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HomeMy WebLinkAbout1999-06-14 99-232 RESOLVEItem No. 99-232 Date: 644-99 item/Subject: RESOLVE, Appropriating PERC Performance Credit to the General Fund Improvement Reserve Account Responsible Departrnent: Administration Commentary: With the completion of the PERC contract restructudng (commonly referred to As the Parity )eal) Involving PERC, Bangor Hydro Electric Co. and amending Charter Municipalities, quarterly performance credit distributions have now commenced. These disWbutions are baud upon the favorable operation of the plant and are shared between the amending communities, Bangor Hydro and PERC. They will normally be made on a quarterly basis. The total to be d(stdbuted for first quarter 1999 performance (January -March, 1999) Is $957,980.60. Bangor's share, based upon a formula of 50% Guammecd Annual Tonnage (GAT) wNghted average and 50% actual tans delivered, Is $]8,516.]3. It has been the City's practice to dedicate this performance credit distribution m the General Fund Improvement Reserve Account This account Ponds future General Fund capital projects and needs which are typically considered during the annual budget review and adoption process. We recommend that the quarterly disMbuton be appropriated to this Reserve Account for future capital needs. W1, Department Head we" a Lei 1 111 City Manager Associated Information: Restive, Allocation Table Budget Approval: Finance Director Legal Approval: 6tY Solicitor Passage =First Reading 21 Page _of_ • Referral to Finance Committee 6-j-99 at s pm � M "Signed to Councilor l ler June 14. 1999 INN CITY OF BANGOR (TITLE.) Resolve, A nrt_at� PERC P rfo Cnxtl't to th G I F tl lfid went nna..ne Ar nt By Me O'ty Coun dofthe City of Bangor: RESOLVED, THAT the Penobscot Energy Recovery Company (PERC) Performance Credit for the period January 1, 1999 to March 31, 1999, representing distributions from plant operations for the first quarter of 1999 totaling $78,516.73 is hereby appropriated to the Ory of Bangor General Fund Improvement Reserve Account (100-35724000). Pmcpor[o=,=cx Att1999.ree IM mw COUNCIL June 16. 1999 First 6eadiug Referred to Pinnace C®ittee CITY IN CITT COUNCIL lose 28. 1999 Motion for Passage Made asd Seconded Passed CIN 99-232 R RSOLYR Appropriating PRBC Performvice Credit to the General Fund Improvement Reserve - Account //�LL/C�,�I,a�d G. 1 V eU 99-232 Tablet DretlRs pltdoSswne Puarina f1 $acontl Duartar of 1099 r Pel 50 GATas of Actual rona, Chanar Mun ' li MUMS Cretl4s WM s8am 3131199 Jan to Mar 96 Midcoa stM 20852.0] 4553% 6,500 1,03590 mi"aineS Mld4delne$ E 13,09]09 2.960% 5,000 1025.74 MiMmE]421.91 - 9.70% 1,100 314.06 Mitlilwckel $ $ 8,073]9 1.783% 3000 850.69 Milo $ J576.55 0.7781% 1,320 2&157 M E 593.03 0.129% 180 54.57 Mt 1.WDeseNEMR E 28,563.24 6237% f0, 500 2,304.07 Rewbu Y 1.483.53 0.324% 500 131.00 old Y 14.223.05 3.108 5,000 1.209.80 nd Orond S 1.]53]0 0383% 750 119.89 O1 E 