SPECIAL MEETING
June 22, 1966
A Special Meeting of City Council was held Wednesday, June 22, 1966 at 1:00 P.M. with Mayor Carroll presiding. Councilmen present were Messrs. Biggs, Harris, Hastings, Hayes, Holpp and Smith.
ELECTRIC STUDY
Mr. Henry Kahkonen of Drexel Harriman Ripley, Incorporated requested that Council authorize that firm to make financial studies of the electric system of the City to determine whether conditions can be found which would result in the lowest possible electric rates and the greatest possible return on the City’s investment. The Studies would be conducted at no cost to the City. Council discussed the offer and approved the proposal. On motion of Mr. Hastings, seconded by Mr. Biggs, Council by unanimous vote adopted the following resolution authorizing the studies.
RESOLUTION AUTHORIZING DREXEL HARRIMAN RIPLEY, INCORPORATED TO CONDUCT A SERIES OF FINANCIAL STUDIES.
WHEREAS, The City of Dover wishes to serve its franchised territory at optimum efficiency and provide service at the lowest possible rates commensurate with good management; and
WHEREAS, The City of Dover wishes to obtain the greatest return on its investment in its electric system compatible with the prime objectives stated above; and
WHEREAS, Drexel Harriman Ripley, Incorporated, in light of its experience, believed there is substantial possibility under certain conditions to enhance both the service and the rate of return; now therefore,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF DOVER that Drexel Harriman Ripley, Incorporated, at no expense to the City be authorized to conduct a series of financial studies to determine what alternatives are available that would result in the lowest possible rates and the greatest possible return on the City’s investment in its electric system.
Adopted June 22, 1966.
POST OFFICE
Two officials of the General Services Administration, Messrs. Hanley and Rapport, appeared before City Council to give the City official notification that the exchange with the City of Dover of the old Post Office Building on the Plaza for certain properties bounded by Bank Lane, New, Queen, and North Streets had been approved, and outlined the agreements and action necessary to complete the transaction. Council discussed the matter and agreed to take the necessary action.
On motion of Mr. Hastings, seconded by Mr. Biggs, Council by unanimous vote adopted the following resolution:
BE IT RESOLVED by the Mayor and Council of the City of Dover in Council met, this 22nd day of June, 1966, that the proposal to acquire certain lands within the City of Dover (more fully described in Exhibit “C” attached hereto and incorporated herein by reference thereto), and to exchange same for property of the United States Government (more fully described in Exhibit “D” attached hereto and incorporated herein by reference thereto), be and is hereby affirmed and approved, and the proper officers of the said City of Dover are hereby authorized, empowered and directed to forward said proposal as set forth in letter dated June 22, 1966, addressed to A. Miller, Regional Administrator, General Services Administration, 30 Church Street, New York, New York, wherein are set forth the terms and conditions of said proposal, together with Exhibits “A”, “B”, “C”, “D”, “E” AND “F” which are a part of said proposal; and
BE IT FURTHER RESOLVED, upon the official acceptance of the said proposal by the United States Government, that the proper officers of The City of Dover are authorized, empowered and directed to execute any and all documents, instruments or other papers necessary for the completion of the exchange of said properties.
Adopted June 22, 1966
Council adjourned at 2:05 P.M.
City Clerk
All ordinances, orders and resolutions adopted by City Council at its meeting of June 22, 1966 are hereby approved.
Crawford J. Carroll
Mayor
June 23, 1966