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RESOLUTION
councilman~~ moves the adoption of the following resolu-
tion:
WHEREAS: The consumption of electrical energy in the City
of Seward has increased to a point where additional generating
capacity is required and the City Council deems it necessary to
provide additional capacity to said municipal power plant, and,
WHEREAS: It is necessary for the City of Seward to sell its
revenue bonds in an amount sufficient to pay for the purchase of
the proposed municipal generating equipment and the necessary or-
dinances have been passed to provide for the issuance of said
revenue bonds and it appears to the Council that the money will
be available therefor within the next days, and,
WHEREAS: Fairbanks, Morse & Co. have submitted a proposal
dated for the furnishing of a 4$0 HP, Model 3lA$-l/2
Diesel engine generating set together with auxiliary equipment
specified in detail in the said proposal for the sum of ~35,57l.00,
and,
WHEREAS: It appears to the Council to be to the best interest
of the City of Seward that this equipment be purchased; that it is
the most satisfactory equipment for use in the municipal power plant
and that it is necessary that the equipment be delivered at the
earliest possible time, and to accomplish this, the proposal of said
Fairbanks, Morse & Co. be accepted subject to completion of the sale
of the said revenue bonds and the money having been made available
to the municipality.
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NOW, THEREFORE, BE IT RESOLVED that the proposal of Fairbanks,
Morse & Co. as outlined above is hereby accepted by the City Coun-
Cil of the City of Seward, Alaska, and the Mayor and other officers
are hereby authorized, instructed and empowered to enter into the
agreement with Fairbanks, Morse & Co. and to perform all other acts
necessary to complete this agreement.
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