Title
A Resolution Authorizing the Acquisition of Real Property Owned By Monica C. Padeway to be Used for the Central Substation Project
Presenter:
Jessica Davis, Land Resource Manager, Colorado Springs Utilities
Aram Benyamin, Chief Executive Officer, Colorado Springs Utilities
Summary:
Colorado Springs Utilities ("Utilities") requests that City Council approve a resolution that will allow Utilities to purchase the property owned by Monica C. Padeway (the "Property Owner") located at 4006 Goldenrod Drive, Colorado Springs, Colorado 80918, also known as El Paso County Tax Schedule Number 6327206045 (the "Property").
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 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 Property, which is located at the corner of Goldenrod Drive and A...
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