This resolution approves an amendment to the Loan and Disbursement Agreements entered into as of December 28,2000 (Nos. R-l and R-2) and December 21,1999, between the City of Pella and the Iowa Finance Authority and authorizes the reissuance of the Sewer Revenue Capital Loan Notes to reflect the interest rate reduction to 1.75% per annum on the outstanding principal amounts starting June 1, 2013.
In other business
-Council approved a resolution Ordering Specifications, Form of Contract, Notice to Bidders, Setting Date for Public Hearing, Authorizing the Taking of Bids and Authorizing Bid Opening in Connection with the West Generating Plant Control System Upgrade Project.
This resolution sets the date for the public hearing on August 20, 2013 for the project and authorizes the taking of bids.
The West Diesel Plant was constructed in 2002 and is comprised of fourteen 2 MW generator sets and associated switchgear. Each generator has a programmable logic controller (PLC) to automate operations, which are beginning to fail and are now obsolete. The Control System Upgrade Project will modernize the existing control system by replacing the system, which is to include fully automated plant-wide synchronization and load sharing capabilities. In addition, the upgrade involves reconfiguring how the units operate. When constructed in 2002, the plant was configured to provide black start capability to the coal plant if it were to go off-line. This configuration is no longer applicable and presents several operating restrictions that need be corrected. Additionally, the upgrades will allow the City to meet the requirements of the Dedicated Capacity Agreement with Missouri River Energy Services for connection, to their Wide Area Network for dispatching and scheduling of member owned generating units.
The Engineer's estimate for this project is $500,000
-Council approved a resolution Ordering the Preparation of Plans and Specifications, Form of Contract, Notice of Hearing and Letting, Setting Date for Public Hearing, Authorizing the Taking of Bids and Authorizing Bid Opening for the Street Overlay and Repair Project 2013. This resolution sets the date for the public hearing on August 6, 2013 and authorizes the taking of bids.