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HomeMy Public PortalAbout1924-1962 - City Enters into an interconnection agreement with Indiana & Michigan Electric CompanyORDINANCE NO. 1924 1962 WHEREAS' the City of Richmond, Indiana (hereinafter referred to as "CITY").,, acting by and through its Common Council,, has entered into an interconnection agteement'(hereinafter referred to as Q/IN=TERCONNECTION AGREEMENT") ,.-dated March 16s 1959 Pith Indiana and Michigan Electric Company (hereinafter referred to as "COMPANY") for the purpose of establishing a higher capacity interconnection botween Company@s tranmission line facilitiea and Cityes electric,utility systems and WHEREAS,, Section 1©01 of the Interconnection Agreement provides that the City.shall provide, mm and install or cause to be installed certain facilities required for such.intercoaanection9 and Section 1.02 of the Interconnection Agreement,provides that the Company shall provide,, own, install or cause to be installed cer- tain tither facilities r eed for such interconnection: and WHEREAS,,, -The City has caused to be installed Cityes Iriti al Facilities,,. as set forth in Sections 2.12 and 2,13 of the Appendix to said Interconnection Agreement and the Company.has installed Company,s initial Facilities as set forth in Sections 3,119 3,111 and 34112 of the Appendix to said Interconnection Agreement, WHEREA5.�'.;The City and Company have agreed to proceed to install or caused .'.to be installed the City"s Additional Facilities and the Compauy°.g.Additional Facilities as set forth in Sections 2,149 2©15 and 3*012:,of the Appendix to said Interconnection Agree- ment WIEREA 6 since the City"s Additional Facilities and the Company's Additional Facilities are all to be installed at, and form a part of, the Richmond Substation referred to in the -Interconnection Agreement and the Company is going to install Company's Additional Facilities, it -appears to be in the best interests offl and of financial benefit toa the City that Company shall designs install and own in the first instance � h!� City's Additional Facilities and then sell and transfer such facilities to the City in placer and WIEREAS-� the Uty desires to enter into a written -andirem' standing and agreement (hereinafter referred to as "ADD171-ONAL FACILITIES AGREEMENT") with the Company containing the terms and c0nditi=S XAth T-QSPQCt tO ins-tallation Of the City's Additional Facilities.by the Company and their sale a -ad transferc, Jn pLaaeo, to the city by th.s-,-Company. HOW0 THEREFORE be it cTdainedl by the CaMplon Coun' cil of the City oil Ridhmo.ndt,-1ndiana,o SECTIOR :1, The Additional Facilities Agreement dated April 29 1962 which is an file in the office of the City Clarlt of the City of Richmando Indianan a -ad is by reference inearporated herein and made a part hereaEa be,, and ChG Same is hereby approved and confirmed. SECTION 2. The City cif -Richmond p acting by and through its Common COMCUL novy enters Into,, makas and executes the Additional Facilities Agreement , SECTION The duly constituted officials and repremsw.- tatives of the City boo and they axe: herebyo 8-a-thorized and em.- powered to do ail.. acts and thingeg and to execute all instruments and paperso necej . t.si" �;:y or expedient to fully cam vy ont and perform on the part of City the Additional Facilltieo Agreement'. SECTION 4, This Ordinance shall be ir. full force and effect from and after its peassage.0 approval by the Mayor,, and Publication as by law required. PASSED by the Cammzon Council of tha City of Richmand5 Indisnag, this Z� day of k -PRIESENTEof D to the Mayor this / day' 0-2 14c'"- 7 eald City for his approval nt, / V fuc a APPROVED AND S1 MD BY me this— /,7 day of 1962. atzO;&A M. -mayor I/ Attest . XU,dot City rtgirl'l i