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RSSAll Entries Tagged With: "Lamar Repowering Project"

Council Approves ARPA Bond Sale Ordinance

Council Approves ARPA Bond Sale Ordinance

  The Lamar City Council approved, on first reading, the Power Purchase Agreement between the City of Lamar and Tri-State G & T and the termination of the Power Supply Agreement between the City and Arkansas River Power Authority (ARPA). As part of the agreement, the city approved ARPA’s execution of the Defeasance Funding and […]

Lamar Council Adopts ARPA Bond Refunding Resolution

Lamar Council Adopts ARPA Bond Refunding Resolution

  The Lamar City Council, following an hour long executive session Monday night, March 19th, approved resolution 18-03-01 which will issue refunding bonds by ARPA, Arkansas River Power Authority.  The vote was five to one in favor with the dissenting vote cast by councilmember, Anne-Marie Crampton. Lamar Mayor Roger Stagner called for the special meeting during […]

Council Considers ARPA Agreement

Council Considers ARPA Agreement

  The Lamar City Council tabled Resolution 18-03-01 for the issuance of refunding bonds by the Arkansas River Power Authority until additional contract information included in the Preliminary Official Statement can be reviewed. The council set March 19th as an additional meeting date to review the documents which will be sent to them as of […]

Holly Trustees Approve ARPA Bond Refunding Resolution

Holly Trustees Approve ARPA Bond Refunding Resolution

    The Holly Trustees approved Resolution 2018-3, acknowledging and approving the issuance of refunding bonds by the Arkansas River Power Authority. A follow-up presentation of the refunding proposal was made to the trustees by ARPA General Manager, Rick Rigel, during their March 7th monthly meeting.  He outlined the plans for them during their February […]

Revenues Up as Light Plant Nears Year’s End

Revenues Up as Light Plant Nears Year’s End

    With only one meeting left on the 2017 calendar for the Lamar Light Plant, Superintendent Houssin Hourieh provided October’s financial report for board members this past Tuesday, November 28th. Total operating revenue for the month is $1,255,487 with operating costs at $848,143 resulting in gross operating income of $407,345. When the non-operating revenues […]

Holly Trustees are Third ARPA Member to Approve Settlement

Holly Trustees are Third ARPA Member to Approve Settlement

The Holly Trustees voted to join their counterparts in Las Animas and Springfield, voting unanimously May 3rd, in favor of the proposed settlement agreement in litigation between Arkansas River Power Authority, ARPA and the City of Lamar.  ARPA general manager, Rick Rigel, was on hand for the monthly Trustees meeting to offer explanations on the […]

New Development in City of Lamar/ARPA Trial

New Development in City of Lamar/ARPA Trial

  A March 6, 2017 court date was vacated due to an agreement between both parties, the City of Lamar as plaintiff and Arkansas River Power Authority as defendant. A joint motion in Case 31 was issued in District Court to vacate the trial date of March 6-31 and to stay deadlines at the request of […]

LUB Considers Finances, New Members and Donations

LUB Considers Finances, New Members and Donations

Lamar Utility Board members discussed aspects of Light Plant finance during their meeting on Tuesday, August 23rd.  The slim agenda covered the July financial report as well as the System Operating report, a brief overview of the pending 2017 budget and the three applications received for board membership, to replace former member Rick Beard. Light Plant […]

Syncora Lawsuit Against ARPA Ratepayers Dismissed

Syncora Lawsuit Against ARPA Ratepayers Dismissed

Syncora Guarantee Corp. of New York, a bond insurer for the Lamar Repowering Project, has seen its lawsuit against the Ratepayers recently dismissed in court. The lawsuit was filed in August 2015 against Colorado Mills, the Ports to Plains Truck Plaza and the Rodeway Cow Palace Inn.  The suit alleged that the defendants, through their […]

GP Aggregates – ARPA Finalize Rail Spur Sale

GP Aggregates – ARPA Finalize Rail Spur Sale

GP Aggregates, LLC (“GP”), a Colorado company conducting various business activities, including aggregate mining operations in and around Lamar, CO has purchased certain rail facilities and a rail spur that formerly served the Lamar Repowering Project power plant from the Arkansas River Power Authority (“ARPA”). The rail facilities include track improvements connected to the main […]