HomeMy WebLinkAboutRESOLUTION 48-24RESOLUTION 48-24
ARESOLUTION APPROVING THE FIRST AMENDMENT T0THE
INTERGOVERNMENTAL AGREEMENT FOR FIBER MANAGEMENT
WHEREAS, Platte River Power Authority (PRPA) and the PRPA owner
municipalities entered into on Intergovernmental Agreement for Fiber Management in
WHEREAS, the owner municipalities and Platte River pondered an equitable
conveyance ofPRPA's ownership of the excess fiber long -haul to the owner
municipalities; and
WHEREAS, the Fiber |GA defines a process for collecting and holding lease
revenue from the kaoae of excess long -haul fiber in a Long -Haul Fiber Account, which
PRPA would equitably distribute with a future equitable conveyance of excess long -haul
fiber; and
VVHEREAS, noequitable ownership 6istributionofdheexoeuukong-hau|fiberhun
been developed; and
VVHERE8S, the current method of recording the revenues and expenses lacks
proper accounting transparency and clarity; and
WHEREAS, nomunicipal need exists requiring ownership conveyance from PRPA
tothe municipalities; and
VVHEREA8. PRPA continues to own, operate, maintain, and perform capital
replacement ofthe long -haul fiber; and
VVHEREAS, it is righteous for revenues generated from PRPA assets to be
recorded as PRPA revenues; and
VVHEREAS, the revision to the Fiber |GA allows for revenues generated from
PRPA long -haul fiber assets to be recorded as PRPA revenues.
NOW, THEREFORE, BE|TRESOLVED BYTHE BOARD OFTRUSTEES OF
THE TOWN OF ESTES PARK, COLORADO:
The Board approves and authorizes the Mayor to sign the agreement referenced in
the title of this resolution in substantially the form now before the Board.
DATED this 28TH day of MAY, 2024.
TOWN OF ESTES PARK
APPROVED AS TO FORM:
Town Attorney