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HomeMy WebLinkAbout21-76 . . ....- RESOLUTION NO. ;;< /-71.., A RESOLUTION of the City Council of the City of Port Angeles authorizing the execution of a document entitled Assignment Agreement with the Washington Public Power Supply System relative to power supplied from Nuclear Pro- jects Numbers 4 and 5. WHEREAS the City of Port Angeles has entered into an agree ment with Washington Public Power Supply System (Supply System), a municipal corporation of the State of Washington, entitled "Washington Public Power Supply System Nuclear Projects Numbers 4 and 5 Participants Agreement" dated July 14, 1976; and WHEREAS the supply system has requested the City along with the other parties participating in said contract to execute an Assignment Agreement under the terms of which any surplus power available to the Participants shall be sold to certain industrial companies or provided to the Participants, if needed, as the case may be, the Assignment Agreements to be executed simultaneously with a separate contract with said companies providing for their receiving surplus power; and it appearing that it is in the best interests of the' City to execute said Assignment Agreement; . NOW, THEREFORE, BE-IT RESOLVED by the City Council of the City of Port Angeles as follows: I. The City shall enter into an Assignment Agreement with the Washington Public Power Supply System, a copy of which is attached to this Resolution and made a part thereof by reference. II. The Mayor of the City of Port Angeles be and he hereby is authorized and directed to execute said Assignment Agreement on behalf of the City. . . .. PASSED by the City Council of the City of Port Angeles and approved by its Mayor at a regular meeting of the Council held on the 5th day of October, 1976. ~<Jvt~ ==[) ~dJ-04-/v7 Mayor Attest: ~u {e, ;Z~ City Clerk Approved as to form: p ~~~l {~<~ City Attorney I