2007 R - 181 - AUTHORIZING THE CITY MAYOR HON. JAMES GORDON, JR. TO ENTER INTO A MOA WITH ABOITIZ ENERGY SOLUTIONS, INC.

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON NOVEMBER 21, 2007 AT THE CITY HALL.


PRESENT:

Hon. Cynthia G. Cajudo - - - - - - - - - - - City Vice-Mayor & Presiding Officer
Hon. Gina Gulanes-Perez - - - - - - - - - - - - - - - - City Councilor
Hon. John Carlos G. Delos Reyes- - - - - - - - - - - “ “
Hon. Marey Beth D. Marzan- - - - - - - - - - - - - - - “ “
Hon. Sarah Lugerna Lipumano-Garcia - - - - - - - - “ “
Hon. Edwin J. Piano- - - - - - - - - - - - - - - - - - - - - “ “
Hon. Angelito W. Baloy - - - - - - - - - - - - - - - - - - “ “
Hon. Aquilino Y. Cortez, Jr.- - - - - - - - - - - - - - - - “ “
Hon. Anselmo A. Aquino- - - - - - - - - - - - - - - - - - “ “
Hon. Elena C. Dabu- - - - - - - - - - - - - - - - - - - - - - “ “
Hon. Robine Rose C. Buenafe- - - - - - - - - - - - - - - SK Federation President

ABSENT:

Hon. Rodel S. Cerezo- - - - - - - - - - - - - - - - - - - - - City Councilor
(On Official Business)
Hon. Carlito A. Baloy- - - - - - - - - - - - - - - - President, Liga ng mga Barangay
(On Official Business)


RESOLUTION NO. 181
(Series of 2007)

A RESOLUTION AUTHORIZING THE CITY MAYOR HON. JAMES GORDON, JR. TO ENTER INTO A MEMORANDUM OF AGREEMENT WITH ABOITIZ ENERGY SOLUTIONS, INC. FOR A POWER FACTOR ADJUSTMENT SAVINGS AND PROFIT SHARING PARTNERSHIP

WHEREAS, the Olongapo City Government is a customer of the National Transmission Corporation (TRANSCO) which provides Olongapo City with electric power requirements;

WHEREAS, TRANSCO imposes a power factor adjustment penalty or gives discounts to its customers, depending on the power factor;

WHEREAS, to avail of power factor discounts given by TRANSCO, the Olongapo City Government is required to install capacity banks (Devices);

WHEREAS, Aboitiz Energy Solutions, Inc. (AESI) has offered to provide, install, repair, replace and maintain Devices and other equipment that will improve the power factor of concerned delivery points of Olongapo City so that the City may avail and maximize the power factor discount;

WHEREAS, in consideration of such services, the Olongapo City Government agrees to pay Aboitiz Energy Solutions, Inc. 60 percent of the reduction in the power factor penalty or 60 percent of the power factor discount enjoyed by the Olongapo City Government resulting from an improvement in Olongapo City’s power factor;

WHEREAS, AESI shall turn over the ownership of the Devices installed to the Olongapo City Government after the expiration of this agreement;

WHEREAS, a memorandum of agreement between the Olongapo City Government and Aboitiz Energy Solutions, Inc. for a Power Factor improvement partnership is required to proceed with the power factor improvement project;

NOW, THEREFORE, on motion of Councilor John Carlos G. delos Reyes, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungsod in session assembled, to authorize, as it hereby authorizes the City Mayor Hon. James Gordon, Jr. to enter into a Memorandum of Agreement with Aboitiz Energy Solutions, Inc. for a Power Factor Adjustment Savings and Profits Sharing Partnership.

APPROVED UNANIMOUSLY, November 21, 2007.


CYNTHIA G. CAJUDO
City Vice-Mayor & Presiding Officer


GINA GULANES - PEREZ JOHN CARLOS G. DELOS REYES
City Councilor City Councilor


RODEL S. CEREZO MAREY BETH D. MARZAN
City Councilor City Councilor
(On Official Business)


SARAH LUGERNA LIPUMANO-GARCIA EDWIN J. PIANO
City Councilor City Councilor


ANGELITO W. BALOY AQUILINO Y. CORTEZ, JR
City Councilor City Councilor


ANSELMO A. AQUINO ELENA C. DABU
City Councilor City Councilor


CARLITO A. BALOY ROBINE ROSE C. BUENAFE
President, Liga ng mga Barangay SK Federation President
(On Official Business)






Con’t. of Resolution No. 181, Series of 2007.

- 3 -




ATTEST:

ELFLIDA S. SALMON
Council Secretary


APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.



JAMES GORDON, JR.
City Mayor
ATTEST:

DELFIN A. JUICO, JR.
Secretary to the City Mayor