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HomeMy WebLinkAboutORDINANCE 17-25ORDINANCE NO. 17-25 AN ORDINANCE APPROVING AN AMENDED AND RESTATED ORGANIC CONTRACT ESTABLISHING PLATTE RIVER POWER AUTHORITY AS A SEPARATE GOVERNMENTAL ENTITY AND AMENDED CONTRACT FOR THE SUPPLY OF ELECTRIC POWER AND ENERGY WHEREAS, the Board of Trustees has received, an Amended and Restated Organic Contract Establishing Platte River Power Authority as a Separate Governmental Entity and an Amended Contract for the Supply of Electric Power and Energy; and WHEREAS, the Amended and Restated Organic Contract Establishing Platte River Power Authority as a Separate Governmental Entity is an agreement among the Town of Estes Park and the Cities of Fort Collins, Longmont and Loveland, all in the State of Colorado (Municipalities); and WHEREAS, the Amended Contract for the Supply of Electric Power and Energy is an agreement between the Town and the Platte River Power Authority ('Authority"); and WHEREAS, these Amended Contracts are for the proper, efficient, and continuing conduct of the Authority to perform its duties; and WHEREAS, the Town, through its Power and Communications Enterprise, owns, operates and maintains electric power works and distribution systems to provide electric service to its service area; and WHEREAS, the Amended Contracts will allow the Town to continue to operate its Power and Communications Enterprise. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK, COLORADO AS FOLLOWS: Section 1: The Town shall contract with the other Municipalities as set forth in the Amended and Restated Organic Contract Establishing Platte River Power Authority as a Separate Governmental Entity in substantially the form now before the Board. Section 2: The Town shall contract with the Authority as set forth in the Amended Contract for the Supply of Electric Power and Energy in substantially the form now before the Board. Section 3: The Board authorizes the Mayor to sign the Amended Contracts. Section 4. This Ordinance shall take effect and be enforced thirty (30) days after its adoption and publication. PASSED AND ADOPTED by the Board of Trustees of the Town of Estes Park, Colorado this 23rd day of September, 2025. TOWN OF ESTES PAl^K, COLORADO Mayor ATTEST: ^^-^^^ Tc?Wn\Clerk I hereby certify th at the above Ordinance was introduced at a regular meeting of the Board of Trustees on the 23rd day of September, 2025 and published by title in a newspaper of general circulation in the Town of Estes Park, Colorado, on the 26th day of _Sej3tember, 2025, all as required by the Statutes of the State of Colorado. 00 . —. Clerk APPROVED AS TO FORM: Town Attorney