HomeMy WebLinkAbout01097ORDINANCF NO. t� b
AN ORDINiNC1.1 accepting the bid of the National Paper Products Com-
pany for the lease of that part of the water -works and system
of the City of Port Toimsend lying outside of the city limits
as described in resolution passed by the City Council and approv-
ed by the Mayor Deceiiieer 13th, 1927, and directing; the Uayor and
the City Clerk to e.cecute such lease.
M CITY COUNCIL OF TIP, CITY OF PORT TO`.UTSy1TD DOIS ORDAIN AS FOLLOWS:
Section 1. That the bid of the National Paper Products
Company for the lease of that part of the water -works and system of
the City of Port Townsend lying outside of the city limits, as de-
scribed in resolution of the Mayor and City Council passed and approv-
ed December 13th, 1927, be and the same is hereby accepted, which bid
is in words and figures as follows:
"January 10, 1928."
"The City of Port Townsend,
"Port Townsend, Washington.
"Gentlemen:
"The National Paper Products Company hereby bids
for the lease for a period of thirty years of that
part of the water -works and system of the City of Port
Townsend lying, outside of the city limits, described
in the resolution passed by the idayor and the City
Council on the 13th day of December, 1927, on the terms
specified in said resolution, as follows, to -wit:
"The undersigned bidder will pay a total rental
of said lease for said thirty-year term of Tour
Hundred Sixty Thousand ($460,000.00) Dollars.
"The rental for each year of the first twenty-
six years of said term shall be Ten Thousand
($10,000.00) Dollars, paid sewi-annually in ad-
vance in payments of Dive Thousand ($51000.00)
Dollars each.
"The rent to be paid for each year of the last
four years of said term., to -wit, for the twenty-seventh,
twenty-eight, twenty-ninth and thirtieth years of•.said
term, shall be*Fifty Thousand ($502000.00) Dollars per