HomeMy WebLinkAbout633 RESOLUTION NO. $ 33
P,;~A~R. EAS, the City of Bremerton did on December 93, 1946, enter
into a contract with the United States Pipe and Foundry Company
for the purchase of a quantity of cast iron pil)e and said contract
includes an escalator clause which provides that p~ment for said
pipe would be based upon certain economic conditions existing at
the time of del[very; and
WHEREAS, said contract provides that the price to b~ paid for the
pipe shall be adjusted at the rate of $~.00 per ton for every change
of ~l.00 in the price of pig iron and the price of pig iron has ad-
vanced from $96.88 per ton to $33.38 per ton; and
~i~ER~AS~ the United States Pipe and Foundry Company has by letter
dated July 99, 1947, notified the City that current selling prices
on pipe have been advanced ~3.~0 per ton to cover the above increase
in the price of pig iron,and has proposed a modification of the terms
of the escalator clause on unfilled orders which will be advantageous
for the city; now, therefore
BE IT RESOL~;ED that the City Clerk and Purchasing Agent be and he
hereby is authorized to accept said proposal contained in said letter
and to purchase cast iron pipe for the city in accordance with the
formula contained therein.
Passed by the City Council of the City of Bremerton, signed by the
Mayor and attested by the City ~lerk in authentication of such pas-
sage this ~/~-day of ~anu~ry, 1948.
Mayo r
City Clerk /