HomeMy WebLinkAboutRESOLUTION 1971-08. _ _.-_ _ _ _ , ,
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CITY OF KENAI -- RESOLUTION NO. 71-8
A RESOLUTION ACCEPTING IN CONCEPT THAT CERTAIN AGREEMEN7' pRppOSED TO THE
CITY COUNCIL ON APRIL 7, 1971, WNEEtEIN HOMER EJ,ECTRIC ASSOCIATION AGREES
TO HtlY THE FACILITY OF KENAI CITY LIGHT.
WHEREAS. the (:ouncil of the City of Kenai deems it neceseary in the
best intere~st of the citizens to consolidate the electrical pawer systems
on the Peninsula into one system, andJ
WHEREAS, the City of Kenai, in connection with ita mtusicfpai electric
system awns and operates properties for the puchase, transmisaion, distri-
butiou, suppiy, and sale of eleatric pawer and energyt and is engaqed in the
bnsiness of supplying and aellfng electric power and energy to residentidl,
camroercial, i~dustrial and qovarrnaental cons~aners in and about the City of
Kensi. Alaska, a~ndi
~EtEREAB, Homer Electric Associetion is an electr:tc cooperative under the
laa+a of the State of lllaska enqaqed amonq other electric activities in the
busfness of purchneing, transanitting, dietributinq, supplyinq and eellinq
electric energy i~~ the State of Alaeka, andi
WHEREAB, Homer Electric Associatlon's electric syatem is or can be inter-
aonnected with that of the City of Kenei for the purpose of furnishing standby .te
electric pawer, ewd=
wHEREAS, the Kenai City Councii deems that operation isy Ho~ner Electric
Association of the City's eleatric system Nould be beneficial to the City and
to the City's eiectric custaaers, and=
WHER~AS, the Council is of the opinfon that such HOmer Electric Aesociation
operation of the City's electricai system cari be aacomplfshed throuqh a lease-
purchase agreement by the City of Kenad to Homer Electric Association of the
electric transmisaion and distribution syetem of the City for the term and in
accordance with the conditions and provfaions hereof, and:
WHEREAS- the City and Homer Electric Associatfon further deen- it mutually
deairable in connection with such agreement for the City of Kenai to sell to
Homer Electric Aasnciation and for Hon-er Electric Aseociation to puz~chase all
polea, wires, meters, tranaformers auid electric materials and supplies owned by
the City of Kenai and held in atock and not fn service at the beginning of thia
aqreement, andj
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WHEREIIS, Homer Electtic Aesociation is agreeable to entering into an
aqreement as aforesaids
NOW, THEREF(SRL, BE IT RESOLVED THE CITY COUNCIL APPROVES THE CONCEPT OF THE
LEASE PURCHASE AGREEMENT DATED APRIL 1, 1971, SUB.TECT TO FINAL AND PORHAL
APPR0~1//AL BY THE COUNCIL APTER ALL REQUIRED P.EVIEW BY 4fDI~R AGENCIES.
PASSED this ~~ day o~ l~pril, 1971.
-Y~~-~ G .dG .
JOf~I F. STEINBBCK, Meyor
11'1'PE3T:
Sharon Sterling, Acting lerk
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