HomeMy Public PortalAbout2372-1968 - Interconnection Agreement - Michigan ElectricORDINANCE NO. 2372 -1968
WHEREAS, the City of Richmond, Indiana (hereinafter referred
to as "CITY"), acting by and through its Common Council, has entered
into an interconnection agreement (hereinafter referred to as "INTER-
CONNECTION AGREEMENT"), dated November 15, 1965, with Indiana
& Michigan Electric Company (hereinafter referred to as "COMPANY")
for the purpose of establishing an additional interconnection between
Company's transmission line facilities and City's electric utility system:
and
WHEREAS, the Interconnection Agreement provides that the City
shall provide, own and install or cause to be installed certain facilities
required for such interconnection, and further provides that the Company
shall provide, own, install or cause to be installed certain other facilities
required for such interconnection: and
WHEREAS, the City has caused to be installed City's Initial Facilities,
as set forth in said Interconnection Agreement and the Company has installed
Company's Initial Facilities as set forth in said Interconnection Agreement:
and
WHEREAS, the City and Company have agreed to proceed to install
or caused to be installed the City's Additional Facilities and the Company's
Additional Facilities as set forth in said Interconnection Agreement: and
WHEREAS, since the City's Additional Facilities and the Company's
Additional Facilities are all to be installed at, and form a part of, the
Hodgin Substation and the Company is going to install Company's Additional
Facilities, it appears to be in the best interests of, and of financial benefit
to, the City that Company shall design, install and own in the first
instance the City's Additional Facilities and then sell and transfer
such facilities to the City in place: and
WHEREAS, the City desires to enter into a written under-
standing and agreement (hereinafter referred to as "ADDITIONAL
FACILITIES LETTER AGREEMENT") with the Company containing
the terms and conditions with respect to installation of the City's
Additional Facilities by the Company and their sale and transfer, in
place, to the City by the Company.
NOW, THEREFORE, be it ordained by the Common Council of
the City of Richmond, Indiana:
SECTION 1. The Additional Facilities Letter Agreement dated
October , 1968, which is on file in the office of the City Clerk of
the City of Richmond, Indiana, and is by reference incorporated herein
and made a part hereof, be, and the same is hereby approved and
confirmed.
SECTION 2. The City of Richmond, acting by and through its
Common Council now enters into, makes and executes the Additional
Facilities Letter Agreement.
SECTION 3. The duly constituted officials and representatives
of the City be, and they are hereby, authorized and empowered to do
all acts and things, and to execute all instruments and papers, necessary
or expedient to fully carry out and perform on the part of the City the
Additional Facilities Letter Agreement.
SECTION 4. This Ordinance shall be in full force and effect from
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and after its passage, approval by the Mayor, and publication as by
law required.
PASSED by the Common Council of the City of Richmond,
Indiana, this day of 1968.
Presidefit of Common Council
ATTEST:
6*�City Clerk
PRESENTED to the Mayor of said City for his approval this
7day of 1968, at . % p M.
City Clerk
le
APPROVED AND SIGNED BY me this day of ,
1968, at -0 r- , .
ATTEST:
6t-67 ity Clerk
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