Legislation Details

The purpose of this proposed resolution is to rescind Navajo Nation Council Resolution CJY-45-13, the resolution which granted final approval to an Energy Development Agreement between the Navajo Nation and Nabeeho Power, L.L.C. The reason for this action is because the resolution was conditioned upon Nabeeho Power, L.L.C. having secured funding for the energy development project within 365 days after CJY-45-13 was certified. July 30, 2014, is 365 days after CJY-45-13 was certified. At that time Nabeeho Power, L.L.C. had not presented its financing plan to the Resources and Development Committee or to the Navajo Nation Council. It is the purpose of the resolution to rescind CJY-45-13 for failure to secure funding by 365 after CJY-45-13 was certified.