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Florida Power & Light ~LPPROVING A PROPOSED LETTER AGREEMENT W2~H FLORIDA POWER & LIGHT COMPANY CAN- CELLIN$ THAT CERTAIN TRANSFORMER LETTER AGREEMENT NOW IN EFFECT BETWEEN THE TO~PN OF BOYNTON· FLORIDA· AND SAID COMPANY· DATED ~ ~9 · 19~9; AUTHORIZING AND DIRECTING THE MAYOR AND TOWN CLERK ..OF AND ON BEHALF OF THE TOWN OF BOYNTON~ FLORIDA· TO EXECUTE AND ENTER INTO THE SAID"LETTER AGRRRMENT WITH FLORIDA POWER & LIGHT COM- PANY BE IT RES0LVED B~ THE TOWN COMMISSION OF THE TOWN OF BOYNTON, FLORIDA: 1 That the proposed Letter Agreement between the Town of Boynton· Flerlda· and Florida Power & Ligb~ Company· l~ich is hereinafter set forth in section 2 hereof· be and the same is hereby approved as to form and substance 2 That the Mayor and the Town Clerk of and on be- half of the Town of Boynton, Florida· be and they are hereby authorized and directed to execute a~d enter into with Florida Power & Light Company the said proposed ~etter Agreement approved in section 1 hereof· and hereinafter set forth in foxla as follows $ RESOLUTION AUTHORIZING AND DIRECTING TEE MAYOR AND THE VICE-MAYOR OF AND ON BEHALF OF THE TOWN OF BOYNTON~ I~ORIDA~ TO ENTER INT0 AND EXECUTE WITH FLORIDA P0~gER & LIGHT COMPANY A LETTER AGI~MENT PROVIDING FOR THE RENTAL OF TWO (2) TEN (10) KILOWATT TRANSFORMERS 0~NED BY FLORIDA POWER & LIGHT COMPANY TO THE TOWN OF BOYN20N~ I~LORIDA~ FOR A PERIOD OF TIME EQUAL TO AND CONCURRENT WITII THE TERM OF T~E MUNICIPAL WATER PUMPING AGB~T NOW IN EFFECT BETWEEN THE TOWN OF BOYNTON AND FLORIDA POWER & LIGHT COMPANY WHEREAS~ there is in effect between the Town cf Boynton~ Florida~ and Florida Power & Light Company an Agreement dated th~.~tst , day of~ August , Providing for the supply and purchase of ~all power and energy required for and in connection with the consumer's Water Pumping Station located at Boyntonv Flor ida," ar~ WHEREAS, in order that the Town may receive electric power and energy in accordance with the terms and conditions of the said Agreement dated the , lat. day of August 192~, it is necessary and desirable that the Town install Two (2) Ten (10) kilowatt transformers to be used in connection with the said l~ater Pumping Station of the Town, and WHEREAS~ it is deemed to the best interests of the Town that the said transformers be leased rather tha~ purchased at the present time~ and WHEREAS, Florida Power & Light Company is willing te rent to the Town of Boynton, Two (2) Ten (10) kilowatt transformers of a type efficient and desirable for the purposes of the Town under the terms and conditions of a pPreposed Letter Agreement which this Commission approves, NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION OF THE TOWN OF BOYNTON, FLORIDA: Tlm~t the Mayor and the Vice-Mayor &f and on behalf of the Town of Boynton, l~lorida, be and they are hereby authorized and directed to enter into and execute with Florida Power & Light Company a Letter Agreement providing for the letting and rental of Two (2) Ten (10) kilowatt transformers all in accordance with the terms and provisions of a Letter Agreement hereinafter set forth in form, words and figures as follows: