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HomeMy Public PortalAbout1992_04_14_R044 The Town of Leesburg, Virginia RESOLUTION NO. A RESOLUTION: PRESENTED April 14, 1992 92-44 ADOPTED April 14, 1992 AUTHORIZING THE EXECUTION OF AN AGREEMENT FOR PURCHASE OF ELECTRIC SERVICE WITH VIRGINIA POWER WHEREAS, a steering committee composed of representatives of the Virginia Municipal League and the Virginia Association of Counties has successfully negotiated an agreement with Virginia Power to provide local governments with electricity for the period July 1, 1991, to June 30, 1994; and WHEREAS, the new rates will be retroactive to July 1, 1991, and will provide for no increase in the basic rate previously charged for the first two years; and WHEREAS, during the third year of the agreement, rates will increase 5%. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the mArmger is authorized to execute an agreement with Virginia Power for the purchase of electric service for the period of July 1, 1991, to June 30, 1994. PASSED this 14th day of ATTEST: Clerk of Council April ,1992. Robert E. Sev~,~VIayor Town of Leesburg R:VA-Power