4 - City of Oxford

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97768.— www-wrom
MINUTE BOOK No. 24, CITY OF OXFORD
and operation, the anticipated net revenues, amortization costs and
surpluses. The feasibility study will be based upon an acquisition price
of 120 percent of the original cost of the properties when devoted to
public service, less accrued depreciation in accordance with information
furnished by the GAS COMPANY. No appraisal of the physical property nor
determination of earning value will be made.
The ENGINEER shall furnish five copies of the completed report to each of
the INDIVIDUAL MUNICIPALITIES. Any additional copies requested by any
INDIVIDUAL MUNICIPALITY will be furnished by the ENGINEER at the actual
cost of reproduction.
PART TWO - Engineering Date for Revenue Bond Issues:
Based upon the recommendations set forth in the preliminary engineering
report, as described in PART ONE, and upon the determinations made subse-
quent thereto by the SIGNATORY MUNICIPALITIES as a group, or by INDIVIDUAL
MUNICIPALITY or by several INDIVIDUAL MUNICIPALITIES acting in concert,
the ENGINEER will provide additional services required for the acquisition
of all or any part of the properties of the GAS COMPANY and the sale of
gas revenue bonds for funding such purchase.
At the specific request and direction of the SIGNATORY MUNICIPALITIES, or
any INDIVIDUAL MUNICIPALITY or any group of INDIVIDUAL MUNICIPALITIES
acting in concert, the ENGINEER will make additional engineering and
feasibility studies and shall prepare a report or reports,.as requested
and specifically directed, which will cover all of the information con-
tained in the Preliminary Engineering and Feasibility Report as enumerared
in PART ONE OF SERVICES, along with such additional detailed engineering
and economic data as may be necessary for court proceedings, for hearings
before regulatory agencies and for the sale of gas revenue bonds.
the ENGINEER will provide five copies each of the reports to those INDIVI-
DUAL MUNICIPALITIES affected by that report. Additional copies of the
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report will be furnished by the ENGINEER at the actual cost of reproduction
The ENGINEER will be available for advice and consultation during the pre-
paration of the report or reports, and upon the completion of the report
or reports will meet with the SIGNATORY MUNICIPALITIES of INDIVIDUAL
MUNICIPALITIES to review and explain the contents of the report or reports.
PART THREE - Additional Engineering Services:
The ENGINEER will be available for additional services and consultations
to the SIGNATORY MUNICIPALITIES or INDIVIDUAL MUNICIPALITIES and at the
specific request and direction of the SIGNATORY MUNICIPALITIES, or