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4.5. SR 06-04-2001ElkBdver Municipal Utilities 322 King Avenue Elk River, MN 55330 To: Elk River City Council Stephanie Klinzing John Dietz Louise Kuester Dan Yveite Paul Motin From: Bryan C. Adams Item ~ 4.5. phone: 763.441.2020 Fax: 763.441.8099 Subject: Proposed LFG Project The Elk River Municipal Utilities (ERMU) in partnership with Sherbume County (SC) and Waste Management (WM) are proposing to expand the Landfill Gas (LFG) to electrical energy project at the Elk River Landfill. The expansion entails removing the existing 550 Kw generation unit and installing 3 - 800 Kw generation units with provisions to install a 4th unit in the future. This project also included a building with an education center for tours and group presentations about landfills and LFG to energy technologies. The current business arrangement for this project is as follows: ERMU would own this facility thus preselwing the ability to receive Dept. of Energy annual credits, SC would loan the money for this project (Estimated to be $2,350,000), and WM would operate and maintain this facility. The operation and maintenance expense, along with the principal repayment would be financed with the sale of electricity produced by the facility. Life of the project is 20 years. The security for SC's loan is the physical assets of the LFG to electric generation facility with no obligation to the City of Elk River or ERMU. Enclosed is the following information for your review: 1) Letter of Intent between ERMU and WM. 2) Letter of Intent between ERMU and SC 3) Resolution Approving the Exercise of Powers Under Minnesota Statues, Chapter 453, Respecting a Certain Electric Power Generation Project. The above referenced resolution was adopted by the ERMU Commission on April 10, 200l. The City Council should also adopt this resolution so this project can move forward. This resolution is very similar to resolution #98-125, which is attached, for another project that did not come to fruition. Letter of Intent Landfill Gas to Energy Project Elk River Municipal Utilities ("ERMU") and Elk River Landfill Inc. ("ERL") wish to express their intent to enter into negotiations with respect to an agreement or agreements providing for the design, construction and operation ora landfall gas-to-energy project at the Elk River Landfill. WHEREAS, ERL owns and operates the Elk River Landfill Landfill gas, consisting primarily of methane and carbon dioxide, is produced as a byproduct of the decomposition of waste within the landfall. WHEREAS, ERL wi.shes to sell landfill gas extracted from the landfill to ERMU on an exclusive basis for use as fuel in a landfill gas to energy, facility., and ERMU wishes to purchase the landfill gas, subject to ERMU and ERL executing an agreement containing mutually acceptable terms and conditions. WHEREAS, ERMU wishes to generate and supply electricity in an environmentally sound manner to its customers. NOW THEREFORE, ERi, and ERMU agree that they will negotiate exclusively with one another and negotiate in good faith with the respect to the development of the landfill gas- to-energy project described above. The negotiations will be based on the premise that: ERL will sell landfill gas to ERMU, supply the design specifications and provide technical oversight to assist ERMU in developing a plant design for a landfill gas to energy facility and in obtaining industry standard warranties from the manufacturer of the generating equipment; ERL will provide assistance and guidance relating to permits, eonsm~ction, operation and maintenance of the landfill gas to energy facility; o ERL will assist ERMU in identifying a suitable engineering and/or general contractor who ~4.L! design and build the facility based on plans and specifications approved by ERL and ERMU; ERMU will lease or purchase the land on which the generating facility will be located, obtain permits (with ERL's assistance as required by ERMU) and provide interconnection between the generating facility and ERMU's electric distribution system; 5. ERL and ERMU will enter into an agreement pursuant to which ERL will operate and maintain the landfill gas to energy facility, in a cost effective and efficient manner, based on standard practices in the landfill gas industry; 6. ERMU will enter into separate negotiations with Sherbume County to secure the financing necessary to build the facility; 7. The parties anticipate that the project will be implemented in two phases. The first phase will include the design, permitting and construction comracts, together with a final cost and construction schedule for the project. The second phase will consist of ERMU's negotiations with Sherburne County for the financing necessary to accomplish the project. The parties anticipate that the two phases will proceed simultaneously. The parties agree to commence negotiation tl~ agreetmnI (or agr~rmnlz) come-plated by the foregoing. While both parties hol~ that tl~ negotiations will result in a definitive agreement or agreements, ERL and ERMU intend that neither party will have any obligation to the other with respect to