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HomeMy WebLinkAboutOrdinances Book 14, Page 1, No Ordinance NumberAN ORDINANCE PROVIDING FOR AND AUTHORIZING'THE EMPLOYMENT OF BURNS & McDONNELL ENGINEERING C014PANY OF KANSAS CITY, MISSOURI IN ESTABLISHING A GENERAL VALUATION OF ALL ELECTRIC PROPERTIES WITHIN THE CITY LIMITS OF THE CITY OF PADUCAH, KENTUCKY NOW OWNED BY KENTUCKY UTILITIES COMPANY, AND AUTHORIZING AND DIRECTING THE CITY MANAGER TO ENTER INTO A CONTRACT FOR SAME WITH SAID COMPANY AND SETTING FORTH THE TERMS AND CONDITIONS OF SUCH CONTRACT BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That Burns & McDonnell Engineering Company of Kansas City, Missouri shall be employed by the City of Paducah, Kentucky to establish a general valuation of all electric properties within the limits of said city now owned by Kentucky Utilities Company, and that the City Manager be, and he is hereby, authorized and directed to execute and deliver on behalf of the city a contract of employment with said Company in words and figures as follows: "CONTRACT FOR PROFESSIONAL SERVICES "THIS CONTRACT made and executed in duplicate originals this day of 1959, by and between the City of Paducah, Kentucky, a municipal corporation hereinafter called the City, party of the first part, and Burns & McDonnell Engineering Company of Kansas City, Missouri, hereinafter called the Company, party of the second part. W I T N E S S E T H: "That in consideration of the mutual covenants herein contained, the City hereby employs the Company to perform the professional services hereinafter outlined and agrees to pay for such services as hereinafter set out; and party of the second part accepts such employment and agrees to all terms and conditions herein. "The services which the Company agrees to perform are: 111. Establish a general valuation of all electris properties within the city limits of Paducah now owned by the Kentucky Utilities Company. 112 Consideration shall be given to both estimated original cost and reproduction cost of all properties fused and useful' in furnishing electric service with- in the City. 2 !t3. An economic analysis shall be prepared to determine whether it is to the advantage of the City to acquire these properties at the estimated valuation. '14. The analysis shall be predicated on three possible sources of a power supply, namely: (a) Purchase all requirements from the TVA. (b) Construct a generating station and produce the City's requirements. (c) Purchase power and energy wholesale from the Kentucky Utilities Company. 'T5. Estimates shall be made for a fifteen year period of future power and energy requirements, predicated on possible power sources as described in Paragraph 4. "The above services shall be undertaken in close cooperation with the City's legal staff. "Results of the studies shall be summarized in report form and fifty copies of the completed report including exhibits, estimates, and recommendations presented to the City; all of which will be submitted and delivered to the City if possible by February 15, 1959, and in no event not later than I=Iarch 1, 1959. "Members of the staff of the Company shall be available for consultation with the officers and officials of the City and its legal staff for a period not to exceed seven (7) months from the date of presentation of the aforesaid reports. "The fee to be paid by the City to the Company for the pro- fessional services herein outlined shall be based on the following formula: (a) All salaries and wages at the direct cost to the Company. (b) All direct and indirect overhead at 6000 of (a) (c) Profit at 250 of (a) plus (b). (d) All expenses incurred by members of the staff of the Company while engaged on the project at the actual cost to the Company. "Che total fee computed in accordance with the preceding formula is guaranteed by the Company not to exceed the sum of Seven Thousand Nine Hundres Dollars 07,900.00). "IN WITNESS WHEREOF the parties of the first and second parts have hereunto set their hands and seals on the date first above written. CITY OF PADUCAH, KENTUCKY Party of the First Part Seal attached and B attested by y City Manager Attested & Witnessed by 6 fc] BURNS & NcDONNELL ENGINEERING COMPANY Party of the Second Part By Title SECTION 2. This ordinance shall be introduced and remain on file for public inspection for at least one week in the completed form in which it shall be put upon its final passage, and if adopted shall be in full force and effect ten days thereafter. ayox` Introduced by the Board of Commissioners January 13, 1959 Passed by the Board of Commissioners January 20, 1959 Recorded by Sarah Thurman, City Clerk, January 20, 1959.