Title
A Resolution Authorizing The Acquisition Of Real Property Owned By Grant Invest Llc And Real Property Owned By Parkway Plaza Limited Liability Company To Be Used For The Central Bluffs Substation Project
Presenter:
Jessica K. Davis, Land Resource Manager, Colorado Springs Utilities
Travas Deal, Chief Executive Officer, Colorado Springs Utilities
Body
Summary:
Colorado Springs Utilities ("Utilities") requests that City Council approve a resolution that will allow Utilities to purchase the properties identified below for the Central Bluffs Substation Project.
Background:
Utilities is modernizing the electric grid for sustainability and system resiliency and reliability. Over the years, our customers' electricity demands have evolved and peak loads continue to increase. Utilities has identified three substations that are severely space constrained and no longer located at ideal points on the grid to accommodate future demand. The Central Bluffs Substation Project ("Project") will replace these three aging substations with one facility to improve system reliability, resiliency, and efficiency. Additionally, it will provide for long-term operation and maintenance (O&M) savings. Without this replacement Utilities is at risk for significant reliability and service issues to existing infrastructure.
Staff, over a three-year process, evaluated several sites. Each potential site was evaluated for community impact, legal constraints, and operational compatibility, flexibility and accessibility - as well as cost factors. The unique operational and space requirements for the Project drastically limited options within a part of Colorado Springs that is already well established and fully developed. The proposed Project site was selected because it is the most operationally and economically compatible with the needs of our community. The properties listed below are part of the proposed Project site:
2914 Austin Bluffs Pkwy: The property located at ...
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