the transactions descn'bed above unless and until the parties have negotiated mutually acceptable agreements with respect to all aspects of the transactions and until all such agreements are executed by both parties and by any necessary third parties. Acknowledged and agreed: Dated: _/C~ / ,2000 Dated: f~(~ ~t. Z ~ ,2000 EL~~-'~I~ MUNICIPAL UTII, ITIES .) RESOLUTION SHERBURNE COUNTY BOARD OF COMMISSIONERS November 21, 2000 Date 112100-AD-656 Number WHEREAS, The Sherbume County Board of Commissioners, pursuant to Minnesota Statutes 115A.919, has set aside monies for the use of landfill abatement purposes, costs of closure, postclosure care, response actions and for purposes of mitigating and compensating for the local risks, costs and other adverse effects of mixed municipal solid waste facilities; WHEREAS, Elk River Municipal Utilities has put forth a proposal to work in conjunction with the operator of the Elk River Mixed Municipal Solid Waste Landfill to utilize the methane (a natural byproduct of the degenerating waste) at said Landfill by converting the methane into electricity; and, WHEREAS, the Sherburne County Board of Commissioners recognizes the inherent environmental and social benefits, which include utilizing a byproduct of the landfill and conversion of that byproduct into a usable product, and adding power unto the grid at a time when the State of Minnesota will be experiencing the need to import power; NOW, THEREFORE, THE SHERBURNE COUNTY BOARD OF COMMISSIONERS HEREBY MAKES THE FOLLOWING RESOLUTION OF INTENT: The Sherburne County Board of Commissioners hereby supports the project as proposed by Elk River Municipal Utilities that would convert methane generated at the Elk River Landfill into power. Further, the Sherburne County Board of Commissioners intends to financially support this project by loaning up to $2,350,000 to Elk River Municipal Utilities for the purchase of the generators and related equipment from the Solid Waste Surcharge fund of the County, as established under Minnesota Statute 115A.919. The terms of the loan are: 1) a zero interest loan; 2) a twenty-year repayment period; 3) up to $783,000 will be forgiven over the term of the loan upon successful operation of the project by the Elk River Municipal Utilities; and 4) such other terms that will protect the County's interests. Prior to any disbursement of funds, the County shall enter into a written loan agreement with Elk River Municipal Utilities; such agreement to be negotiated by the Sherbume County Attorney's Office and Sherbume County Zoning Administrator or her designee. The Contract shall be subject to approval by the Sherbume County Board of Commissioners. Resolution moved by Commissioner Johnson, seconded by Commissioner Nagorski and adopted. The Resolution passes. The above action was taken on the 21~ day of November, 2000. Clerk to the County Board Dat~ / SEAL RESOLUTION - A RESOLUTION OF THE CITY OF ELK RIVER RESOLUTION APPROVING THE EXERCISE OF POWERS UNDER MINNESOTA STATUTES, CHAPTER 453, RESPECTING A CERTAIN ELECTRIC POWER GENERATION PROJECT Be It Resolved as Follows: 1. I~ecitals. (a) The City of Elk River, Minnesota, in cooperation and conjunction with the Elk River Municipal Utilities Commission (collectively, the "City") proposes to enter into contract(s) with Sherburne County, Minnesota (the "County") and Waste Management, Inc., its successor, assigns and/or other persons (collectively "WM") to facilitate the completion of a certain electric power generation project (the "Project"). (b) The Project would consist of the construction and completion of a 2.4 kilowatt hour landfill gas-to-energy electric generator located in the City at the Elk River Landfill. The cost of the Project is currently estimated to be $2,350,000.00. (c) The Project will be a base load generator owned by the City. (d) It is proposed that WM, in conjunction with the City, would plan, complete and operate the Project. The Project is expected to be operational on a full-time basis to provide electric energy to the customers of the City. The City expects to benefit from the Project by enhancing its capacity against the growing electricity needs of the City and against uncertainty of national electric capacity as a whole. (e) It is proposed that the County loan the sum of approximately $2,350,000.00 from its Solid Waste Surcharge fund to the City for the purchase of the generators and related equipment, with zero interest over a twenty-year repayment period anticipating one-third of the loan forgivable upon twenty years of successful operation. (f) The City, the County and WM would enter into agreements (collectively, the "Agreements") specifying the respective rights and obligation of the City, the County and WM. (g) The City would issue a note(s) to finance the Project. These Notes would be payable from revenues derived from the operation of the Project and would be secured by a mortgage or other suitable security interest in the Project. The Note(s) F ~O~OATA~F-JU~J'll~5'tm~/~ would not be a general or moral obligation of the City, would not be secured by any of the City's existing municipal electric utility assets, and would not be payable from or a lien against the rates and charges imposed by the City on its municipal electric customers. 