HomeMy WebLinkAboutRESOLUTION 1998-48Suggested by: Administration
City of Kenai
~OLUTION NO. 98-48
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASIZ~
AWARDING A FIVE-YEAR CONTRACT TO HOMER ELECTRIC ASSOCIATION,
INC. FOR ELECTRIC SERVICE.
.
WHEREAS, Homer Electric Association, Inc. (HEA) provides electric service to
the City; and
WHEREAS, HEA has offered an acceleration of the refunds of capital credits in
return for a five-year contract for electric service; and
WHEREAS, it is in the best interest of the City to enter into this agreement.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that the City Manager is authorized to execute a five-year
contract with HEA in return for accelerated refunds of capital credits.
ATTEST:
Carol L. Freak, City Clerk
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 15th day of
July, 1998.
~~TdoH~~ILLIAM S, MAYOR
Approved by Finance:
{7/9/98) kl