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<br />..- <br /> <br />....-, <br /> <br />~ <br /> <br />':;,',(JESDAY <br /> <br />a:::T ODER 23. 1 962 <br /> <br />Termination of Lease <br /> <br />At the termination of the lease agreement, I,1irtinsville 1-lould <br />have the option to acquire all additions made by Ap1)alachian <br />to this system during the life of the lease agroement. The <br />price to be paid by the City shall be the cost to Ap~)alachian <br />of such additions, less depreciation, from respective dates <br />of construction. It i~) also possible that other options might <br />be developed with the City prior to the termination date, such <br />as an e:z:tension of the lease agreement. <br /> <br />Office Facilities <br /> <br />Upon execution of the lease, Appalachian would proceed to <br />establish in the City an office, adequately staffed, for the <br />payment of electric bills and servicing of customer requests. <br /> <br />Electric Department Employees <br /> <br />Appalachian Vlould like to retain, as permanent employees, <br />those persons presently emplo~red by the electric depa.rtment. <br /> <br />He believe that either IToposal I or Proposal II would be attractive to the <br />City. <br /> <br />In ea.ch case outlined above, \Te have presented the basic ideas and the <br />major points. itIe are prepared to discuss the details of an a,r:reement <br />c over inr; either proposal uith you. <br /> <br />He apDr€~ciate the opportunity of making these proposals, and look fonmrd <br />to discussing them further ..lith you. <br /> <br />Counc:ll, in conclusion, acknOlIledged receipt of inspection reports prepared by <br /> <br />the State Department of PUblic 'trelfare and Institutions, covering the City I s <br /> <br />?olice and Prison Farm detention facilities. <br /> <br />Council was adjourned. <br /> <br /> <br />~..._i;''''",__- <br /> <br />of Council <br /> <br />~1. <br />