b"City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2018 tenants in common, in the OMEGA JV2 Project in the amount of their respective Project Shares.Purchaser Participants agree to purchase the output associated with their respective Project shares, ownership of which is held in trust for such Purchaser Participants.Pursuant to the OMEGA JV2 Agreement, the participants jointly undertook as either Financing Participants or Non-Financing Participants and as either Owner Participants or Purchaser Participants, the acquisition, construction,andequippingofOMEGAJV2,includingsuchportionsofOMEGAJV2ashavebeen acquired, constructed or equipped by AMP and to pay or incur the costs of the same in accordance with the JV2 Agreement.OMEGA JV2 was created to provide additional sources of reliable, reasonably priced electric power and energy when prices are high or during times of generation shortages or transmission constraints, and to improve the reliability and economic status of the participants respective municipal electric utility system.The Project consists of 138.65 MW of distributed generation of which 134.081 MW is the participants entitlement and 4.569 MW are held in reserve.On dissolution of OMEGA JV2, the net position will be shared by the participants on a percentage of ownership basis.OMEGA JV2 is managed by AMP, which acts as the joint ventures agent.During 2001, AMP issued $50,260,000 of 20 year fixed rate bonds on behalf of the Financing Participants of OMEGA JV2.The net proceeds of the bond issue of $45,904,712 were contributed to OMEGA JV2.On January 3, 2011, AMP redeemed all of the $31,110,000 OMEGA JV2 Project Distributive Generation Bonds then outstanding by borrowing on AMP's revolving credit facility.As such, the remaining outstanding bond principal of the OMEGA JV2 indebtedness was reduced to zero, with the remaining principal balance now residing on the AMP credit facility.As of December 31, 2018, there was no outstanding debt.The Citys net investment and its share of operating results of OMEGA JV2 are reported in the Citys electric fund (an enterprise fund).The Citys net investment in OMEGA JV2 was $346,351 at December 31, 2018.Complete financial statements for OMEGA JV2 may be obtained from AMP or from the State Auditors website at www.ohioauditor.gov. - 78 79 -"