HomeMy WebLinkAboutStetson Creek Resolution 2013CHUGA
RESOLUTION 11 Y 01 1s
WHEREAS, Chugach Electric Association, Inc. (Chugach) has begun construction of a project
that includes a structure to divert water from Stetson Creek into the Cooper Lake reservoir and a
related structure to release water into Cooper Creek as part of the relicensing of the Cooper Lake
hydroelectric facility; and
WHEREAS, at the time the project was being relicensed the estimated cost to complete the
project was approximately $12 million; and
WHEREAS, the current estimate to complete this project is up to $24 million; and
WHEREAS, through June 2013 Chugach has spent approximately $4.6 million for the study,
design and construction of this project, and
WHEREAS, funding for this project included a $576,080 grant from the Alaska Energy
Authority (AEA) renewable energy fund and a state grant of $5,825,000; and
WHEREAS, Chugach is continuing to seek grant funds to pay for the incremental cost of this
project in excess of $12 million; and
WHEREAS, the project will provide additional hydroelectric energy and improve fish habitat;
and
WHEREAS, hydroelectric energy is renewable energy, and
WHEREAS, the AEA is soliciting Renewable Energy Fund Round 7 Grant Applications, and
WHEREAS, Chugach can submit an AEA Renewable Energy Fund Round 7 Grant Application
for up to $4 million for a renewable energy project; and
WHEREAS, an AEA grant application must include a governing body resolution supporting the
grant application and ensuring compliance with applicable laws.
NOW THEREFORE, BE IT RESOLVED, Chugach shall submit an AEA Renewable Energy
Fund Round 7 Grant Application for up to $4 million to apply toward the construction cost of the
Stetson Creek diversion project.
BE IT FURTHER RESOLVED, Bradley W. Evans, Chief Executive Officer, is authorized to
commit Chugach to any obligations under the grant, including the matching funds required to
complete the project.
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BE IT FURTHER RESOLVED, Ronald K. Vecera, Director of Renewable Energy Business
Development, is designated as the point of contact to represent Chugach for purposes of this
grant application.
BE IT FURTHER RESOLVED, Chugach is in compliance with applicable federal, state and
local laws including existing credit and federal tax obligations.
CERTIFICATION
1, James Henderson, do hereby certify that I am the Secretary of Chugach Electric Association, Inc., an electric non-profit cooperative
membership corporation organized and existing under the laws of the State of Alaska: that the foregoing is a complete and correct copy of a
resolution adopted at a meeting of the Board of Directors of this corporation, duly and properly called and held on the 31 a day of July 2013;
that a quorum was present at the meeting; that the resolution is set forth in the minutes of the meeting and has not been rescinded or modified.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of this corporation the 3 1 " day of July 2013.
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