City Council

3.\n\nAdoption of a Resolution Approving a Clean Energy Purchase Contract for Prepaid Renewable\nEnergy – Burbank Water and Power Department\nRecommendation:\nAdopt A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK (I) APPROVING AND\nAUTHORIZING THE EXECUTION AND DELIVERY OF (A) A CLEAN ENERGY PURCHASE\nCONTRACT FOR PREPAID RENEWABLE ENERGY AND (B) SUPPORTING AGREEMENTS,\nCONSISTING OF FIVE LIMITED ASSIGNMENTS OF EXISTING RENEWABLE POWER\nPURCHASE AGREEMENTS, A CUSTODIAL AGREEMENT, AND A LETTER AGREEMENT; AND (II)\nAUTHORIZING THE CITY OF BURBANK’S PARTICIPATION IN THE TRANSACTIONS\nCONTEMPLATED BY THE FOREGOING AGREEMENTS.\nAttachments:\nSR - Clean Energy Purchase Contract\nAtt1 - Resolution\nAtt2 - Agreement (Copper Mountain)\nAtt3 - Agreement (Desert Harvest)\nAtt4 - Agreement (Don Campbell)\nAtt5 - Agreement (Tule Hydro-Burbank-SCPPA)\nAtt6 - Agreement (Tule Hydro-SCPPA-J. Aron)\nAtt7 - Clean Energy Purchase Contract\nAtt8 - Custodial Agreement\nAtt9 - Letter Agreement\nAtt10 - Project Agreement\nAtt11 - Flowchart of Prepay Structure