HomeMy WebLinkAbout1997-05-12 97-217 RESOLVECOUNCIL ACTION
Date: 5-12-97 Item No. 97-217
Item/Eubjeet: Resolve, Appropriating FERC Rebate to the General
Fund's Improvement Reserve.
Responsible Department: City Manager
Commentary:
We have recently received our annual performance credit rebate
check from the Penobscot Energy Recovery Company. This year's
rebate is $96,539.74. This is the third year in which the city
has received a performance credit.
It has been our practice to dedicate this credit to the General
Fund's Improvement Reserve. I would recommend that we continue
this practice.
Aamager's Commerce:
Budget Approval:
Legal Approval:
4 Y
_Introduced For
Passage
X First Reading Page of
� Referral to Finance
av Ne CiIM Caanev! of W e Cip w awpor:
MSSOLVaD, That the performance credit received from the
Penobscot energy Recovery Company in the amount of $96,539.74 is
hereby appropriated to the General Fund's Improvement Reserve.
ASSigned to
Councilor
Soucy May 12, 1997
_
CITY
OF
BANGOR
(TITLE.)¢SO1bE�._..........__....._......_..._
Appropriating
... _.... _......
PRRC Rebate to the General
_...... _.................. _........... ......._.._.
Pund's improvement
Reserve.
av Ne CiIM Caanev! of W e Cip w awpor:
MSSOLVaD, That the performance credit received from the
Penobscot energy Recovery Company in the amount of $96,539.74 is
hereby appropriated to the General Fund's Improvement Reserve.
IN CIPY COUNCIL
May 12,1997
First Reading
Referred To Finance Casettes
ITY 881f
IN CITY COUNCIL
May 28, 1997
Passed
Councilor Thler Abstained
CIT$ CLERK
9]-21]
EES0LVE
Aoox ia[ine PRRC Rebete the General
Fund's Improvement Reserve to