HomeMy WebLinkAboutresolution.council.003-64RESOLUTION
WHEREAS, the City of Aspen has substantially
rebuilt the electric system heretofore purchased; and
WHEREAS, these improvements were necessary to
provide adequate electric service to the inhabitants of
Aspen to preserve the public health, safety and welfare;
and
WHEREAS, by reason of said re-building of the
electric system as shown upon plans in the office of the
City Clerk, there appears on the books of the
$116,400.77, representing that portion of the
longer in use and the City Council deems it
write off said amount.
NOW, THEREFORE, BE IT RESOLVED:
1. Pertinent to amortization of loss resulting
from Hydro-Plant facilities retired 1962 and 1963, the sum
of $3,919.44 shall be amortized during the year 1963.
The remaining balance of $61,691.47 shall be
amortized over a period of 224 months.
Pertinent to amortization of loss resulting
from electric facilities retired during 1963, the sum of
$1,017.94 shall be amortized during 1963.
The remaining balance of $49,771.92 shall be
amortized over a period of approximately 57 months.
2~ That the C~ty Clerk and the City Treasurer
are hereby directed to make such entries as may be required
to fulfill the amortization of said amounts,
City the sum of
system no
necessary to
CERTIFICATE
I, Dorothy Hoffmann, the duly elected City Clerk for the
City of Aspen, Colorado, do hereby certify that the fore-
going is a true, full and correct copy of the Resolution
adopted by the City Council for t~e Oity of Aspen, at a
regular meeting held May 18, 1964, at Aspen, Colorado.
Fated this /f day of May, 1964.
City ~erk //f