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Resolution No. 6761 I RESOLUTION NO. 6761 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A FIRM WHOLESALE POWER AGREEMENT NO. 1 AND STIPULATION OF CHARGES FOR TRANSACTIONS BY AND BETWEEN THE CITY OF VERNON AND ARIZONA PUBLIC SERVICE COMPANY 4 5 6 7 WHEREAS, Arizona Public Service Company ("APS") desires to sell to the City of Vernon from resources available to APS, and the City of Vernon desires to purchase from APS, firm capacity and 8 9 10 II 12 13 associated energy; and WHEREAS, APS has ownership entitlement in the Mead- Phoenix Transmission Project, and the city of Vernon has ownership entitlement in the Mead-Adelanto Transmission Project which are 14 estimated to be completed and operational during the first half of 15 16 17 1996, and, when operational, will establish a transmission connection between APS and the City of Vernon at the Marketplace Substation which will allow APS to schedule capacity and deliver 18 associated energy to Vernon; and 19 20 21 WHEREAS, the City of Vernon is in the process of negotiating a Firm Bilateral Transmission Service Agreement with Southern California Edison Company which will provide service 22 between Victorville-Lugo Midpoint and Vernon City Gate which will 23 complete a Marketplace to Vernon transmission path; and 24 WHEREAS, APS and the City of Vernon desire to enter into 25 26 a Firm Wholesale Power Agreement No. 1 setting forth the terms and conditions under which APS will schedule capacity and deliver 27 associated energy to Vernon; and 28 WHEREAS, pursuant to Section 10 of said Firm Wholesale I Power Agreement No.1, APS and the City of Vernon desire to enter 2 into a Stipulation of Charges for Transactions. 3 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: 4 5 SECTION 1: The City Council of the City of Vernon does hereby find and determine that the recitals contained hereinabove 6 7 are true and correct. 8 SECTION 2: The City Council of the City of Vernon hereby 9 approves the Firm Wholesale Power Agreement No. 1 and Stipulation 10 II l2 13 of Charges for Transactions, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Agreement and Stipulation to be received and filed by the City Clerk. SECTION 3: The City Council of the city of Vernon hereby 14 15 16 17 authorizes the Mayor and the City Clerk to execute said Agreement and Stipulation for, and on behalf of, the City of Vernon. SECTION 4: The City Clerk of the city of Vernon shall certify to the passage of this resolution and thereupon and 18 19 thereafter the same shall be in full force and effect. 20 APPROVED AND ADOPTED this 5th day of March, 1996. 21 22 --... /~k 23 24 ATTEST: ~ BRUCE V. MALKENHORST, City Clerk 25 26 27 28 -2- I STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) 2 3 4 I, BRUCE V. MALKENHORST, City Clerk of the City of 5 Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 6761, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Tuesday, March 5, 1996, and thereafter was duly signed by the 6 7 8 9 Mayor of the City of Vernon. ~/~ 10 II 12 13 14 BRUCE V. MALKENHORST, City Clerk ( SEAL) 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -3-