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HomeMy WebLinkAbout03-58 - ..,q .. ~ .. .. ... JlESOLUTION NO. ':3-!JfJ e A RESOLUTION approving and authorizing the execution of power sales contract for the purchase and resale of electric power with the Bonneville Power Administration by contract No. 14-03-001-13601, and approving and authorizing the execution of resale agreement between the City of Port Angeles and Rayonier Incorporated under said purchase and resale agreement, said pur- chase and resale agreement being companion contracts. WHEREAS, a power sales contract between the United States of America, Department of the Interior, acting through the Bonneville Power Administration has been submitted for execution by the City of Port Angeles, being designated as Contract No. 14-03-001-13601 of Bonneville Power Administration providing for the purchase of power from said Bonneville Power Administration for the purpose of resale thereof to Rayonier Incorporated, and in conjunction therewith there has been presented to the City of Port Angeles a proposed resale agreement to be executed by the City of Port Angeles and Rayonier Incorporated for the resale of such power to Rayonier Incorporated, which contracts are designed as companion contracts and which is of particular benefit to the City of Port Angeles. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Angeles, Washington as follows: Section 1: That the Mayor and City Clerk be, and they are, hereby authorized to executed the contract between the United States of America, Department of the Interior, acting through the Bonneville Power Administration and the City of Port Angeles for the purchase and resale of power to Rayonier Incorporated, the same being Contract No. 14-03-001-13601 of said Bonneville Power - Administration. Section 2: That the Mayor and City Clerk be, and they are, hereby authorized to execute on behalf of the City of Port Angeles a contract providing for the resale of power as purchased under the contract mentioned in the preceding paragraph to Rayonier Incorporated, the same being designated as Companion Con~racts. e .> . ., PASSED by the City Council of the City of Port Angeles and approved by its Mayor at a regu~r roeeting held this 6th day of February, 1958. .... '. ..,)~.-"-" - ~"J.~" ....~ or'.. - ~. '-".".. .~...S- -...-. -:,_ ATTEST~:? . - -;:. -..... ....- .. . fJ-:"'.\ 0 ' ----p ..::" "-:-"60. - o<--~ -_c""'~o-,:'l" -: ~ City Clerk Approved as to form: City Attorney ~~ L-- d::it - Mayor .- . ..