City Council

3. Adoption of a Resolution Approving a Clean Energy Purchase Contract for Prepaid Renewable Energy - Burbank Water and Power Department Recommendation: Adopt A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK (I) APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF (A) A CLEAN ENERGY PURCHASE CONTRACT FOR PREPAID RENEWABLE ENERGY AND (B) SUPPORTING AGREEMENTS, CONSISTING OF FIVE LIMITED ASSIGNMENTS OF EXISTING RENEWABLE POWER PURCHASE AGREEMENTS, A CUSTODIAL AGREEMENT, AND A LETTER AGREEMENT; AND (II) AUTHORIZING THE CITY OF BURBANK’S PARTICIPATION IN THE TRANSACTIONS CONTEMPLATED BY THE FOREGOING AGREEMENTS. SR - Clean Energy Purchase Contract Att1 - Resolution Att2 - Agreement (Copper Mountain) Att3 - Agreement (Desert Harvest) Att4 - Agreement (Don Campbell) Att5 - Agreement (Tule Hydro-Burbank-SCPPA) Att6 - Agreement (Tule Hydro-SCPPA-J. Aron) Att7 - Clean Energy Purchase Contract Att8 - Custodial Agreement Att9 - Letter Agreement Att10 - Project Agreement Att11 - Flowchart of Prepay Structure