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<br />M Martinsville <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />Summary: <br /> <br />City Council <br />Agenda Swnmary <br /> <br />November 14,2006 <br />1. <br /> <br />City Manager <br /> <br />Consider adoption ofa Resolution authorizing the City <br />Manager to execute an agreement with AMP-Ohio <br />concerning the hydro developmental cost sharing <br />agreement, and the repeal of the hydro matrix resolution <br />dated May 9, 2006. <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. This is similar to the resolution passed on May 9, 2006 for the Hydro <br />Matrix technology project. That project has been canceled. <br /> <br />The agreement covers preconstruction developmental funding to analyze the <br />technical, permitting and economic aspects of the projects and determine if the <br />participating municipalities should proceed to construct, own and operate one or <br />more such facilities. . <br /> <br />The agreement allows the City to reserve up to a nominal 4,300 kilowatts of power. <br />The maximum developmental subscription cost is $32.84 per kW over the term of <br />this agreement. Therefore, the City's pro rata share of the developmental costs of <br />the Hydro Projects is estimated not to exceed $141,212. Any cost in excess may <br />not be billed unless authorized by City Council. The May 9, 2006 resolution had a <br />not to exceed amount of $143,300. To date expenditures for the canceled Hydro <br />Matrix project total $0.00. <br /> <br />City Attomey Eric Monday has reviewed these documents. <br /> <br />Attachments: <br /> <br />Agreement <br />Resolution <br /> <br />Recommendations: Motion to adopt Resolution and authorize City Manager to <br />execute agreement <br />