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11/23/2004 Resolutions 2004-298 I I I RES 0 L UTI 0 N 2004-298 WHEREAS, the City's current coal transportation contract with the Union Pacific Railroad Company expires on December 31, 2004; and WHEREAS, in lieu of renewing such contract, Union Pacific Railroad Company is requiring the use of UP Circular 111; and WHEREAS, according to the terms of UP Circular 111, the cost for coal transportation for a one-year period is $9.62 per ton plus the diesel fuel cost adder; and WHEREAS, the three year term for coal transportation are $8.66, $8.92, and $9.19 per ton for years 2005, 2006 and 2007 respectively, plus the diesel fuel cost adder; and WHEREAS, it is recommended that the City approve UP Circular 111, for a three- year term to provide continued freight service of coal to the Platte Generating Station; and WHEREAS, the City Attorney has reviewed and approved UP Circular 111. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that UP Circular 111 is hereby approved for the transportation of coal to the Platte Generating Station for the years 2005,2006 and 2007. BE IT FURTHER RESOLVED, that the Mayor is hereby authorized and directed to execute UP Circular 111 on behalf of the City of Grand Island. Adopted by the City Council ofthe City of Grand Island, Nebraska, November 23,2004. OJ1QL ~OW~ RaNae Edwards, City Clerk Approved as to Form l:l November 18. 2004 l:l