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HomeMy WebLinkAboutResolution No. 95-C340 0 RESOLUTION N0. 9 5 C" 4 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA AUTHORIZING THE EXECUTION OF THE INTERCHANGE AGREEMENT BETWEEN DEPARTMENT OF WATER RESOURCES OF THE STATE OF CALIFORNIA AND THE CITY OF AZUSA WHEREAS, the Department of Water Resources of the State of California (DWR), a State Water Resources Development Agency, is engaged in the generation, transmission, sale and purchase of electric power and energy; and WHEREAS, the City of Azusa may from time to time purchase short-term economy energy, and firm power from DWR; and WHEREAS, the City of Azusa and DWR desire to enter into an interchange agreement to facilitate the interchange of power and energy between the parties and to establish the terms and conditions for such exchanges. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF AZUSA DOES HEREBY RESOLVE that the Mayor of the City of Azusa is authorized to execute said Interchange Agreement between the parties; and the Director of Utilities or his designated subordinate, is hereby authorized to enter into future transactions that arise under the Agreement. PASSED, APPROVED, AND ADOPTED this 1995. 20 day of March I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Azusa, at a regular meeting thereof held on the 20 day of March 1995. AYES: COUNCILMEMBERS: HARDISON, MADRID, NARANJO, BEEBE, ALEXANDER NOES: COUNCILMEMBERS: NONE NONE ABSENT: COUNCILMEMBERS: