HomeMy WebLinkAbout6552RESOLUTION NO. 6552
A RESOLUTION AUTHORIZING THE PRESIDENT OF THE
CITY COUNCIL TO EXECUTE AN AGREEMENT BETWEEN
PUEBLO, A MUNICIPAL CORPORATION AND FUEL
RESOURCES DEVELOPMENT CO. RELATING TO METHANE
RECOVERY AT THE SOUTHSIDE LANDFILL
BE IT RESOLVED, BY THE CITY COUNCIL OF PUEBLO, that:
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The President of the City Council is authorized to execute
and deliver in the name of Pueblo an agreement between Pueblo and
Fuel Resources Development Co. relating to methane recovery at the
City's southside landfill. The agreement, in substantially the
form and content of the Amended Agreement dated April 11, 1988
between Pueblo and Colorado Development Resource Corporation is
approved with such modifications, additions, deletions and changes
thereto as the President of the City Council and City Attorney
shall deem necessary, desirable and appropriate, provided (a) the
City's exposure to liability thereunder will not be increased, and
(b) the annual compensation to be paid to City under the agreement
will be as follows:
(1) Initial Project - $50,000
(2) Subsequent Project I - $25,000
(3) Subsequent Project II - $25,000.
Annual compensation for each project will be paid in 12
consecutive monthly payments, commencing the first month after
substantial completion of such project. Annual compensation for
each project will be escalated at a rate of 3% per year commencing
with the end of each annual compensation period.
INTRODUCED: May 14, 1990
ATTEST:
By KENNETH HUNTER
Councilman
APPROVED:
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Ci Clerk Vice- esident of the Ci Council
TJ 43.28 -2-