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Agenda 11/14/2006
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Agenda 11/14/2006
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12/5/2006 11:38:09 AM
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12/5/2006 10:49:51 AM
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City Council
Meeting Date
11/14/2006
City Council - Category
Agendas
City Council - Type
Work Session
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<br />At."W.OHIO CONTRACT NO C-92:J06-5251 <br /> <br />monthly as inclIrred by :'\l'vtP-Ohio. The t\lunicipality shall pay the invoiced amounts no <br />later than the due dale shown on the invoice, The amounts due shall be considered p.lid <br />when actually received by Afv1P-Ohio during normal business hours, or deposited in <br />Ai\IP-Ohio's account iUld available 1'01' ,\MP-Ohio's use. Amounts not paid on time or <br />betore tbe due date shall be payablcwitl1 inlerest accrued at the lesser of: (i) the then <br />curreI1l prime interest i'ate per annum of Citibank, N.A., or its successor, prorated by days <br />from the due date to the date of paymcnt~ or (ii) the maximum rate thaI is authorized by <br />hl\ The \fullicipalily may elcet 10 pay a monthly' Icvcli/Cd, estimated cosL with <br /> <br />pcriudic trul'u;).'> to actual. bv $0 indic:lli:lg in the Cx(,'cullon blod..; Ofl!:;S "'L'iC(,!l'.,'nt. <br /> <br />CHi .\Iunicipali!y !llldCrst;Hh!,; II:dt thl' tot~d dC\...~loplll~llUd COSb ut" thc' lIydro <br />I'll 'jet' l': priur tll construction ar~ nut l'urn:ntly determinable. .\\lP-Uhio b;lS <br />"roj,'ct,'d it may incur less than 011\.: million dollars ($ 1.000.0(0) in su,h costs <br />(inc!uJing .\:vlP-Ohio's previously incurred costs related thereto} lbscd upon the <br /> <br />mll1lmUm 30 M.W of.. total . Developmental Subscriptions, the maximum <br /> <br />Dc\ckpmcntal Subscripijoncost is $}2 84 per k W. Municipality h(~r('by authorizes <br />its j!l'U rota share of such costs ill all amount of up to $32,84 per kW over the term <br /> <br />of this Agreement. Any costs in excess of such $32,84 per kW may not bc, billed to <br />the ;vluuicipalit.y V...thollllhe Municipality's prior written agreement. <br /> <br />SECTI(}~ (I - NOT1CES <br /> <br />Any notices given or required to be given hereunder to tilt:: iV1unicipalil)' <br />shall be sent to the following addresses: <br /> <br />Any notices given or required to be given hereunder to AMP-Ohio shall be sent to <br />AMP-Ohio at the following address: <br /> <br />AMERICAN MUNICIPAL POWER - OHIO, INC. <br />Attn: President <br />2600 Airport Drive <br />Columbus, OH 43219 <br />
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