HomeMy WebLinkAboutReso. 1983 - 096 - Authorizing the mayor to execute a purchase and sale agreement between the city of redding and pacific gas and electric company I •
RESOLUTION NO. n " J
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE MAYOR TO EXECUTE A PURCHASE AND SALES
AGREEMENT BETWEEN THE CITY OF REDDING AND PACIFIC GAS AND
ELECTRIC COMPANY FOR THE PURCHASE OF THE ELECTRIC DISTRI-
BUTION FACILITIES IN THE AREA COMPRISING THE BRANSTETTER
LANE ANNEXATION (82-8) .
WHEREAS, the City of Redding annexed the unincorporated area
comprising the Branstetter Lane area on the following date:
Annexation 82-8 September 21 , 1982
and said annexation was certified on the date above written by
the Secretary of State of the State of California; and
WHEREAS, Pacific Gas and Electric Company owns and operates
an electric distribution system which serves electricity to
approximately nine customers within the aforesaid annexed area;
and
WHEREAS, the City has the power of eminent domain to acquire
by condemnation these facilities from Pacific Gas and Electric
Company; and
WHEREAS, in order to avoid a condemnation suit and to
compromise possible litigation, Pacific Gas and Electric Company
has expressed its willingness to sell the electric distribution
facilities within the annexed areas to the City of Redding as
inventoried effective September 10 , 1982 , for the sum of Twenty
Thousand Ten Dollars ($20 , 010) , and in accordance with the terms
and conditions of the purchase and sale agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Redding as follows: ��
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1. That the above recitals are true and correct.
2. That the City Council does hereby approve the purchase
of the electric distribution facilities from Pacific Gas and
Electric Company for the sum of $20, 010 in accordance with the
terms and conditions as set forth in said agreement.
3. That this approval in no way shall be construed to
constitute an acceptance by the City Council of the City of
Redding of any principles of valuation used by the Pacific Gas
and Electric Company in arriving at the compromise valuation
offered to the City in the aforesaid proposed purchase and sale
agreement.
4 . That the Mayor be and hereby is authorized to execute
said agreement for and on behalf of the City of Redding.
I HEREBY CERTIFY that the foregoing Resolution was intro-
duced and read at a regular meeting of the City Council of the
City of Redding on the 6th day of June , 1983, and was
duly adopted at said meeting by the following vote:
AYES: COUNCILMEN: Demsher, Fulton, Kirkpatrick, Pugh, and Gard
NOES: COUNCILMEN: None n
ABSENT: COUNCILMEN: None I
ll,AL , _ A._ •
':, `BA. A ALLEN GARD, ayor
City of Redding
ATTE�S/T�: 0ETHEL A. NIC. 721761,6-6
HOLS, City Clerk
FORM APPROVED:
RA ALL A. HAYS, City torney
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