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Resolution No. 09994 1 RESOLUTION NO. 9994 2 A RESOLUTION 'OF THE CITY COUNCIL OF THE CITY OF 3 VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A SCOPE OF SERVICES RELATING TO THE CONSULTING 4 SERVICES AGREEMENT BY AND BETWEEN THE CITY OF VERNON AND BLACK & VEATGH CORPORATION REGARDING-THE 5 B-I1tTED=C~E~E ~RO~E~ 6 7 WHEREAS, the City of Vernon ("City") is a chartered 8 municipal corporation of the State of California that owns and 9 operates a system for the generation, purchase, transmission, 10 distribution and sale of electric capacity and energy;-and. 11 WHEREAS, on January 12, 2009, the City Council of the City 12 of Vernon adopted Resolution No. 9812 approving and authorizing the 13 execution of a Consulting Services Agreement dated December 3, 2008, 14 (the "Original Agreement") with Black & Veatch Corporation ("B & V") 15 as a master agreement to approve written requests for services to be 16 signed by both parties and attached as Exhibit A to assist with the 17 development of renewable resources; and 18 WHEREAS, the City is requesting B & V to provide analytical 19 support in its due diligence and project development efforts related 20 to the Combined-Cycle 1X1 Project in the not to exceed sum of 21 $38,490.00; and 22 WHEREAS, the City and B & V desire to enter into a Scope of 23 Services to the Original Agreement setting forth the terms and 24 conditions under which B & V shall perform the work effective May. 1, 25 2009; and 26 WHEREAS, the City Council of the City of Vernon has 27 determined that, pursuant to the provisions of subsection (a) of 28 Section 2.27 of the Vernon City Code, it is in the best interest and 1 necessity to enter into an agreement with B & V for the services to be 2 performed. 3 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 4 CITY OF VERNON AS FOLLOWS: ' 5 _ SECTION 1: The Cit. Council of the Cit of Vernon hereby 6 finds and determines that the recitals contained herein above are true 7 and correct. 8 SECTION 2: The City Council of the City of Vernon hereby 9 approves the Scope of Services to the Original Agreement with Black- 10 and Veatch Corporation, effective May 1, 2009, a copy of which is 11 attached hereto as Exhibit "A" and incorporated by reference. 12 SECTION 3; The City Council of the City of Vernon hereby 13 authorizes the Director of Light & Power to execute said Scope of 14 Services for, and on behalf of, the City of Vernon and the City Clerk, 15 or Deputy City Clerk, is hereby authorized to attest thereto. 16 SECTION 4: The City Council of the Vernon hereby directs 17 the City Clerk, or-her designee, to transmit one fully executed Scope 18 of Services to Black & Veatch Corporation. 19 SECTION 5: The City Council of the City of Vernon hereby 20 authorizes the City Administrator, or his designee, to take any action 21 deemed necessary to carry out or to perform such other acts and deeds 22 as may be convenient to effect the purposes of this Resolution and the 23 transactions herein authorized. 24 / / / 25 / / / 26 / / / 27 / / / 28 / / / 2 1 SECTION 6: The City Clerk of the City of .Vernon shall 2 certify to the passage of this resolution, and thereupon and 3 thereafter the same shall. be in full-force and effect. 4 APPROVED AND ADOPTED this 29th day of June, 2009. 5 6 Hilario Gonzales Name: 7 8 Title: Mayor / - 9 ATTEST: 10 ~ 11 MANUELA GIRO ity Clerk 12 13 14 15 16 • 17 18 19 20 21 22 23 24 25 • 26 27 28 - 3 - 1 STATE OF CALIFORNIA ) 2 ) ss COUNTY OF LOS ANGELES- ) 3 4 I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby 5 _ Resolution, ina Resolution No. 9994 was 6 duly adopted by the City Council of the City of Vernon at a regular 7 .meeting of the City Council duly held on Monday, June 29, 2009, and 8 thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of 9 Vernon. 