Loading...
HomeMy WebLinkAboutResolution No. 142-25 - Resolution - Seventh Amendment to Existing Power Purchase Agreement for Valley High Solar RESOLUTION Approving the Seventh Amendment to the Existing Power Purchase Agreement (PPA) for Valley High Solar. WHEREAS, City Charter Section 15.04 Authorizes the Common Council to enter a contract for a term not exceeding 40 years with any corporation to supply the city with electricity. Such contract shall be made by the Common Council after receiving a report thereon from the public utility board; and WHEREAS, City of Rochester through the Public Utility Board entered into the subject renewable Power Purchase Agreement (PPA) on May 5, 2020, and six subsequent Amendments; and WHEREAS, the Public Utility Board of the City of Rochester authorized the General Manager to provide a report to the Common Council recommending approval of the amendment to the Valley High Solar PPA based on a recent ownership change of the facility; and WHEREAS the Public Utility Board recommended that the Common Council authorize the General Manager and City Attorney to review and approve any future non- substantive changes to the Valley High Solar PPA. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester, Minnesota, that the Council authorizes the General Manager and City Attorney to execute the Seventh Amendment to the Valley High Solar PPA; and BE IT FURTHER RESOLVED by the Common Council of the City of Rochester to recommend that the Comon Council authorize the General Manager and City Attorney to review and approve any future non-substantive changes to the Valley High Solar PPA. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2025. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)