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HomeMy WebLinkAboutRes1999-012 . I I POSTPONED INDEFINITELY Sponsored by: Gage CITY OF SEWARD, ALASKA RESOLUTION NO. 99-012 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, AUTHORIZING A CREDIT BASED ON KILOWATT HOURS TO COMMERCIAL AND RESIDENTIAL ACCOUNTS OF THE SEWARD ELECTRIC UTILITY AS A RESULT OF THE CHUGACH ELECTRIC ASSOCIATION'S 1988 WHOLESALE CAPITAL CREDIT REBATE TO THE UTILITY WHEREAS, the City has received notification from Chugach Electric Association that the Seward Electric Utility will receive a $70,838.00 wholesale capital credit rebate for Calendar Year 1988 ; and WHEREAS, it is the desire of the City Council to return this rebate to the utility's commercial and residential customers in the form of a credit based on kilowatt hours on each customer's March utility billing. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEWARD, ALASKA, that: Section 1. The City Manager is hereby authorized to issue a credit to each Seward Electric residential account's March 1999 billing. Section 2. This resolution shall take effect immediately upon its adoption. POSTPONED INDEFINITELY by the City Council ofthe city of Seward, Alaska, this 22 day of February, 1999. THE CITY OF SEWARD, ALASKA Lowell R. Satin, Mayor CITY OF SEWARD, ALASKA RESOLUTION NO. 99-012 AYES: NOES: ABSENT: ABSTAIN: ATTEST: Patrick Reilly City Clerk (City Seal)