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ORDINANCE 08-80
CORDINANCENO.8-80ANORDINANCECONCERNINGPLATTERIVERPOWERAUTHORITYANDTHETOWN’SELECTRICFACILITIES;AUTHORIZINGTHEEXECUTIONANDDELIVERYOFANAMENDEDANDRESTATEDORGANICCONTRACTESTA3-LISHINGPLATTERIVERPOWERAUTHORITYASASEPARATEGOVERNMENTALENTITYANDAN.AMENDEDCONTRACTFORTHESUPPLYOFELECTRICPOWERANDENERGY;RATIFYINGPRIORACTION;ANDDECLARINGANEMERGENCY.WHEREAS,theBoardofTrusteeshasreceived,andtherearealsonowonfileintheofficeoftheTownClerk,copiesofaproposedAmendedandRestatedOrganicContractEstablishingPlatteRiverPowerAuthorityasaSeparateGovernmentalEntityandofaproposedAmendedContractfortheSupplyofElectricPowerandEnergyforconsideration,executionanddelivery;andWHEREAS,theAmendedandRestatedOrganicContractEstablishingPlatteRiverPowerAuthorityasaSeparateGovernmentalEntityisaproposedagreementamongtheTownofEstesParkandtheCitiesofFortCollins,LongmontandLoveland,allintheStateofColorado(“Municipalities”);andWHEREAS,theAmendedContractfortheSupplyofElectricPowerandEnergyisanagreementbetweentheTownandthePlatteRiverPowerAuthority(“Authority”),aseparategovernmentalentityandpoliticalsubdivisionoftheStateofColorado,andbeingthesuccessortothenowdissolvedColoradonon—profitcorporationofthesamename;andWHEREAS,suchproposedamendedcontracts,inadditiontootherchanges,respectivelyextendthetermofyearsthereof;andWHEREAS,theamendmentstothecontractsaredeemedtobeadvisablefortheproperandefficientconductoftheAuthorityinperformingitsdutiesandincontinuingtosecurefinancingforitselectricgeneratingplants,transmissionlinesandrelatedfacilitiesonadvantageousterms.—1— 00NOW,THEREFORE,BEITORDAINEDBYTHEBOARDOFTRUSTEESOFTHETOWNOFESTESPARK:Section1.ThattheTowncontractwiththeotherMunicipalitiesassetforthintheAmendedandRestatedOrganicContractEstablishingPlatteRiverPowerAuthorityasaSeparateGovernmentalEntity.-Section2.ThattheTowncontractwiththeAuthorityassetforthintheAmendedContractfortheSupplyofElectricPowerandEnergy.Section3.ThattheofficersoftheTownasdesignatedineachsuchcontractbedirectedtoexecuteanddelivereachsuchcontract.Section4.ThatallactionheretoforetakenbytheTownanditsofficersinauthorizing,executinganddeliveringtheoriginalOrganicContractEstablishingPlatteRiverPowerAuthorityasaSeparateGovernmentalEntity,asheretoforeamended,andtheoriginalContractfortheSupplyofElectricPowerandEnergy,betweentheTownandtheAuthority,andallactiontakenpursuantthereto,beandthesameherebyisratified,approvedandconfirmed.Section5.Thatifanysection,paragraph,clauseorprovisionofthisOrdinanceshallbeheldtobeinvalidorunenforceable,theinvalidityorunenforceabilityofsuchsection,paragraph,clauseorprovisionshallnotaffectanyotherprovisionofthisOrdinance.Section6.Allordinances,resolutions,bylawsandregulationsoftheTowninconflictwiththisOrdinanceareherebyrepealedtotheextentonlyofsuchinconsistency.Thisrepealershallnotbeconstruedtoreviveanyordinance,resolution,bylaworregulation,orpartthereof,heretoforerepealed.Section7.ByreasonofthefactthattheTownanditsinhabitantsmusthaveacontinuingsourceofelectricpowerandenergyandactionmustbetakenbytheAuthorityatthe—2— 0CearliestpossibledatetowardthefinancingbytheAuthorityofexistingandproposedprojects,anemergencyisdeclaredtoexist,thisOrdinanceisdeclaredtobenecessaryfortheimmediatepreservationofthepublicpeace,healthandsafety,andthisOrdinanceshallbeinfullforceandeffectuponfinalpassage,adoptionandsignatureoftheMayor.FINALLYPASSED,ADOPTED,SIGNEDANDAPPROVEDthis11thdayofMarch,1980.(SEAL)Attest:/-TownClerk—3—