2. ~J.tJ~L~.izR[[9~. It is hereby resolved and determined pursuant to Minnesota Statutes, Section 453.58, that the City may exercise such powers and enjoy such privileges provided in Minnesota Statutes, Chapter 453, as may be desirable or necessary in connection with the City's participation in the Project, as generally described hereinabove, the entering into the Agreements, and the issuance of the Note(s) in aid of financing and completing the Project. 3. A.D0roval and Publication. This Resolution has been duly adopted by the City Council of the City of Elk River, Minnesota, and by the Elk River Municipal Utilities Commission, respectively, at duly called and regularly held meetings there on ,20 , and shall be published once in the official newspaper of the City as soon as conveniently possible pursuant to Minnesota Statutes, Section 453.58, Subdivision 2. This Resolution in itself if not intended and shall not be interpreted as a commitment of the City to the Project, which shall be contingent upon the execution of the mutually acceptable Agreements. Passed and adopted by the City Council and the Elk River Municipal Utilities Commission of the City of Elk River this day of April, 2001. ELK RIVER MUNICIPAL UTILITIES COMMISSION ATTEST: By: George Zabee Its: President Bryan Adams ELK RIVER CITY COUNCIL ATTEST: By: Stephanie Klinzing, Mayor Sandra Peine 2 F'4~oI~s~}ATA~J~J-II~$. [s~I¢~ RESOLUTION 98 - 125 A RESOLUTION OF THE CITY OF ELK RIVER RESOLUTION APPROVING THE EXERCISE OF POWERS UNDER MINNESOTA STATUTES, CHAPTER 453, RESPECTING A CERTAIN ELECTRIC POWER GENERATION PROJECT Be It Resolved as Follows: 1. Recitals. (a) The City of Elk River, Minnesota, in cooperation and conjunction with the Elk River Municipal U~ilities Commission (collectively, the "City'S, proposes to enter into contract(s) with United Power Association, its successors and/or other persons (collectively, 'TrPA") to facilitate the completion of a certain electric power generation project (the '~Project"). (b) The Project would consist of the construction and completion of a 35 to 50 megawatt gas turbine electric generator in the City. The cost of the Project is currently estimated to be $18,000,000. (c) The Project would be a peak load generator owned by the City. (d) It is proposed that UPA, in consultation with the City, would act as the City's agent for the planning, permitting, acquisition, completion, and operation of the Project, subject to certain rights of the City to operate the Project when not used by UPA. The Project, as a peak load generator, is expected to be operational only on occasions throughout any given year when demand for additional electric energy so requires. The City expects to benefit from the Project by enhancing its capacity against the growing electricity needs of the City and against uncertainty of national electric capacity as a whole. (e) The City and U-PA would enter into joint and cooperative agreement(s) (collectively, the "Agreement") specifying the respective rights and obligations of the City and UPA. (f) The City would issue revenue or similar bonds or notes (the '~Bonds") to finance the Project. These Bonds would be payable from revenues derived from UPA under the Agreement and may be secured by a mortgage or other suitable security interest in the Project. The Bonds would not be a general or moral obligation of the City, would not be secured by any of the City's existing municipal electric utility assets, amd would not be payable from or a lien against the rates and charges imposed by the City on its municipal electric customers. 2. Authorization. It is hereby resolved and determined pursuant to Minnesota Statutes, Section 453.58, that the City may exercise such powers and enjoy such privileges provided in Minnesota Statutes, Chapter 453, as may be desirable or necessary in connection with the City's paxticipation in the Project, as gener,]]y described hereinabove, including without limitation the designation of UPA as agent of the City, the entering into the Agreement, and the issuance of the Bonds in aid of financing and completing the Project. 3. A~)nroval and Publication. This Resolution has been duly adopted by the City Council of the City of Elk River, Minnesota, and by the Elk River Municipal Ut~Hties Commission, respectively, at duly called and regularly held meetings thereof on November 9, 1998, and shall be published once in the of-~c/al newspaper of the City as soon as conveniently possible pursuant to Minnesota Statutes, Section 453.58, Subdivision 2. This Resolution in itself is not intended and shall not be interpreted as a commitment of the City to the Project, which shall be contingent upon the execution of the mutually acceptable Agreement. Passed and adopted by the City Council and the Elk River Municipal Utilities Commission of the City of Elk River this 9~h day of November, 1998. ELK R,,]~NER MUNICIPAL U~IES COMbIISSION ~eorge~fresident ELK RIVER CITY COUNCIL ~enry ~.. D~i~sman, Mayor - an'dxa peine, City Clerk