City Council

8. Approve the Renewable Power Purchase and Sale Agreement with Energy Development &\nConstruction Corporation, dba EDCC, by which EDCC will own, operate, and maintain a wind\nfarm generating facility (Project) and sell to the City all Project-generated energy and\nrenewable attributes including a right of first refusal to all of the Project’s future potential\nproducts, at an approximate annual cost of $1,800,000 during the initial term, which may be\nincreased once at any time by up to 17% if EDCC elects to repower the Project to expand its\ngenerating capacity, for an initial term of ten years with up to two ten-year optional extensions;\nauthorize the Public Utilities General Manager, or designees, to execute the Agreement and\nany associated documents; execute any amendments or restatements to the Agreement,\nincluding the optional term extensions, that are cost-neutral/reducing or would involve only\nminor administrative cost increases; execute any documents needed to carry out the\ntransaction as contemplated by the Agreement, such as collateral assignment agreements,\npower scheduling agreements, and scheduling coordinator agreements; and to take the\nnecessary actions to implement and administer the Agreement.