HomeMy WebLinkAboutWRRF Power Lines Asset Purchase and Transfer of Title Agreement with Idaho PowerBILL OF SALE
This BILL OF SALE is entered to be effective on aw 23vd , 2018 ("Effective
Date"), by and between Idaho Power Company, an Idaho co oration ("Idaho Power") and the
City of Meridian, a municipality located in Ada County, Idaho (the "City"). Idaho Power and
the City may be referred to herein individually as a "Party" or, collectively, as the "Parties."
Idaho Power has agreed sell to the City and the City has agreed to purchase from Idaho
Power, for the consideration and upon the terms and conditions set forth in the Asset Purchase
and Transfer of Title Agreement, dated November 8, 2017, as amended by the First
Amendment to Asset Purchase and Transfer of Title Agreement, dated February 27, 2018,
(collectively "Purchase Agreement"), the Assets set forth in Exhibit A to the Purchase
Agreement.
Pursuant to the requirements of Rule M of Idaho Power's Tariff, Idaho Code § 61-328,
and Oregon Revised Statute § 757.480, Idaho Power has obtained authorization and order from
the Idaho Public Utilities Commission and the Public Utility Commission of Oregon approving
Idaho Power's sale of the Assets (set forth in Exhibit A to the Purchase Agreement) pursuant to
the terms and conditions of the Purchase Agreement.
Idaho Power hereby transfers title to the Assets and acknowledges payment for the
Assets, in the amount of $668,805, is governed by and shall be made in accordance with the
terms and conditions of the Purchase Agreement.
IN WITNESS WHEREOF, the undersigned have executed this BILL OF SALE to be
effective as,of the Effective Date,
IDAHO POWER COMPANY
Signature:
Printed Name:
Ad
Title: U r", ( D g iP
CITY OF MERIDIAN
Z,
Signature: '` �k
Printed Name:Wee rd
Title: I Aajor
{00233175.DOU: 1)
wRRV powev
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