Approval Sheet

CITY OF GILLETTE
P.O. Box 3003
201 E. 5th Street
Phone (307)686-5200
CITY OF GILLETTE


www.gillettewy.gov

 
DATE: 5/6/2013 7:00:00 PM
SUBJECT:
Council Consideration of a Resolution Determining that the Construction of the Transmission Line Project has been Completed and Accepted by the City of Gillette and all Costs of Acquisition and Construction Have Been Paid.
BACKGROUND:
As part of the bond issue for the purchase of the 23% interest in the Wygen III powerplant, there was $1,500,000 included for the construction of the Transmission Line Project, consisting of a 69Kv power line from the Neil Simpson#1 Generating Station to the Warlow Substation. That line has been constructed and has been incorporated into the City system. Section 7.3 of the Trust Indenture requires that the City pass a Resolution upon the completion of the transmission line project before the Trustee can reimburse the City for the remaining  balance in the Project Fund of $403,959.24.
ACTUAL COST VS. BUDGET:
SUGGESTED MOTION:
I move for the Approval of a Resolution Determining that the Construction of the Transmission Line Project has been Completed and Accepted by the City of Gillette and all Costs of Acquisition and Construction Have Been Paid.
STAFF REFERENCE:
Charlie Anderson, City Attorney
ATTACHMENTS:
Click to download
Transmission Line Resolution