10 1T 12 MANUELA GIRO City Clerk 13 (SEAL) 14 15 16 17 18 19 20 21 22 23 24 25 26 27 - 28 - 4 - .L~~ 1' SCOPE OF SERVICES CONSULTING SERVICES AGREEMENT - ee City of Vernon, California ("GlienY') And Black 8, Veatch Corporation ("Consultant') Pursuant to the temrs and oond'ifi'ons of the Consulting Services Agreement executed and made effective as of the 3rd day of December, 2008, between City of Vemon, California ("Client' or °City of Vemon°} and Black ~ Veatch Corporation ("Consultant" or "Black & Veat~'), Client hereby requests Consultant perform and. Consultant agrees. to perform the following Services: Effective Date: May 1, 2009 A. Requested Services: Blank & Veatch will provide the City of Vemon with the following services. . Task 3a; Dispatch Analysis of City of Vemon .Combined-Cycle Rawer Plant Black 8 Veatch will prepare a dispatch analysis of the combinod-cycle power plant currently under development by the City of Vemon. The dispabcit analysis will be completed using the zonal price forecast developed in Black Veaich's Spring, 2009 Energy Market Perspective. Based on the dispabctt analysis, Black & Veatch will develop detailed projections of generation, capacity factor, market reverwe (assuming merchant plant operations), fuel use, variable operating and maintenance costs, and errtisswns of the corr~ined-cycle plant. Black & Veatch's initial dispatch analysis will assume a 1x9 configuration for the plant, cansisterrt with operating characheristics recently provided by the City of Vemon. Black ~ Veatch wtll revise the initial analyses to include other plant wnfigurations, as appropriate and as directed by the City of Vemon. i Task 4b; Prepare Flnandal Pro Forma Projectlons for the CoMbined-Cycle plant Under Task 4, Black & Veatcti will prepare a set of financial pro forrna.projedions to provide detailed Est and revenue projections to be used in the project development and due clligence analysis forthecombined-cycle project. Black & Veatch will work in conjunction with the City of Vemon's engineering consultant in developing pro forma operating and capital cost projections for tire project. Black S~ Veatch will also work with other merrreets of the project team in developing pro forma finandal projections that include merchant plant energy sates, and that reflect likely dr negotiated power sales carrtract temts and revenue screams. Speclfic items included in-the pro forma financial statements will include: Monthly and annual salmi revenue for the project from energy market sales, capadty market sales, adjusted as appropriate for arty applicable PPA contract terms Monthty and annual projected operating and maint®nance coals for the project • Monthly end annual financing costs, depreciation, taxes, capital expenditures, etc. Black & Veatch wiq work with other members of the project team in coordinating and using engineering and finanaal cost estimates forthe project • Monthly and annual transmission costs • Monthly aatd annual emissions offset costs Administrative and general overhead cost estimates • Net income, Cash flow, and NPV and Internal Rate of Return measures offinanaal performance IIlaak & Veatch Coipamtioa - 1215 K Sheet,l7~ Floor, Saamcnentc, CA95814 TJ5A TeIapLone: 916.503.1697 Page 2 Estimated Cost of the Services: Under this scope of services, Black 8< Veatch wlfl provide cfispatch and pro forma analyses of the combined-cyda project under development by the City of Vemon. The estimated budget for the combined-cycle scope of work is set forth in Table 1: Table 1-Bud t for Evaluation of Coarbined a Pro' Estimated Task Task Description Budlget(~} 1 Develop Refined/Detailed Project Scope and Worlcplan -$1,;~0 2 Develop Detailed Project Economics at Different Project S¢es ~0 3 Develop De ed Energy MarketSimulation Projections $21,6'DD 4 Prepare Financi Pro Farms Projections ;618,850 i - 5 Other Project Support as Needed $0 i Total Project ;36,49b i Note: Adtdfioewl EjJ"orts vtrderTask S mill be scoped and budgetedp~vject execution Estimated Complefion Date: Septerr~er30, 2009 This Scope .of Services supplements the tasks set out in the origirr~! A,~eemertt and is entered into in accordar?ce with the terms and conditions ofthe e~dsting /agreement i IN WITNESS WHEREOF,1he parties Gave execx~ted this