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