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<br />M ~~r~i1'l:~v,~~le, <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />Summary: <br /> <br />City Council <br />Agenda Summary <br /> <br />May 9, 2006 <br /> <br />2. <br /> <br />Electric <br /> <br />Consider adoption of a Resolution authorizing the City <br />Manager to execute an agreement with AMP-Ohio <br />concerning the development of new hydroelectric power <br />plants located on the Ohio River utilizing the "Hydro Matrix" <br />technology. <br /> <br />The resolution authorizes the City Manager to enter into an agreement with AMP- <br />Ohio concerning the development of new hydroelectric power plants located on the <br />Ohio River utilizing the "Hydro Matrix" technology. The agreement covers <br />preconstruction development funding to analyze the technical, permitting and <br />economic aspects of the projects and determine if the participating municipalities <br />should proceed to construct, own and operate one or more such facilities. <br /> <br />The agreement allows the City to reserve up to a nominal 4,300 kilowatts of power. <br />The City's share of the cost of preconstruction costs could range from $37,100 to <br />$143,300 depending on the amount of generation developed and the number of <br />municipalities who eventually decide to participate. <br /> <br />Attachments: <br /> <br />Recommendations: <br /> <br />Resolution <br />Agreement <br /> <br />Motion to adopt Resolution <br />