Res~est for Services on the date(s) indicated below. City of Vemon, Califamia BLACK ~ _ TCH CO ORATION ---._..r .Scott R. Smith By. ~Aaeit~i,_ L7' ~At,..t,...P?laHaW By: - (Printed) (Printed) Title: Title: Vice President Date: pme: .05/08/2009 ATTEST : Legal PM Approved `U ' Approved Reviewed Date 5/2/2009 MANUELA GIRON, City Clerk Date 05 ` f i ~~h` . y 1 CITY CLERK'S OFFICE INTEROFFICE MEMORANDUM DATE: June 29, 2009. TO: Donal O' Callaghan, Director of-Light & Power FROM: Nel1y Giron, City-Clerk RE: Resolution No. 9994 - A Resolution of the City Council of the City of Vernon, Approving and Authorizing the Execution of a Scope of Services Relating to the Consulting Services Agreement By and Between the City of Vernon and Black & Veatch Corporation Regarding the Combined-Cycle Project Transmitted herewith is a copy of Resolution No. 9994, referenced above, which was approved by City Council on June 29, 2009, along with one signed copy of the original scope of services agreement for your transmittal. Thank you. NG:.dj c: Resolution No. 9994 Agreement 09-090 SCOPE OF SERVICES CONSULTING SERVICES AGREEMENT Between City of Vernon, California ("Client') And Black & Veatch Corporation ("Consultant') Pursuant to the terms and Conditions of the Consulting Services Agreement executed and made effective as of the 3rd day of December, 200$, between City of Vernon, California ("Client' or "City of Vernon") and Black & Veatch Corporation ("Consultant" or "Black & Veatch"), Client hereby requests Consultant perform and Consultant agrees to perform the following Services: Effective Date: May 1, 2009 A. Requested Services: Black & Veatch will provide the City of Vernon with the following services. Task 3a; DlspatCh Analysis of City of Vernon Combined-Cycle Rower Plant Black & Veatch will prepare a dispatch analysis of the combined-cycle power plant currently under development by the City of Vernon. The dispatch analysis will be completgd using the zonal price forecast developed in Black Veatch's Spring, 2009 Energy Market Perspective. Based on the dispatch analysis, Black & Veatch will develop detailed projections of generation, capacity factor, market revenue (assuming merchant plant operations), fuel use, variable operating and maintenance costs, and emissions of the combined-cycle plant. Black & Veatch's initial dispatch analysis will assume a 1x1 configuration for the plant, consistent with operating characteristics recently - provided by the City of Vernon. Black & Veatch will revise the initial analyses to include other plant configurations, as appropriate and as directed by the City of Vernon. Task 4b: Prepare Financial pro Forma Projections for the Combined-Cycle plant Undet Task 4, Black & Veatch will prepare a set of financial pro forma projections to provide detailed cost and revenue projections to be used in the project development and due diligence analysis for the combined-cycle project. Black & Veatch will work in conjunction with the City of Vernon's engineering consultant in developing pro forma operaing and capital cost projections for the project. Black & Veatch will also work with other members of the project team in developing pro forma financial projections that include merchant plant energy sales, and that reflect likely br negotiated power sales contractterms and revenue streams. Specific items included in the pro forma financial statements will include: Monthly and annual sales revenue for the project-from energy market sales, capacity market sales, adjusted as appropriate for any applicable PPA contract terms • Monthly and annual projected operating and maintenance costs for the project • Monthly and annual financing costs, depreciation, taxes, capital expenditures, etc. Black & Veatch will work with other members of the project team in coordinating and using engineering and financial cost estimates for the project • Monthly and annual transmission costs • Monthly and annual emissions offset costs • Administrative and general overhead cost estimates • Net income, cash flow, and NPV and Internal