12,]70.34 2.121% 5.100 885.88 $ 605m 0.121% 210 44.01 Patin 4 1.89.58 0.355% 608 128.31 Parkman S - 391.42 1 0.086 28.51 Plemam $ 2.29.05 0.493% 9w 168.70 Own Pleasakh SWD _3,589.)9 0.709% 400 1.400 271.28 PI Pit Y $ 1.337-10 0.292% 112.650 Reed Pit ed Y _ 209.18 0.058% Im 19 20.68 RockM1M S -16,10646 3.516% 6.19 1 1.894.]3 Sa erville t 1178.74 1 0.287% 49 103.15 Seam $ 3.0]3]9 0.024% 1,500 282.32 Stetson $ 09].1] 0.198% 310 7].52 SmIoen $ 131].53 , 0294% 450 119.92 Stonin tin S 2.808.26 0.438% 625 186.28 Thomaston GMu $ 9,]46.11 2128% 3,330 850.51 Tbomdike , Y 715.16 0156% 200 02.31 Tr $ 691.8] 0.154% 29 5TU Union RrnoS D S 8809 0.19% 300 _ TT.68 U $ 1.882.11 0411% SW 153.]] Vassalbord $ 3.94361 0.051% 1,450 32135 Veazie 2,21]5.64 0.495% 89 191.92 Verona $ 048131 0.183% 275 60.94 Watloboro Group $ 6,096.22 1.]fia% 3,038 846.85 Wa3eMlre S 38100.91 8.339% f 156 2.862.13 Winslow S 8,923.68 1.512% 309 __ 4 Z,51 West GarOmer 06]1% 1100 256.91 WnMrop E _ _3,072.44 8.26748 --_ 169% 3.200 97.)2 TOTAL 457,900.80 100.90% 167.766 37,447.31 PeRormaoCream b mr alldredn $ 4579960 Roundin lacror 0.09298. bW S"st ap ena nex Como7.ry "' 9 232 — - No..027619 Dere 5/19/99 n rTIM UNIMMUn CcvTt ._._ e��tt4iv0 .cia 77 11.0245191P 1:011000029[ 9046 407 4+• Wm�aw m • •N�h^��+��a+nomin"minCvim EIFASE DEiPCN PNO flETPIN FOfl10Ufl flECOPDS. Pa NPME MUNICIPAL REVIEW COMMITTEE CUSTODY WBS No. 027519 P No 56-2598-00 DP*E 5/19/99 flEMI1TPNCEIMOUM R iJ.INOOME.d>4::Yi`.Y y pgINCPN ` 575 E78.516.73 /0D- 357zy1}oD REMITTANCE TO MRC OTRLYY DISTRIBUTION BANK 0 TWO NlacaOon of pMo ce Cm4HS 8awntl DueMrof 1898 Mn4ere mNvsa Perlwmame 50% GAT as of A41ua1lons, CM1ader Musci GtMIH WM share Y31199 Jan W MW 90 Alban $ 1,932.'18 0.422% 600 162.08 Aeon S 858.30 0.209% 385 70.45 A1kNsw S 2)6.01 0.060% 105 21.70 Bail IIIB 093]% 1,200 433.]) Sam or )85167 17.144% 2],0001 6,013.31 e Hill S 6381.3] 1.030% 3,000 I ]00.99 ewth0av RRDD $ 11,451.51 2.5001% 4,500 868.24 Brad $ 1225.61 0.260% 425 105.55 Brewer $ 25,289.48 5.522% 8000 1 2,126.74 Brooks 1 $ 6)0.0) 0.146% 250' 51,99 BrmtvviHe S 1,809.52 0.413% 015' 158.33 Bucks n S 8,382.54 1.394% 2,]50 429.92 Burnham $ 1,511.51 0.330% 500 13558 Carmel 8 2478.50 0.511% 7001. 249.08 Camel Persemoot S 3.502.02 0,765% I.200 304.04 Clifton E ]98.9 1.156% 1.800 • 461.00 0.174% 300 1 8355 Clinton E 6.971.22 -- 1.522% $500, 501.99 Dedham I S _ 1,00]]0 0.237% 400 88.59 uo"T*owroft S 4,907.35 1.OR% 9,500 400.]9 EOOm Y 2542.66 0565% wo 208.22 Enfield E 1937.58 0.423% ]00 • 160.61 Fai�f M $ 4,094.02 0.694% 3,000 lenbum $ 4,390.37 0.959% 1500 383.15 Gauldaboro E 215).43*%a% 800 1]4sh i 1,362.15% OS 118.]3 $ 3.8w% 1400 324.26n S 0.001,81% 3,200 ]1008E 1,6".1S8% 550 12321 $ ].3]2.590% 2465 $ 2,801.052% 1,050 223.69 E3.159% 130 22.29 1,8% 500 062% 352 nt E 2,289.330% 835 Lincoln $110".533% 4,Ow Lucerne $ 518023% 200 40.0] Mariaville $ 289.91 0083% 108 23.75 Mars FMI 2 2,289.45 0.502% 900 174.98 Matlawzmkew S 1.112.28 I 0.243% 1 400 92.61