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JlESOLUTION NO. ':3-!JfJ
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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
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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.
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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.
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Approved as to form:
City Attorney
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Mayor
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