Rate of Return measures of financial performance Black & Veatch Corporation • 1215 K Street, 17"' Floor, Sacramento, CA 95814 Y7SA Telephone: 916.503.1697 ' ~ t ~ , , ' Page 2 Estimated Cost of the Services: Under this scope of services, Black & Veatch will provide dispatch and pro forma analyses of the combined-cycle project under development by the City of Vernon. The estimated budget for the combined-cycle scope of work is -set forth in Table 1: Table 1- Sud et for Evaluation of Combined-C cle Pro'ect Estimated Task Task Description Budget 1 Develop Refined/Detailed Project Scope and Worlq~lan -$1,960 Z Develop Detailed Project Economics at Different Project Sizes $0 3 Develop Detailed Energy Market Simulation Projections $21,600 4 Prepare Financial Pro Forma Projections $18,850 - 5 Other Project Support as Needed $0 Total Project $38,490 Note: Additional Efforts under Task S will be scoped and budgeted during project execution Estimated Completion Date: September 30, 2009 This Scope of Services supplements the tasks set out in the original Agreement and is entered into in accordance with the terms and conditions of the existing Agreement IN WITNESS WHEREOF, the parties have executed this Request for Services on the date(s) indicated below. City of Vemon, California BLACK ~ ATCH CO PORAT1oN ~Y-"J" By: By: By: ~~trJ?~il.-- ~r I~ F~trd...R.f.~~eiY~~~l By: Scott R. Smith (Printed) (Printed) Title: Title: Vice President Date: pie: 05/08/2009 Legal PM ATTEST: Approved Approved Reviewed Date 5!2/2009 Date 05 J~$~/_ Kelly Giron City Clerk ~r ~ V V ~ ~ ~~I 1 ~ ~ s ~;~,a~a~ .1 U N 2009 V b°~ ti~ FF REPORT ~ CITY ERK` auN s -ZOOS GHT & POWER a~pROV~a ~u~r ~~TY eou~cll. CITY CL K FIST N DATE: June 11, 2009 o TO: Honorable Mayor and City Council~~- FROM: Donal O'Callaghan, Director of Light & Power - - - RE: Black & Veatch's Consulting Services Agreement with.the City of Vernon Resolution No. 9812 Attached is Black & Veatch's Consulting Services Agreement along with the Scope of Services outlining the task description for the Combined-Cycle 1X1 Project. The total cost of -the project is in the amount of not-to-exceed $38,490.00 for the following tasks: 1. .Develop Refined/Detailed Project Scope and Workplan 2. Develop Detailed Project Economics as Different .Project Sizes 3. Develop Detailed Energy Market Simulation Projections 4. Prepare Financial Pro Forma Projections 5. Other Project Support as Needed Recommendation: We are recommending City Council approve the attached Consulting Services .Agreement with Black & Veatch in the amount not-to-exceed $38,490.00. DO:jv Attachment c; Nelly Giron, ~originai~ Judy Lehr Document Control Resolution No. 9812 INTEROFFICE MEMORANDUM Light & Power Department DATE: June l 1, 2009 TO; Donal O'Callaghan ~ .Director of Light and Power FROM: Javier Valdez, Business & Accounts SUBJECT: .Black & Veatch Propose Consulting Service Agreement with the City of Vernon. Resolution No. 9812 Black & Veatch Corporation's is a leading global consulting, engineering, and construction company specializing in enterprise management solutions and infrastructure development in energy, water, information and government markets. Black & Veatch under the proposed Scope of Work will provide the City of Vernon with analytical support in its due diligence and project development efforts related to the Combined-Cycle 1X1 Project. Black & Veatch is open to adjust, refine and expand this proposed scope of work upon mutual agreement between the City of Vernon and Black & Veatch. In proving that analytical support, Black & Veatch will provide the following general taskareas in the amount not-to-exceed $38,490.OQ: 1. Develop Refined/Detailed Project Scope and Workplan 2. Develop Detailed Project Economics as Different Project Sizes 3. Develop Detailed Energy Market Simulation Projections 4. Prepare Financial Pro Forma Projections 5. Other Project Support as Needed Please let me know if I can provide you with any additional information. DOC: N Enclosures cc: Peter Hervish Project Control Document Control