HomeMy WebLinkAbout3 - ResolutionCOPPER VALLEY ELECTRIC ASSOCIATION, INC.
RESOLUTION 10-04
RESOLUTION APPROVING THE RENEWABLE ENERGY GRANT APPLICATION
FOR THE PROPOSED SILVER LAKE PROJECT
WHEREAS, Copper Valley Electric Association is a rural electric cooperative
organized under Alaska Statute 10.25; and
WHEREAS, CVEA provides central station electric service to the Copper River
Basin and Valdez regions of Alaska; and
WHEREAS, CVEA has a strong desire to reduce its dependence on fossil fuel for
the production of electricity; and
WHEREAS, CVEA maintains an interest in developing renewable energy to
better serve its membership; and
WHEREAS, the CVEA Board of Directors authorized the prefeasibility study on
July 16, 2009, to study the hydropower potential of the Silver Lake Hydroelectric Project; and
WHEREAS, CVEA filed a preliminary permit application with the Federal
Energy Regulatory Commission on April 16, 2010; and
WHEREAS, CVEA is in compliance with all federal, state, and local laws
including existing credit and federal tax obligations; now therefore,
BE IT RESOLVED, the CVEA Board of Directors approves the authorization to
file a grant application for the Silver Lake Hydroelectric Project;
BE IT FURTHER RESOLVED, the CVEA Board of Directors approves the
application for project funding in the amount of $850,000.00; including a CVEA match of 25%;
BE IT FURTHER RESOLVED, the CVEA Board of Directors authorizes
Robert A. Wilkinson, Chief Executive Officer, as the point of contact to represent the applicant
for purposes of this application.
Approved and signed this 10"' day of September 2010, in Glennallen, Alaska.
r.
Secretary (attest)
(seal)
Travis Million, President