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HomeMy Public PortalAbout1989_04_25_R088Lccs~urg in ~rirgini~ RESOLUTION NO. A RESOLUTION: PRESENTED April 25; 89-88 ADOPTED April 25. AUTHORIZING THE EXECUTION OF AN AGREEMENT FOR THE PURCHASE OF ELECTRIC SERVICE WITH VIRGINIA POWER 1989 1989 V~I-IEREA~, a steering committee composed of representatives of the Virginia Municipal League and the Virginia Association of Counties has successfully negotiated an agreement with %rn-ginia Power to provide local governments with electricity for the period July 1, 1988, to June 30, 1991; and WHEREAS, the new rates will be retroactive to July 1, 1988, and will provide a basic rate decrease of 14% in comparison to rates previously charged; and WHEREAS, during the second and third year of the agreement, rates will increase 2.5% and 2.4% respectively: THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the m~nager is authorized to execute an agreement with Virginia Power for the purctmse of electric service for the period of July 1, 1988, to June 30, 1991. PASSED this 25th day of April .1989. Robert E. Sevila, Mayor Town of Leesburg