(A) Based upon its obligations to serve its customers, such advice and considerations, the city by this section hereby finds and determines that it is in its best interest to join with other municipalities in the state to create a joint agency under and pursuant to the provisions of I.C. 8-1-2.2 for the purpose of undertaking the planning, financing, ownership and operation of a project or projects to supply electric power and energy for the needs of the participating municipalities.
(B) The names of the municipalities proposed to be initial members of the joint agency are Anderson, Crawfordsville, Flora, Greendale, Greenfield, Lawrenceburg, Lebanon, Logansport, Peru, Richmond and Tipton, Indiana.
(C) The city is authorized pursuant to this section to enter into a contract (the “contract”) substantially in the form attached hereto as Exhibit A, a copy of which is available in the office of the Clerk-Treasurer, for the creation of a joint agency with one or more of the municipalities hereinabove named, and with other municipalities subsequently becoming a member of the joint agency pursuant to the contract, and after execution thereof cause notice of the execution of the contract to be given to the Mayor of the city.
(Prior Code, § 25-30) (Ord. 80-11, passed 5-12-1980)