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HomeMy WebLinkAboutIntertie Resoultions 1993NOV @S ’93 11:44AM BIRCH, HORION, Bil INR, CHERUI \ ~ sear oe DRAFT ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY RESOLUTION NO, A RESOLUTION OF THE ALASKA INDUSTRIAL DEVELOPMENT AND EXPORT AUTHORITY RELATING TO THE ADMINISTRATION OF INTERTIE GRANTS WHEREAS, in Chapter 19, SLA 1993, the Alaska Legislature appropriated approximately $90 million in grants to finance the development of power transmission interties between Healy and Fairbanks and between Anchorage and the Kenai Peninsula; WHEREAS, Chapter 19 further established certain conditions which had to be satisfied before such grant appropriations were effective; WHEREAS, one such pre-condition required that the Alaska Industrial Development and Export Authority ("Authority") and the Alaska Department of Administration ("Department") approve an agreement executed by and among the utilities participating in the Intertie projects; WHEREAS, the utilities participating in the respective intertie projects (the "Participating Utilities") have negotiated an Intertie Grant Agreement, attached hereto as Exhibit A; WHEREAS, the Authority and the Department executed the Intertie Grant Agreement; P.lve VM Post-It™ brand fax transmittal memo 7671 | # of pages > iG Lar NOV @5 793 11 44HM BIRCH HURIUN, BLT INC, UntKUL rears WHEREAS, execution of the Intertie Grant Agreement by all of the Participating Utilities is anticipated on or before November 15, 1993; WHEREAS, the Authority, the Department, and the Participating Utilities also intend to execute a Delegation and Transfer Agreement, attached hereto as Exhibit B, on or before November 15, 1993; WHEREAS, the Delegation and Transfer Agreement provides, inter alia, for the delegation of the Department’s grant administration responsibilities to the Authority; WHEREAS, the Delegation and Transfer Agreement further provides that the Authority shall act as the custodian of the grants, and establishes terms and conditions with respect to administration and disbursement of the grants; WHEREAS, the Delegation and Transfer Agreement provides, among other conditions, that grant funds may not be disbursed until the Authority and the Participating Utilities execute a Grant Administration Agreement; NOW, THEREFORE, BE IT RESOLVED: ke Execution of the Intertie Grant Agreement and the Delegation and Transfer Agreement by the Executive Director is hereby confirmed and ratified. 2. The Executive Director, or his designee, is hereby authorized to take such actions which, in the Executive Director’s reasonable discretion, are necessary to undertake those rights and responsibilities required to implement the Delegation and Transfer RESOLUTION NO. PAGE 2 TIVO) IS Sern) Watts © RANT Araba s Wass Sal woken Agreement, including (but not limited to) execution of a Grant Administration Agreement. DATED at Anchorage, Alaska this day of 1993. Chairman (S EAL) ATTEST Secretary F: \AIDEA\ ENERGY \KAE0998 RESOLUTION NO. ___ PAGE 3