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Home My WebLink AboutMinutes- May 21, 2003 - UB 11 Q ' .: �- riri AZUSI CITY OF AZUSA MINUTES OF THE REGULAR MEETING OF THE AZUSA UTILITY BOARD/CITY COUNCIL MONDAY, MAY 21, 2003 - 6:30 P.M. The Utility Board Members of the City of Azusa met in regular session, at the above date and time in the Azusa Light and Water Department Conference Room, located at 729 N. Azusa Avenue, Azusa, California. Chairperson Chagnon called the meeting to order. Call to Order OLL CALL Roll Call loam PRESENT: COUNCILMEMBERS: HARDISON,STANFORD,ROCHA,CHAGNON, MADRID ABSENT: COUNCILMEMBERS: NONE ALSO PRESENT: Also Present City Attorney Ferre, City Manager Cole, Director of Utilities Hsu, Assistant to the Director of Utilities Kalscheuer, Administrative Technician Yang, Assistant Director of Water Operations Anderson, Assistant Director of Resource Management Tang,Senior Electric Engineer Langit,City Clerk Mendoza. Public Participation Pub Part None. None The CONSENT CALENDAR consisting of Items 11-A through II-D, were approved by motion of Con Cal Councilmember Stanford, seconded by Mayor Pro-Tem Rocha, and unanimously carried. Approved A. The minutes of the regular meeting of April 28, 2003, were approved as written. Min appvd B. Formal bidding procedures were waived and the selection of the underwriter for the Bond Fin upcoming Bond Financing was awarded to UBS Paine Webber or its successor. UBS Paine Webber t—c.. The Electric and Water Utility Service Construction Standards and Specifications were Constr. adopted to be used in constructing customer utility services. Stndrds & Specs D. Approval was given to award bid to Engineered Plumbing in the amount of $86,614 for Engineered construction of water main, Project W-185, Big Dalton Wash Crossing. Plumbing SPECIAL CALL ITEMS Special Call None. None .....cheduled Items Sched Items Contract with PPM Energy, Inc. and Renewable Portfolio Standard. Contract w/ Assistant Director of Resource Management Tang presented the background of the Renewable PPM Energy Portfolio Standard. Senate Bill 1078 became law January 1, 2003, and requires local publicly owned utilities to establish and implement a renewable portfolio standard that recognizes the intent of the Legislature to encourage renewable resources, while taking into consideration the effect on rates, reliability, financial resources, and the goal of environmental improvement. He detailed the description of the resource selection process and provided a summary of the proposed agreement. He then answered questions posed by Councilmembers. Moved by Councilmember Hardison seconded by Councilmember Stanford and unanimously to Contract authorize Mayor to execute the agreement with PPOM Energy, Inc. once the final agreement is approved prepared for purchase of three (3) megawatts of wind powered electrical energy and adopt the Renewable Portfolio Standard for SB 1078 requirements. Pro-Forma Netting Agreement with PacifiCorp Pro-Forma Moved by Councilmember Stanford seconded by Mayor Pro-Tern Rocha and unanimously carried Netting to approve the pro-forma netting agreement between the City and PacifiCorp and authorize the Agmt w/ Mayor to execute the agreement upon the preparation of the execution copy. PacifiCorp taff Reports/Communications Staff Rpts virector of Utilities Hsu and Assistant Director of Resource Management Tang addressed the Update on Power Resources Division Monthly Report highlighting the FERC Settlement of City's Transmission FERC Stlmt Revenue Requirement (TRR), providing an update on a settlement discussion held earlier in the Agmt day in which a settlement was reached of $1.89 million and a settlement agreement will be drafted. Report on Water Issues Pwr Res Rpt Director of Utilities Hsu provided an update on a meeting held in City of Sierra Madre regarding Four Cities the Four Cities Water District, and after discussion he noted that a meeting/workshop will be District scheduled to talk about the benefits the district could give to each member city and reserve levels. He suggested that a couple of the Councilmembers attend the meeting and agreed that he will place the item on a future agenda to provide an update. Bond Financing Status Report Bond Fin Update Director of Utilities Hsu provided an update on Bond Financing stating that the Bond Financing Util Dir Team completed selection of the Underwriter, Financial Adviser and Bond Counsel. He stating that the team has an aggressive agenda and will issue three series of bonds, one for water and two for electric. Electric will have a taxable bond series and a tax exempt series. He stated that the issue is complicated and detailed. The presentation,with all the documentation preparation +ill be completed during the month of June. 5/21/03 PAGE TWO Director's Comments Dir Corn The following is an information item: 4th of July Parade: Friday, July 4, 2003, at 10 a.m. at the 4th of July Azusa Senior Center. Application forms are available at City Clerk and Chamber of Commerce offices. short discussion was held regarding Special Events that will be discussed and acted upon at a Spec Evnts mature Council meeting. CLOSED SESSION It was consensus of Council to recess to Closed Session to discuss the following: Closed Sess CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION SCE v. Existing Litigation Government Code Section 54956.9(a) CITYCLERK Southern California Edison Co. v. City o Azusa, et al. Case Number BC 281408 Recess The City Council recessed at 7:20 p.m. Reconvene The City Council reconvened at 7:25 p.m. No Rpts There was no reportable action taken in Closed Session. Adjourn It was consensus of Councilmembers to adjourn to Workshop. IME OF ADJOURNMENT: 7:26 P.M. SECRETARY NEXT RESOLUTION NO. 03-C41. 05/21/03 PAGE THREE