Section 103-376; Res. 130-02; Declaring Certain S02 Allowances in Excess to the Needs of the City; Authorizing the Sale of Surplus Allowances by the City's Designated Representative

Council Bill No.         R 130-02           

A RESOLUTION

declaring certain SO2 allowances in excess to the needs of the City; and authorizing the City’s Designated Representative to sell the surplus allowances.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The City Council hereby finds and determines that 2,659 SO2 allowances are in excess and surplus to the needs of the City.

    SECTION 2.  The City’s Designated Representative is hereby authorized to sell the excess allowances for the commodity value.

    SECTION 3.  The City Manager or the City’s Designated Representative is hereby authorized to execute all necessary documents to sell the excess allowances described in Section 1.

    ADOPTED this 1st day of July, 2002.