HomeMy WebLinkAboutCEC REF IX Board Resolution 15-03 CLPWP 9-23-15* ` CORDOVA
AWMAP ELECTRIC
f COOPERATIVE, INC.
P.O. Box 20 * 705 Second Street * Cordova, Alaska 99574-0020 * (907) 424-5555 * (907) 424-5527
RESOLUTION 15-03
A RESOLUTION TO APPLY FOR A RENEWABLE ENERGY ASSISTANCE GRANT THROUGH THE ALASKA
ENERGY AUTHORITY FOR THE CRATER LAKE POWER AND WATER PROJECT
WHEREAS, the community of Cordova through Cordova Electric Cooperative Inc. has relied on the production
of local, renewable, hydroelectric power generation to directly offset the use of diesel fuel; and
WHEREAS, the City of Cordova is willing to partner with Cordova Electric Cooperative Inc. for a water supply
for Cordova; and
WHEREAS, the Crater Lake Power and Water Project can offset diesel fuel use year round; and
WHEREAS, Cordova Electric Cooperative Inc. Board of Directors has fully discussed the issues and need for
grant funding; and
WHEREAS, Cordova Electric Cooperative Inc. has completed a Reconnaissance Study recommending a
feasibility study; and
WHEREAS, Cordova Electric Cooperative, Inc and the City of Cordova has an independent firm conducting a
feasibility study with an investment of approximately $180,000; and
WHEREAS, Cordova Electric Cooperative Inc. possesses legal authority to apply for a grant and to finance and
construct the proposed facilities;
WHEREAS, Total project costs for design is estimated to be $1,647,680 and the Board of Directors of Cordova
Electric Cooperative authorizes a request for $1,227,000 from the Alaska Energy Authority Renewable Energy Grant
with $210,340 of matching funds from Cordova Electric Cooperative and $210,340 of matching funds from other project
stakeholders or Cordova Electric Cooperative as necessary; and
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors certifies that Cordova Electric Cooperative is in
compliance with all state and federal laws, including existing credit and federal tax obligations and authorizes the filing
of the application including all understandings and assurances contained therein.
BE IT FURTHER RESOLVED that the Board of Directors directs and appoints Clay R. Koplin as the Primary Agent,
Clay R. Koplin as the Secondary Agent, Valerie J. Covel as the Chief Financial Officer and Scott Pegau as the
Certifying Official of Cordova Electric Cooperative Inc. to act in connection with the application and to commit the
organization to the obligations under the grant, providing such additional information as may be required.
Passed and approved this day of September, 2015
" ScottPeegau, Chairman
(I I - IN
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Cully WoodA, Secretary/Treasurer