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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