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HomeMy WebLinkAboutF_SE-3BdResolution2009INSIDE PASSAGE ELECTRIC COOPERATIVE Resolution 2009-2 Inside Passage Electric Cooperative, Inc. July 17, 2009 ENTITLED: APPROVAL OF MEMORANDUM OF UNDERSTANDING BETWEEN IPEC, SEALASKA CORPORATION, AND THE ALASKA ENERGY AUTHORITY TO APPLY FOR ARRA GRANT FUNDS TO EXPLORE GEOTHERMAL ENERGY POTENTIAL AT THE HEAD OF TENAKEE INLET (SE-3) WHEREAS, IPEC's 2009 energy plan includes investigation of geothermal energy potential for the benefit of Hoonah; and WHEREAS, the American Recovery and Reinvestment Act (ARRA) includes grant funding for geothermal exploration and investigation; and WHEREAS, the Alaska Energy Authority has committed a staff person to writing a grant to access the ARRA funds for the purpose of exploring, investigating, and evaluating the geothermal energy potential at the site at the head of Tenakee Inlet, also known as SE-3; and WHEREAS, the grant allows for 100% funding to Alaska Native Corporation applicants with no match requirement; and WHEREAS, Sealaska Corporation agreed to be the grant applicant at its June 26, 2009 board meeting; and WHEREAS, IPEC legal counsel drafted a memorandum of understanding between the parties to clarify duties and responsibilities; and WHEREAS, IPEC management recommends acceptance of the proposed memorandum of understanding; now, therefore it is RESOLVED that the Board of Directors of Inside Passage Electric Cooperative accepts the terms of the memorandum of understanding between the parties and gives the Chief Executive Officer/General Manager permission to enter into the agreement. P.O. Box 210149 Auke Bay, Alaska 99821 (907) 789-3196 Fax (907) 790-8517 IPEC Resolution 2009-2 Page 2 of 2 PASSED, APPROVED AND ADOPTED by a vote of 5 Yeas, 0 Nays, and 0 Absent this 17th day of July, 2009. Mi el See, Bo-Ard Pres ent/Chair ATTEST: Wilbur Brown, Secretary/Treasurer