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HomeMy WebLinkAbout2017-03-06-Resolutions 17-126_Alice's Rd-Olson Dr Signal Controller Overhead Electric AgrTHE CITY OF WAUKEE,IOWA RESOLUTION 17-126 APPROVING MIDAMERICAN ENERGY COMPANY REFUNDABLE ADVANCE FOR CONSTRUCTION,OVERHEAD ELECTRIC SERVICE EXTENSION PROPOSAL FOR SPECULATIVE USE [ALICE'S ROAD AND OLSON DRIVE SIGNAL CONTROLLER OVERHEAD ELECTRIC] IN THE NAME AND BY THE A UTHORITY OF THE CITY OF IYA UKEE,IO IYA WHEREAS,the City of Waukee,Dallas County,State of iowa,is a duly organized Municipal Organization;AND, WHEREAS,as part of the Alice's Road Corridor Project,University Avenue to NE Horizon Drive,MidAmerican Energy Company proposes to extend single-phase electric lines overhead to 652 SE Alice's Road for the Alice's Road/Olson Drive Signal Controller;AND, WHEREAS,City staff recommend approval of the agreement; NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 6'"day of March,2017,that the MidAmerican Energy Company Refundable Advance for Construction,Overhead Electric Service Extension Proposal for Speculative Use [Alice's Road and Olson Drive Signal Controller Overhead Electric],attached hereto as Exhibit A and made part of this resolution,is hereby approved. d iam .Peard,Mayor Attest: Rebecca D.Schuett,City Clerk ROLL CALL VOTE Anna Bergman R.Charles Bottenberg Brian Harrison Shelly Hughes Larry R.Lyon AYE X X X X NAY ABSENT ABSTAIN X iVI IDAIVILRICAN EN F RCi Y COiVII'ANY REFUIUDABLE ADVANCE I'OR CONSTRUCTION OVERIIFAD ELECTRIC.'SERVICE EXTENSION PROPOSAL FOR SPECULATIVE USE MidAmerican Energy Company,an loiva coiporation and thc City of Waukcc ("Applicant"),agree as lollows: MidAlile!'Ican Foci'g'&'C olrlpany will extend ils single-phase electric lines overhead to 652 SE Alice&s Rd.(Alice's anil Olsen Dr.Signal Controller). MidAmerican Energy Company will furnish the neccssai'y labor and materials required to fulfill its undertaking,as specihed above.Such work will commence by MidAmerican Energy Conipany as soon as reasonable and practicable after the execution of this Proposal and rcccipl of Applicant's cash deposit indicated below. MidAmerican Energy Company will prosecute such lvork to compleiion with reasonable diligence. In consideration of the receipt of a payment in the amlnmt ol'S3,901.10 from Applicani,which is an Advance for Construction subject to refund,MidAmerican Energy Company agrees to constiuct necessary electric facilities as sct forth above. Please submit payment with Applicant's signed acceplluice of this Proposal.The Applicant's payment is not received by Ig/I6/2017,the amount may be subject to change. The Advance for Conslruction shall be subject to ref'und by MidAmerican Energy Company to Applicant baserl upon the following temis and conditions: a.Advances shall noi accrue interest and shall be subject to refund from the date of the original advance payment This wil!span a six (6)-ycm period at thc rate of fifty percent (50%)of the annual metered electric seivice bill of the above applicant. If additional single-phase custol11el's 'rll&e connected to the above described line extension,the above Applicant shall receive refunds equal to three limes estimated base revenue for each additional new customer to the extent that such revenue exceeds the additional distribution construction costs incurred by the MidAmerican Energy Company.Base revenue shall be estimated annual revcnuc,less Riel expcnsc costs,based on similarly sltuatecl cus'tolucls. Rehmds shall bc macle on the amiiversary ol'the date of the original advance pavlnent,or sooner at the option ol the NlidAmerican Energy Company. Revenue lor unmctcrcd private lighling shall not be included in any refund. No refiuids shall b&.nlaclc fi1I I'cvenue received after six years from the date of the original advance payment. I.Never shall the total of refunds exceed the refundable portion of the payment anted above. No refunds shall bc made for customers served fi'om a further extension of the above described electric line extension. Applicant shall provide,v:ithout cost to MidAmerican Energy Company,such eascmcnts as are necessary and incidenial tn such installation aml use of MidAmcrican Fningy Company's facilities on private propctry within the area seived.If a 3'a party easement is required any cost associated in obtaining the easement will be paid by the applicant. 6.Applicant shall be responsible for locating and marking all privately ov ned systems such as water services,culverts,inigation systems,drain pipes,septic lines,and underground wiring before IvlidAmerican Energy Company's constriction. It is specilically understood and agreed that any distribution systems,or other I'acilities constructeil or installed by iMidAmerican Energy Company under terms of ibis Proposal shall remain the sole proprnty ol'iVlidAmcrican Energy Company anil MidAmcrican Energy Company shall detetmine,as its own judgement indicates,the manner and method of utilization thereof and to extend the same or connect other facilities thereto and seive other customers therefroin as it shall see Iit,subject only to such obligations as MidAmcrican Energy Company shall have assunted in this Proposal;and no other person shall have any right,title,interest or claim,in or to the said distribution system or other facilities by virtue of any provision of the Proposal. Proposed this Sixteenth clay of February,Twenty-Seventeen MIDAMER CAN ENE --C ivfPANY By Title: ~L Accepterl this day of 44 ~,2017 APPLI,NT By: SE Alice's Rd os Oio 0 C Cl lp 0 lP 0 IIJ IJI l0 D i I I 3l'I,01 r )=' Y rl0 00 00 p C0 OO 00 OOO Ol 00 D dl 0 N 0D O~0 0 0 0 I, CI