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HomeMy WebLinkAboutRes1968-715 ~-- THE CITY OF SEWARD RESOLUTION NO. 715 WHEREAS; The City of Seward owns and operates a City Municipal Light and Power D;)partment Distribution and Stand-by Generation Station; and WHEREAS; Wholesale Power Is purchased from Chugach Electric Cooperative at approximately Mile 24 on the Seward Highway; and WHEREAS; the Light and Power Department produces revenues amounting to approximately Forty-Four Percent (44%> of the Total City Budgets and with the in- creased consumption of power anticipated at the Alaskan Scallop Processor's Plant the budgeted revenue of the department should increase to approximately Forty-Six a.nd One-Half Percent (46-1/2%> of Total City Budgets, and with increased electriC- al consumption in other classes of use throughout the City, the department's revenue can conceivably increase to an excess of Fifty Percent (5{)%> of Total City Budgets; NOW, TIlER EFORE, BE IT RESOLVED, by the City Council of The City of Seward, Alaska, that the City Manager is hereby instructed and directed to assume complete supervision of this department and to devote a portion of his time to the administra- don and supervision of the department and is hereby charged with all responsibili- ties connected with the department. AND FURTIlER, the City Manager's salary, annual leave, and insurance shall be chargable to the department in an amount equal to approximately the same percent as t..i.e Department Revenues are to the Total City Budget, providing that the Net Revenues of the Light and Power Department are adequate to maintain the required Net Reserves called for by City Bond Ordinances governing Revenue Bond Sales related to t..i.e Light and Power Department. The General Fund Expenditure Budget for the City Manager's office shall specifically list Total Salary, Annual Leave, and Icsurance paid the City Manager and shall be separate from other salaries in the office. The Budget shall show the exact amount to be paid by the General Pund and the exact amount to be paid by the Light and Power Department.