HomeMy WebLinkAboutSigned Resolution - Stetson Creek AEA Round 6CHUaAwAw"
07 01 12
RESOLUTION
WHEREAS, Chugach Electric Association, Inc. (Chugach) has been evaluating the construction
of a project 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;
WHEREAS, at the time the project was being relicensed the estimated cost to complete the
project was approximately $12 million;
WHEREAS, the current estimate to complete this project is up to $24 million;
WHEREAS, through May 2012 Chugach has spent approximately $2.97 million to study and
design this project;
WHEREAS, funding for this project included $571,000 of grant funds received from. the Alaska
Energy Authority (AEA);
WHEREAS, in the most recent legislative session Chugach received a $5,925,000 grant for this
project;
WHEREAS, Chugach is continuing to seek grant funds to pay for the incremental cost of this
project in excess of $12 million;
WHEREAS, engineering design of this project is now complete and the proposed design has
been submitted to the Federal Energy Regulatory Commission (FERC);
WHEREAS, Chugach is committed to finishing this project and will bid it for construction once
FERC approval is received;
WHEREAS, the project will provide additional hydroelectric energy and improve fish habitat;
WHEREAS, hydroelectric energy is renewable energy;
WHEREAS, the AEA is soliciting Renewable Energy Fund. Round b Grant Applications;
WHEREAS, Chugach can submit an AEA Renewable Energy Fund Round b Grant Application
for up to $4 million for construction of 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.
CHUaAZ::
0`a' 01 12
NOW THEREFORE, BE IT RESOLVED, Chugach shall submit an AEA Renewable Energy
Fund Round 6 Grant Application for up to $4 million to apply towards 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.
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.
1, James Henderson, do hereby certify that 1 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 lice foregoing is a complete and correct copy of a
resolution adopted at a meeting of the Hoard of Directors of this corporation, duly and properly called and held on the 25°i day of Jam, 2012;
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 tit seal of this corporation the 250' day of July, 2012.
S Lary /