /> I <br /> I <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br /> 9 <br /> 10 <br /> 11 <br /> 12 <br /> 13 <br /> 14 <br /> 15 <br /> 16 <br /> 17 <br /> 18 <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br />1-12-83 <br />JW/h 32 <br />CITY ATTORNEY <br />RIVERSIDE <br />CALI FORNIA <br /> <br />RESOLUTION NO. 14876 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />RIVERSIDE, CALIFORNIA, APPROVING THE TERMS AND <br />CONDITIONS OF THE LAY-OFF POWER PURCHASE CONTRACT <br />AMONG UTAH POWER AND LIGHT COMPANY AND CITY OF <br />RIVERSIDE AND INTERMOUNTAIN POWER AGENCY AND <br />AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE <br />SAID AGREEMENT. <br /> <br />WHEREAS, the City of Riverside is a 6.817% participant <br /> <br />in the Intermountain Power Project as provided in the Power <br /> <br />Sales Contract with the Intermountain Power Agency; and <br /> <br />WHEREAS, Intermountain Power Project is to be reduced in <br /> <br />capacity from 3000 mw to 1500 mw; and <br /> <br />WHEREAS, 21 percent of Utah Power and Light Company's <br /> <br />25 percent project participation is to be laid off to other <br /> <br />project participants; and <br /> <br />WHEREAS, the City Council finds and determines that <br /> <br />it is in the best interests of the electric consumers of the <br /> <br />City of Riverside to acquire 0.8 percent (12 mw) of the project <br /> <br />from Utah Power and Light Company under a Lay-Off Contract; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br /> <br />City of Riverside that the terms and conditions of the Lay-Off <br /> <br />Power Purchase Contract among Utah Power and Light Company, <br /> <br />City of Riverside and Intermountain Power Agency be and the <br /> <br />same are hereby approved. <br /> <br />BE IT FURTHER RESOLVED that the Mayor and City Clerk <br /> <br />are authorized and directed to execute said Lay-Off Power <br /> <br />Purchase Contract by and on behalf of the City of Riverside. <br /> <br />ADOPTED by the City Council and signed by the Mayor and <br /> <br />attested by the City Clerk this 18th day of January, 1983. <br /> <br />/, <br /> <br />Attest: <br /> <br /> <br />a/~ 6~ c~~ <br />City Clerk of the City of Riverside <br />