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HomeMy WebLinkAboutMO # 001MUNICIPAL ORDER No. 1 1 A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO EXECUTE A TWENTY-YEAR (20)... CONTRACT RENEWAL WITH THE TENNESSEE VALLEY AUTHORITY ON BEHALF OF THE, ELECTRIC PLANT BOARD OF .THE CITY OF PADUCAH, KENTUCKY, D/B/A PADUCAH POWER SYSTEM, FOR THE PURPOSE OF PURCHASING WHOLESALE POWER SECTION 1. The. present. contract of the Electric Plant Board of the City of Paducah, Kentucky, d/b/a Paducah Power System, with the Tennessee Valley Authority, expires at midnight, September 13., 1980.. SECTION 2. The Electric Plant Board of the City of Paducah, Kentucky, d/b/a Paducah Power System, desires to renew said contract for an additional period of twenty (20) years, beginning September 14, -1980,-for the purpose of purchasing wholesale power for distribution. SECTION 3. This Order authorizes and directs the Mayor of the City of Paducah, Kentucky, to enter into an agreement with the Tennessee Valley Authority on behalf of the Electric Plant Board of the City of Paducah, Kentucky, d/b/a Paducah Power System, to renew and revise said contract, effective September 14, 1980, for a period of twenty (20) years. . SECTION 4. This order shall be in full force and effect from and after. the date of its adoption. Mayor Introduced by the Board of Commissioners July 22, 1980 Recorded by Louise McKinney, City Clerk, July 22, 1980. I